Sources: Hulsizer to bid on Coyotes

Here is the latest in the Coyotes debacle. It appears that a buyer has stepped up that will keep the Coyotes in Phoenix.

ESPN.COM ---- Matthew Hulsizer, CEO of PEAK6 Investments is in the final stages of negotiating a new arena lease agreement with the City of Glendale after which Hulsizer is expected to make an offer to purchase the Coyotes from the NHL, multiple sources have confirmed to ESPN.com.

The emergence of the Chicago-based financier and former collegiate hockey player comes at a time when negotiations between Ice Edge Holdings, a group of Canadian and American investors who have been pursuing the team for more than a year, and Glendale officials have stalled.

Although Hulsizer could not be reached for comment, sources familiar with the businessman and situation in Phoenix believe he may be the answer to the NHL's search for a viable owner.

In fact a number of sources said he represents the last, best chance to keep this team in Arizona.

"He has an unbelievable financial mind," one source that has known Hulsizer for years told ESPN.com.

"He's exactly the kind of guy that the league needs. He's a legitimate hockey guy with a lot of money."