The Glendale City Council voted to cover the NHL’s losses on the Phoenix Coyotes for the 2011-2012 season up to $25 million, and also committed to do so annually for the next decade if the team isn’t sold or moved. In a contentious meeting last night, the council agreed to continue the financial agreement first […]
Tag Archives | ice edge holdings
The week that was: June 12
Here are the most popular stories in the past week on Arena Digest, as measured in page views. In general, it was a week where the new ownership of the Phoenix Coyotes and the proposed merger between the CHL and the IHL dominated the news. Hold your horses: CHL/IHL merger hitting obstacles Bettman: Oh, Canada? […]
Ice Edge: We have the money for Coyotes purchase
Ice Edge Holdings says it has enough money to buy the Phoenix Coyotes and has a plan in place to change the team’s financial fortunes. The group, comprised mainly of Anthony LeBlanc, Keith McCullough and John Breslow, will borrow half the money needed to buy the team and put in personal cash to cover the […]
Glendale approves Ice Edge Holdings deal; 60 days to close
The Glendale City Council approved a memorandum of understanding (MOU) with Ice Edge Holdings over the broad terms of a new lease at jobing.com Arena, sunbect to the group’s purchase of the Phoenix Coyotes from the NHL. The MOU gives Ice Edge Holdings 60 days to finalize a lease and obtain the team, which means […]
Reinsdorf: I’m done pursuing Coyotes
Jerry Reinsdorf officially pulled out of the Phoenix Coyotes sweepstakes in anticipation of a Tuesday night meeting where the Glendale City Council is expected to approve a jobing.com Arena lease with Ice Edge Holdings. “Ultimately we came to the conclusion it was time to move on,” Reinsdorf said in a statement. “We were happy to […]
Ice Edge Holdings emerging as leading Coyotes suitor
Ice Edge Holdings, once spurned as a buyer of the Phoenix Coyotes, is now the leading contender to land the troubled franchise, with the Glendale City Council set to discuss lease on Tuesday. Despite the best efforts of the NHL to position Jerry Reinsdorf as the buyer of the team, Ice Edge Holdings now represents […]
Reinsdorf snares Jobing.com Arena lease, Coyotes presumably to follow
The Glendale City Council has decided to negotiate exclusively with Jerry Reinsdorf over a Jobing.com Arena lease proposal, clearing the way for the sports mogul to land the NHL’s Phoenix Coyotes. The council was choosing between two competing offers from Reinsdorf, the owner of the Chicago White Sox and the Chicago Bulls, and Ice Edge […]
