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Coyotes future in Arizona in doubt; Ice Edge backs out

May 10, 2010, 9:54 PM EDT

Ice Edge Holdings was seemingly the last chance for the City of
Glendale to keep the Coyotes in Arizona and tonight we learn that that
talks have broken down between the city and Ice Edge, leaving the
possibility of the team staying in Arizona in serious jeopardy. An
agreement was necessary to be in place, as the Glendale city council
would be voting on a proposal tomorrow. With no agreement in place,
there will be no vote.

Ice Edge was hoping to agree to terms with the city today,
including one of exclusivity, and when neither side could come to an
agreement the company backed away from the negotiating table.

It
appears one major hold up in this mess is the NHL’s desire for insurance
from the city that any deal would be able to cover any losses by the
team for next season. With talks with Jerry Reinsdorf falling apart,
Glendale then turned at the last moment back to Ice Edge, hoping to sign
an agreement of exclusivity in time for tomorrow’s vote.

With
neither Ice Edge nor Jerry Reinsdorf in place to purchase the franchise
it’s more than likely that the NHL will now step in and take steps to
finalize a sale to David Thompson, one which would then move the
franchise back to Winnipeg.

  1. Alex - May 11, 2010 at 12:40 AM

    Back to Winnipeg!
    As far as “Sun Belt” teams go I am actually pretty impressed with the passion shown by the fans in phoenix but whether we are talking about Phoenix, Nashville, Columbus, Atlanta, Carolina, a 3rd team in LA (two is barely ok) or either Florida team you can not tell me thse teams each have the fanbases necessary for an NHL team. Some will move or fold to areas that will support them. Some Will survive in their areas I am sure but most of these teams need to move – and Winnipeg is waiting with open arms!

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