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Alex Meruelo has assumed majority ownership of Arizona Coyotes

Alex Meruelo (courtesy Arizona Coyotes)

NEW YORK – The National Hockey League announced back in the summer on July 29, 2019 that Alex Meruelo became majority owner of the Arizona Coyotes through the formal closing of his purchase transaction with Andrew Barroway, with Mr. Barroway retaining a minority ownership interest in the Club. The NHL Board of Governors had previously approved the transaction.

Meruelo has holdings in quite a few areas. Owner of The Meruelo Group, Fuji Food, Grand Sierra Resort, Sahara Las Vegas, Colom Island. A TV station: KWHY-TV. Several radio stations: KLOS, KLLI, KPWR, KDAY and KDEY-FM. Theses media outlets are in the Los Angeles area.

The Cuban-American also has business holdings in banking, real estate, restaurant, food and construction.

A billionaire, the 55-year-old Meruelo was born in New York, New York. His parents were accountants who fled the Castro regime. His family moved to LA where they held a bridal shop and invested in local real estate. He also started to invest in real estate at an early age, and eventually sold some land to Walmart,. That deal made him a millionaire in his early 20s.

He is a graduate of California State Fullerton.

 

PORTIONS OF THIS STORY FROM NHL PUBLIC RELATIONS; COURTESY NHLmedia.com