Greg Jamison has missed his deadline to buy the Phoenix Coyotes before a lease agreement with the City of Glendale expires.
The former CEO of the Sharks had until midnight Thursday to buy the team from the NHL under the terms of the lease agreement with Glendale, Ariz., but he was unable to get the money or investors he needed in time to hit the deadline.
"We will not be able to complete our purchase of the Phoenix Coyotes today in time to meet our deadline with the city of Glendale," Jamison said in a statement. "However, our journey to purchase the Coyotes will continue."
Jamison had emerged as the latest and arguably best chance for the Coyotes to land an owner after more than three years of being run by the league.
He reached a 20-year, $308 million lease agreement with Glendale for Jobing.com Arena in the fall, creating what was believed to be a clear path to ending the Coyotes' up-and-down ownership saga.
Instead, the uncertainty will continue with still no end in sight.
"Obviously, it's a frustrating time, but we have no control over it," Coyotes goalie Mike Smith said.
Islanders 5, Devils 4: New York coach
"I can't believe my luck," Capuano said. "As soon as I came in, I heard the horn go off, meaning they tied it. But I'm glad we hung with it. We deserved the win."
Sabres 7, Bruins 4: Thomas Vanek had his second five-point game of the season to lead Buffalo over host Boston.
Vanek had three goals and two assists, setting up the tiebreaking score with 13:06 left in the third period.
Panthers 6, Jets 3: Alex Kovalev scored the go-ahead goal during Florida's five-goal outburst in the third period, helping the Panthers rally over visiting Winnipeg.
Maple Leafs 3, Capitals 2: Nikolai Kulemin and Matt Frattin scored third-period goals to give Toronto its first home win of the season.
Washington's Alex Ovechkin doubled his goal output on the season when he scored in the second period.
Blues 4, Blue Jackets 1: Barret Jackman, Patrik Berglund and Vladimir Tarasenko each scored in the opening 14 minutes, Brian Elliott made 24 saves and visiting St. Louis won its fourth straight game.
Avalanche 6, Flames 3: Paul Stastny scored twice, including the go-ahead goal in the third period, to lead visiting Colorado over Calgary.
Penguins 3, Rangers 0: Tomas Vokoun stopped 28 shots for his 49th NHL shutout, and Pittsburgh improved to 4-1 on the road -- including a 2-0 mark at Madison Square Garden.
Senators: Forward Jason Spezza will have back surgery Friday to repair a herniated disk.
No timeline was given for Spezza's return, but the team is hopeful he'll be play again this season.