Andrew Barroway is an American hedge fund manager. He is the majority owner of Greek football club Athens Kallithea FC, and was formerly the owner of the

Arizona Coyotes The Arizona Coyotes are an inactive professional ice hockey team based in the Phoenix metropolitan area. They competed in the National Hockey League (NHL) as a member of the Central Division (NHL), Central Division (1996–1998, 2021–2024) and ...

hockey team in the

National Hockey League The National Hockey League (NHL; , ''LNH'') is a professional ice hockey league in North America composed of 32 teams25 in the United States and 7 in Canada. The NHL is one of the major professional sports leagues in the United States and Cana ...

Early life and education

Raised in

Cherry Hill, New Jersey Cherry Hill is a Township (New Jersey), township within Camden County, New Jersey, Camden County, in the U.S. state of New Jersey. As a suburb of Philadelphia, the township is part of the South Jersey and Delaware Valley regions. Cherry Hill ...

, Barroway attended Cherry Hill High School East and

Rutgers University Rutgers University ( ), officially Rutgers, The State University of New Jersey, is a Public university, public land-grant research university consisting of three campuses in New Jersey. Chartered in 1766, Rutgers was originally called Queen's C ...

, before earning a

Juris Doctor A Juris Doctor, Doctor of Jurisprudence, or Doctor of Law (JD) is a graduate-entry professional degree that primarily prepares individuals to practice law. In the United States and the Philippines, it is the only qualifying law degree. Other j ...

degree at the

University of Pennsylvania Law School The University of Pennsylvania Carey Law School (also known as Penn Carey Law, or Penn Law; previously University of Pennsylvania Law School) is the law school of the University of Pennsylvania, a private Ivy League research university in Phi ...

Career

In October 2014, he agreed to purchase the 51% majority share of the Coyotes for $152.5 million, a franchise that was reportedly valued by Coyotes' president Anthony LeBlanc at $305 million. On December 31, 2014, the NHL Board of Governors approved the sale. The team had been previously purchased out of bankruptcy by LeBlanc's group for $170 million in 2013 with substantial concessions by the City of Glendale. The City of Glendale paid subsidies to the NHL when revenue and value failed to meet the required minimums during bankruptcy proceedings. The NHL Board of Governors prevented the city from acquiring an ownership share in the franchise. In 2015, it was reported that Barroway had missed payments and would be removed from the majority shareholder position. However, in 2016, Barroway reportedly obtained a greater share of the franchise with up to 54% of the shares. In 2017, Barroway then bought out the rest of his IceArizona partners to become the sole shareholder. In 2019, Barroway sold majority interest in the team to

Alex Meruelo Alex Meruelo (born March 27, 1964) is a Cuban-American billionaire who holds business interests in banking, real estate, media, restaurants, food, casinos, and professional sports. He is the owner of Meruelo Group, as well as Meruelo Media, whic ...

. In August 2021, Barroway purchased the 90% majority share of the Greek football (soccer) club Athens Kallithea FC for €300.000. On March 23, 2023, Barroway was arrested in

Aspen, Colorado Aspen is the List of municipalities in Colorado#Home rule municipality, home rule city that is the county seat and the List of municipalities in Colorado, most populous municipality of Pitkin County, Colorado, United States. The city population ...

on charges of assault and domestic violence. On March 27, 2023, NHL commissioner

Gary Bettman Gary Bruce Bettman (born June 2, 1952) is an American sports executive who serves as the NHL commissioner, commissioner of the National Hockey League (NHL), a post he has held since February 1, 1993. Previously, Bettman was a senior vice preside ...

announced that Barroway was suspended indefinitely from the league pending further information. On August 30, 2023, prosecutors filed a motion to dismiss the charges. Despite that, the NHL announced they banned Barroway from ownership of the Coyotes, leaving

as the sole owner of the franchise.

References

American hedge fund managers Arizona Coyotes owners Businesspeople from Camden County, New Jersey Cherry Hill High School East alumni National Hockey League owners People from Cherry Hill, New Jersey Rutgers University alumni University of Pennsylvania Law School alumni Year of birth missing (living people) Living people {{US-business-bio-stub