May 11, 2010, 11:30 PM EDT
Earlier tonight I shared a report that Ice Edge Holdings might not actually be all the way out of negotiations to own the Phoenix Coyotes. The saga continues tonight and this time around, there’s some more (potentially) good news for fans hoping the team stays put. Here’s the story from the Associated Press.
The Glendale city council is considering guaranteeing the NHL up to $25 million to keep the Phoenix Coyotes in Jobing.com Arena for the 2010-2011 season.
But city manager Ed Beasley and NHL deputy commissioner Bill Daly told the council that the sale of the Coyotes is expected to close by the end of June and that the payments may never be needed.
One other important nugget is that while Jerry Reinsdorf’s offer might be out of the running, the Chicago White Sox owner isn’t out of the potential owner picture altogether. TSN’s Bob McKenzie backed up this sentiment in this Tweet.
To little surprise, this matter is still murky to say the least. We’ll keep you updated as news filters in, even if the see-saw nature of the news almost makes the situation seem like a dog (or a Coyote?) chasing its own tail.
- Is Colorado’s rise a fair example of what might happen in Buffalo? 3
- It’s Buffalo Sabres day on PHT 19
- Gomez goes full circle by rejoining Devils on tryout basis 11
- Under Pressure: Jimmy Howard 6
- Looking to make the leap: Anthony Mantha 21
- It’s Detroit Red Wings day on PHT 24
- Under Pressure: Nathan Horton 8
- Will Johansen be the latest Overhardt holdout? 25
- It’s Columbus Blue Jackets day on PHT 17
- Shanahan tasked with ending years of collapses 9
- NHL-to-Vegas talks gaining steam (68)
- Report: Bruins need to make a trade (61)
- Sounds like San Jose handled stripping Thornton’s captaincy really well (43)
- Fanspeak: Mats Sundin voted greatest Maple Leaf in franchise history (43)
- Fanspeak: Lemieux (stunner!) voted greatest Penguin in franchise history (41)