The group trying to buy the NHL's Phoenix Coyotes, led by former San Jose Sharks CEO Greg Jamison, is about $20 million short of the necessary funds to buy the team and keep it in Arizona, according to a report in the Phoenix Business Journal.
The shortage of funds might not serve as a deal-breaker, according to the report, but the deal is currently on "tenuous ice." From the report:
Jamison is courting new investors and partners to help him cobble together the money and financing needed to purchase the team from the National Hockey League. [...]
The NHL wants $170 million for the Coyotes. The league bought the team in 2009 out of Chapter 11 bankruptcy for $140 million.
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