Renaissance Sports and Entertainment, LLC will act as the managing partner of IceArizona.
"We are extremely pleased to have finalized the transaction with the NHL and to take ownership of the Coyotes franchise," said Gosbee, Chairman and Governor of the Coyotes. "We extend our sincere gratitude to NHL Commissioner Gary Bettman and NHL Deputy Commissioner Bill Daly for their hard work and commitment to the Coyotes franchise and our great fans here in Arizona. We also thank the City Council members and residents of the City of Glendale for their tremendous support. Finally, to our fans and partners in the Valley, thank you for your continued loyalty, commitment and patience for the Coyotes. The future looks bright for our franchise."
The Coyotes were purchased for $170 million, and reworked their lease at Jobing.com Arena on a new 15-year deal.
"The National Hockey League believes in Arizona as an NHL market and that these new owners can provide the Coyotes the opportunity to secure a stable, long-term future in Glendale," NHL Commissioner Gary Bettman said in a statement. "We thank Mike Nealy, Don Maloney, Dave Tippett, team captain Shane Doan and all the players and staff for consistently going 'above and beyond' on behalf of the franchise during this long and complex process.
"We thank the Coyotes' devoted fans for their patient, perseverant support. We are extremely pleased that a positive resolution has been achieved for the fans, the city, the Coyotes and the League."