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Meruelo takes ownership of Coyotes

Meruelo

Meruelo

Alex Meruelo’s specialty as a businessman has been to resurrect struggling companies. His billion-dollar portfolio includes casinos, TV and radio stations, food services, real estate, hospitality, construction and engineering.

Meruelo’s latest acquisition could be one of his most challenging: turning the Arizona Coyotes into consistent winners while making the franchise profitable.

“Hockey is a sport, but it’s also a business,” Meruelo said Thursday during his introductory news conference. “I’ve had a lot of experience building businesses and turning them around. For 40 years I’ve been doing this. I’ve had a lot of success and I have a great team.”

Meruelo officially took over as Arizona’s majority owner this week after completing the transaction with Andrew Barroway, who will stil...

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