A major purchase offer has been submitted to officially move the Arizona Coyotes

"I'm told the Coyotes had quite an offer on the table for the club, with relocation in mind as the plan.

It's still premature (maybe?).

But I'm updating this situation, as well as the Utah and Atlanta expansion updates (be ready, it's coming)!" - David Pagnotta

"According to two different and reliable sources, Smith even proposed to buy the Coyotes for a significant sum, well beyond the current valuations of Forbes and Sportico for the Coyotes, and he would be willing to cover the relocation expenses as well.

Whether this offer is formally written or expressed is semantics, but the overall price of this offer would be lower than the expansion fees."