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Meruelo poised to take over NHL Arizona Coyotes

Alex Meruelo, a Cuban-American billionaire businessman, is close to acquiring a majority stake in the Arizona Coyotes, according to multiple reports.

Meruelo, the founder of California-based construction and real estate development firm the Meruelo Group, would replace Andrew Barroway as the Coyotes' majority owner. Barroway would retain a minority stake in the franchise.

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