Seravalli has stated that the deal is far from done, with many, many t's to cross and i's to dot, with a lot of legal hurdles to jump, but that significant progress has been made today.
The Fourth Period's David Pagnotta has also indicated that if such a deal gets done, it wouldn't close the door on having an NHL team in Arizona. It would simply give current owner Alex Meruelo time to get an arena situation sorted out before bringing a team back to the State as early as 2027-28.