NHL suspends Arizona Coyotes minority owner Andrew Barroway indefinitely
The National Hockey League has released a statement regarding Arizona Coyotes minority owner Andrew Barroway, who was arrested Thursday in Aspen, Colorado on a strangulation charge.
“The National Hockey League is aware of the arrest of Arizona Coyotes minority owner Andrew Barroway. Pending further information, he has been suspended indefinitely.
Barroway, a hedge fund manager based in Scottsdale, Arizona, was arrested Thursday night at the Limelight Hotel after being charged with strangling his wife according to the Aspen Daily News. He is currently facing a third degree assault charge. He is also under a court order that prohibits him from contacting his wife except to see their children. He posted $2,500 personal bond on Friday following a virtual hearing before the Chief Judge for the 9th Judicial District.
Craig Morgan of PHNX Sports reported that the Coyotes ownership group did the following statement« We are aware of the allegation regarding Mr. Barroway and we are working with the League to gather more information. When we have enough information, we will have an appropriate response. Until the investigation is finished, we will have no further comments.
In 2014, he agreed to buy a majority 51% share of the Coyotes franchise for $152.5 million and on December 31, 2014, the NHL Board of Governors approved the sale. The team was bought out of bankruptcy by LeBlanc’s Group for $170 million in 2013. However, in 2015 it was reported that Barroway had missed payments and would be removed from the majority shareholder position. In 2016, he got a bigger share of the franchise with a 54% stake. in 2017, it became the sole shareholder after buying out the rest of its partners IceArizona. In 2019 he sold the majority stake in the team to Alex Meruelo. He is also the majority owner of Greek football club Athens Kallithea FC.