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 The NHL Board of Governors approved the purchase from IceArizona
on Wednesday, which means Barroway can immediately take over as
chairman and governor of the team.
"I am extraordinarily grateful for the opportunity of a lifetime and
look forward to working and solidifying a strong partnership with
the club's current ownership group," Barroway said in a statement.
"As a group we are committed to serving our fans with a new level of
excellence and our collective goal is to put a competitive team on
the ice every season and, one day, win the Stanley Cup."
 The Coyotes are mired in second-last place in the Western Conference
this season with 32 points from 36 games.
IceArizona, a group of investors headed by Canadian businessmen
George Gosbee and Anthony LeBlanc, purchased the Coyotes last year
from the NHL, which had bought the franchise out of bankruptcy in
2009 for $140 million.
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Barroway, the managing partner of Merion Investment Management
LP, an event-driven hedge fund that manages more than $1 billion,
earlier this year tried unsuccessfully to buy the New York
Islanders.
(Reporting by Andrew Both in Cary, North Carolina; Editing by Mark
Lamport-Stokes)
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