FOX 10 News in Phoenix, the Fourth Period Magazine and the Phoenix Business Journal report that NHL commissioner Gary Bettman is in Glendale, Ariz., to announce a tentative agreement has been struck.
Bettman is expected to make the announcement before Monday's Game 5 of the Coyotes-Nashville Predators playoff series.
The reports say the likely new ownership group is led by Greg Jamison, the former chief executive officer of the San Jose Sharks.
Jamison is still a minority owner of the Sharks.
The NHL has owned the Coyotes since 2009.