Chicago investment executive Matthew Hulsizer has pulled his bid to buy the Phoenix Coyotes.
According to this report, Hulsizer did not want to go through potentially several more months of Glendale of trying to acquire the team.
Sources familiar with the deal said late last week that Glendale was talking to Hulsizer and two other potential owners: Chicago Bulls/White Sox owner Jerry Reinsdorf and another unnamed group.
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