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On September 7, 2009, Balsillie had reportedly sweetened his offer by US$40–50 million to buy out the lease of the Glendale Arena. [14] On September 9, 2009, it was reported that both Reinsdorf and Ice Edge Holdings had withdrawn from the bidding for the Coyotes, leaving only Balsillie and the NHL as prospective purchasers.
A lease agreement was signed with the City of Glendale in 2001, construction began on April 3, 2002, and the arena opened midway through the 2003–04 NHL season. The National Lacrosse League 's Arizona Sting hosted the first sporting event in the arena, a 16–12 2004 NLL season opening victory against the Vancouver Ravens on December 26, 2003.
The City of Glendale had to step in and guarantee the team's losses for 2010–11 as a precondition of the NHL not transferring the franchise. A consortium of investors led by Chicago investor Matt Hulsizer then reached a deal to purchase the Coyotes from the NHL along with a lease agreement with Glendale.
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State Farm Stadium is a multi-purpose retractable roof stadium in Glendale, Arizona, United States, west of Phoenix. It is the home of the Arizona Cardinals of the National Football League (NFL) and the annual Fiesta Bowl. It replaced Sun Devil Stadium in Tempe as the home of the Cardinals, and is adjacent to Desert Diamond Arena, former home ...
With a capacity of nearly 21,000, the United Center is the largest arena by capacity in the NBA, and second largest arena by capacity in the NHL. It also has a seating capacity of 23,500 for concerts. Opening in 1994, the United Center replaced the Chicago Stadium, which was located across the street.
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