BREAKING: The NHL is finally moving forward with relocation to a new city

Despite efforts to stay in Arizona, land acquisition issues and potential buyer withdrawals have left the team in a tough spot.

Speculation suggests NHL Commissioner Gary Bettman might step in, either by changing ownership or temporarily managing the team.

With a group in Salt Lake City actively seeking an NHL team and a suitable venue, relocation could be the best option.

An announcement about the Coyotes' ownership could come soon, possibly signaling their departure from Arizona.

The league's openness to relocation shows the challenges of keeping the team in the Arizona State University arena.