Mr. Meruelo oversees the Meruelo Group managed family of companies, having substantial equity interest in and sitting on the board of many of those companies. "I'm very committed to this state, to the Valley, to the fans of Arizona, to the team of Arizona and residents of Arizona," Meruelo said. GLENDALE, Ariz. (AP) — Alex Meruelo’s specialty as a businessman has been to resurrect struggling companies. The son of Cuban immigrants, the 55-year-old Meruelo founded the California-based Meruelo Group in 1986 after learning the business ropes in … Chayka was not … Reno-based businessman Alex Meruelo, founder of the Meruelo Group, has agreed to invest up to $100 mi... See more » March 23, 2018 Los Angeles Business Journal Meruelo Group Buying SLS Las Vegas The ownership transfer of the 1,616-room SLS Las Vegas Hotel & Casino to Downey-based management firm... See more » Meruelo Group Press Releases. Lots of it. “Alex and I have known each other for well over a decade and I did serve as the president and Chief Investment Officer of the holding company (The Meruelo Group),” he said. Alex Meruelo May Get The Arizona Coyotes For Roughly $300 Million. He purchased it in 2008 for $7.05 million. Alex Meruelo . The Hawks' ownership group, headed by Bruce Levenson and Michael Gearon Jr., has said that the team will not be sold to Meruelo in a mutual decision to terminate the agreement, Friday, Nov. 4. The son of Cuban immigrants, the 55-year-old Meruelo founded the California-based Meruelo Group in 1986 after learning the business ropes in … Alex Meruelo, who plans to buy a majority share in NBA basketball's Atlanta Hawks, speaks during a news conference in Atlanta on Monday, Aug. 8, 2011. The son of Cuban immigrants, Meruelo started as a teenage entrepreneur running a downtown Los Angeles tuxedo rental. ”It’s a once in a lifetime opportunity to work with him. Meruelo began … One version of events being propagated is that Chayka set up the meeting so Hall could get to know Meruelo, Alex Jr., and Gutierrez, who replaced predecessor Ahron … The franchise also needs to find a permanent home after the City of Glendale voted to terminate a 15-year, $225 million lease agreement with the Coyotes for Gila River Arena in 2015. Meruelo made an attempt to buy the NBA’s Atlanta Hawks in 2011, but a potential deal fell through. Meruelo, the son of Cuban immigrants, would be the NBA's first Hispanic majority owner if the deal is approved. Last week, the 30-year-old dancer said that 55-year-old Piers would be his dream male partner - and he got good news during an appearance on today's Loose Women. from California State University Long Beach in 1985. Alex Meruelo accumulates a staggering net worth of $2 billion as of 2020. The uncertainty has consistently put the Coyotes at the center of relocation rumors, which Meruelo's hopes to squash. The Atlanta Hawks will not be sold to California developer and pizza chain owner Alex Meruelo. Alex Meruelo | Commercial Bank of California Mr. Meruelo was born in New York City, the son of Cuban immigrants. The Coyotes have struggled on the ice and at the gate, missing the playoffs every year since reaching the 2012 Western Conference Finals while ranking among the NHL's worst teams in attendance. The Coyotes have not made the playoffs the past seven seasons, but have a young, talented roster and just missed the postseason last year. All details on the site celebsbar.com He was a starter for his California Catholic high school team. Meruelo’s latest acquisition could be one of his most challenging: turning the Arizona Coyotes into consistent winners while making the franchise profitable. They sold a majority stake to Barroway, a Philadelphia-based hedge fund manager, and he became the team's sole owner after buying out his partners in 2017.