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 […]
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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 […]
Bettman: Oh, Canada?
Once an outspoken opponent of shifting franchises north of the border, NHL Commissioner Gary Bettman is warming to the idea of franchises returning to Winnipeg and Quebec City. There are others in the NHL much more enthusiastic about the NHL returning to hockey hotbeds in Canada, and apparently their thinking is rubbing off on the […]
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 […]
Glendale to cover Coyotes losses — for now
The Glendale (Az.) City Council will spend up to $25 million to keep the NHL’s Phoenix Coyotes at Jobing.com Arena for the 2010-2011 season — but where the team ends up after that is still under debate. The council will spend up to $25 million on the franchise, which is still owned by the NHL, […]
