The Arizona Coyotes will have a new majority owner in Alex Meruelo, and NHL commissioner Gary Bettman hopes Meruelo can be the person to find a long-term arena solution and keep the team in Arizona.

Meruelo will take over for Andrew Barroway, who became the Coyotes' majority owner in 2014. Barroway will still keep a minority stake in the team. The transaction was unanimously approved by the NHL's Board of Governors at their meeting on Wednesday in Las Vegas, but the deal is expected to close sometime in July, according to Bettman.