Merion Investment Management’s Andrew Barroway purchases 51% of the NHL’s Arizona Coyotes

December 31st, 2014
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It’s been an icy year for Andrew Barroway, whose hedge fund employs an event-driven strategy. According to Reeters News, Barroway, manager of Merion Investment Management LP, dreamed of owning a 51 percent stake in the New York Islanders NHL franchise. That was of course until the NHL Board of Governors turned down his offer earlier this year.

Never mind the Islanders, it appears that what Andrew Barroway wanted all along was a majority share of the second to last place member of the Western Conference, the Arizona Coyotes. Andrew Barroway, hailing from the great city of Philadelphia purchased a 51 percent share of the Arizona Coyotes from the Canadian Investment Group IceArizona. The approved purchase makes Barroway both chairman of the board and governor of the Arizona NHL team, proving dreams can come true. At least sort of.
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