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.
- Weber’s shot leaves Sens’ Ceci, Anderson reeling 3
- Gillis pleads his case: ‘We are enduring a challenging period’ 17
- Nolan gets a game for punching ‘unsuspecting’ Joensuu 24
- It doesn’t sound like 3-on-3 overtime is going to be a thing 36
- Blues finish night on top of NHL standings after shootout win 15
- Kings’ Nolan gets double-minor for punching Oilers’ Joensuu 54
- Extended overtime likely to be on agenda in GMs’ March meeting 42
- Lundqvist shuts out Red Wings to claim 300th victory 11
- NHL on NBCSN: Hawks know they can’t take Sabres lightly 11
- NHL on NBC: Red Wings, Rangers fight to cling onto playoff spots 2
- Canucks trade Luongo to Panthers (93)
- BLOCKBUSTER: Lightning trade St. Louis to Rangers for Callahan (82)
- Kings make splash, acquire Gaborik from Columbus (72)
- Steve Moore remains shocked, disgusted about Todd Bertuzzi attack (68)
- Report: Flyers table ‘substantial offer’ for Kesler, also inquiring about Edler (59)