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The Jan. 31 deadline for Greg Jamison to complete his purchase of the Phoenix Coyotes has come and gone.

Late Thursday evening Jamison confirmed what Coyotes fans didn't want to hear and issued a statement announcing that, even though he will continue to work on purchashing the team, he will not be able to complete the purchase at this time.

This is the statement in its entirety:

"We will not be able to complete our purchase of the Phoenix Coyotes today in time to meet our deadline with the city of Glendale. However, our journey to purchase the Coyotes will continue. We realize this will require additional conversations with the city of Glendale and the NHL. We still believe we can reach an agreement that satisfies everyone. We hope negotiations with the city proceed as smoothly as possible, as everyone involved wants the Coyotes to remain in Arizona.

"To the Arizona's sports and hockey fans, and the City of Glendale, we appreciate your patience and diligence. We wish everything was completed today as we worked extremely hard on the deal. However, we have taken significant steps to keep the Coyotes in Glendale for the long-term. I've seen first-hand the wonderful support Arizona hockey fans have provided the Coyotes and we will continue our efforts to keep the NHL in Arizona."

This, of course, means the Coyotes' mess of an ownership situation will continue for the foreseeable future.

The Coyotes have been owned by the NHL for the past three years and Jamison had until midnight on Thursday to complete the purchase before a lease agreement with the city of Glendale expired.

(S/T Craig Morgan)

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