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Billionaire Alex Meruelo takes ownership of Coyotes

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GLENDALE, Ariz. — Alex Meruelo’s specialty as a businessman has been to resurrect struggling companies. His billion-dollar portfolio includes casinos, TV and radio stations, food services, real estate, hospitality, construction and engineering. Meruelo’s latest acquisition could be one of his most challenging: turning the Arizona Coyotes into consistent winners while making the franchise profitable. “Hockey

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