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Ice Edge Holdings meets with Gary Bettman, NHL on Coyotes sale

Jun 17, 2010, 12:32 PM EDT

Ice Edge Holdings met with Gary Bettman and other NHL officials on Tuesday to discuss their potential offer to buy the Phoenix Coyotes, according to Rebekah Sanders of the Arizona Republic.

The NHL is expected to continue examining Ice Edge’s proposal before team owners hold a vote. Meanwhile, the group continues to work out final details of the arena lease agreement with Glendale.

Ice Edge must prove to the city that it has financing to complete the team purchase by Friday.

If the group does not meet the deadline, Glendale would be free to re-open negotiations with any other group interested in buying the Coyotes. The NHL has given Glendale until Dec. 31 to complete a deal with a future owner. The extension was given after the city pledged $25 million to cover team losses until a buyer is secured.

While the story is far from over, it’s good to see that the process is at least moving toward a resolution. We’ll keep you up to date about the situation as details trickle down.

  1. Rick - Jun 17, 2010 at 1:18 PM

    The only resolution that it will come to in the end is the team moving back to its rightful place, Winnipeg.

  2. Ben - Jun 17, 2010 at 1:26 PM

    Not going to happen, The Ice at arena will be surfaced with the tears of Winnipeg hockey fans!

  3. hugefan - Jun 17, 2010 at 1:33 PM

    Rightful Place, Rightful PLACE! Who anointed you the keeper of the right to where the Arizona Coyotes will play their games? Rick, you had an NHL game there in 2009 and all you could put in you little arena was 10000 curios people that had to told when to cheer. The team will play in Glendale this year and for many years to come. They will have been bought and payed for so the will be “The rightful place” for them to be. Toronto, Quebec and Hamilton are next in line for expansion according to Bettman

  4. Rick - Jun 17, 2010 at 2:22 PM

    We’ve loaned Phoenix the Jets long enough.

  5. Drew - Jun 17, 2010 at 2:40 PM

    I would never accuse Winnipeg hockey fans of not being knowledgeable. I’m sure they’re quite aware of the intricacies of the game and I’m sure they don’t need to be told when to cheer. Hockey is in their blood up there. As far as “rightful place” goes, Winnipeg deserves a team just as Quebec City does. Down the road they’ll get their team whether it’s the Coyotes or not. The Coyotes certainly seem like a logical choice though considering not many “huge fans” exist in the desert. The interest just isn’t here. It might also help if some of the cab drivers actually knew where actually was. I ran into that problem once. I think people down here will have to get a thicker skin and not react negatively to any old comment about the team moving because it’s only a matter of time. Sorry Ben and hugefan, just being realistic. Good luck Winnipeg!

  6. SF - Jun 17, 2010 at 2:59 PM

    RF is that you?

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