lease agreement with Renaissance Sports and Entertainment (RSE), which would purchase the team from the NHL for US$225 million by August 5, 2013. The members of the Canadian group are Executive Chairman & Governor George Gosbee; President, CEO & Alternate Governor Anthony LeBlanc; Alternate Governor Craig Stewart; and Directors Gary J. Drummond, W. David Duckett, William "Bill" Dutton, Robert Gwin, Scott Saxberg and Richard Walter. RSE partnered with Global Spectrum (owners of the Philadelphia Flyers) for help in managing Gila River Arena. The agreement has the City of Glendale giving RSE US$15 million per year for management fees. There was a clause stipulating RSE can relocate the team after five years if it accrues US$50 million in losses. On January 29, 2014, the new ownership group announced the team would change its name to the "Arizona Coyotes" for the 2014–15 season. According to Coyotes club president Anthony LeBlanc, the change was made to reflect the fact the team is no longer located within Phoenix city limits and to include all hockey fans in the state of Arizona. Aside from a new shoulder patch, the team's uniform design did not change. Following the conclusion of the 2013–14 season, it was reported that due to lackluster revenue from parking and non-hockey events, the City of Glendale would recoup just $4.4 million, which was significantly less than the $6.8 million the city expected to receive back from sources including parking receipts, ticket sales and naming rights for the arena. On June 4, 2014, it was reported that a Scottsdale, Arizona, public-relations firm had sued IceArizona, the owner of the Phoenix Coyotes, alleging the NHL club had reneged on a sponsorship deal worth nearly $250,000. A Coyotes spokesman responded to this issue by calling it a "quarter-million-dollar scheme". By October, IceArizona entered a deal to sell a 51% controlling interest in the Coyotes to Philadelphia-based hedge fund manager Andrew Barroway, who had recently failed in his attempt to purchase the New York Islanders. The deal was approved by the NHL Board of Governors on December 31, 2014. During the 2014–15 season, the team finished last in the Pacific Division with the second-worst record in the NHL. On June 10, 2015, Glendale City Council voted to terminate its 15-year, $225 million agreement with the Coyotes. The city claimed "It was entitled to terminate the agreement because two former city employees, Craig Tindall and Julie Frisoni,