The NHL and the Coyotes announced today that an agreement for IceArizona to sell 51 percent of the Arizona franchise to Andrew Barroway has been finalized by the NHL's Board of Governors. Barroway will serve as the Coyotes Chairman and Governor immediately.

"This is truly a dream come true for me and my family," said Barroway. "I am extraordinarily grateful for the opportunity of a lifetime and look forward to working and solidifying a strong partnership with the Club's current ownership group.

"As a group we are committed to serving our fans with a new level of excellence and our collective goal is to put a competitive team on the ice every season and, one day, win the Stanley Cup."