Report: Alex Meruelo close to purchasing majority share in Coyotes
Mark J. Rebilas / USA Today Sports

Billionaire businessman Alex Meruelo is in advanced talks to purchase a majority share of the Arizona Coyotes, sources told The Athletic's Craig Morgan.

The NHL Board of Governors is expected to vote on the matter at an upcoming meeting in Las Vegas on June 19. The sale would give Meruelo a substantial majority stake in the Coyotes, with current owner Andrew Barroway retaining a small minority share, Morgan adds.

Meruelo has construction, real estate, and other holdings across the U.S. He put in a bid to buy the NBA's Atlanta Hawks in 2011.

Barroway became the Coyotes' owner in 2015, buying control of the club for $305 million.

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Report: Alex Meruelo close to purchasing majority share in Coyotes
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