Jun 21, 2013, 10:16 AM EDT
It looks like the ongoing saga to find an owner for the Phoenix Coyotes might not be resolved in the near future, based on a report from Sportsnet’s Nick Kypreos.
The City of Glendale isn’t likely to meet Renaissance Sports and Entertainment — the prospective owner of the Coyotes — request for $15 million to manage Jobing.com Arena and help secure a $125 million loan. The Council reportedly doesn’t have confidence in the team because of the level of debt they already have.
So will the franchise move to Seattle? Maybe, but it might not happen soon.
Despite reports that the league has a plan ready to move the team to Seattle and the city Mayor’s assertion that KeyArena could support an NHL team, Kypreos doesn’t believe the city is an immediate option.
— Nick Kypreos (@RealKyper) June 21, 2013
Of course, nothing is official yet. And…
The Council is scheduled to hold a closed-door meeting today.
- Tough times in Tampa: Garrison out 3-4 weeks after ‘pretty dirty’ Abdelkader hit 2
- Playoff watch — what the bubble teams need to do 6
- NHL on NBCSN: Stakes high for Kings, ‘Hawks tonight 14
- Blackhawks’ Sharp: ‘We knew we had to get two points’ 12
- Video: Brian Engblom takes a puck to the head 13
- Flames jump back into third in Pacific, beat Preds 6
- Letang concussed, Penguins will dress five defensemen 18
- NHL on NBCSN: Sharks desperate for wins, Penguins seek definitive end to slump 7
- Video: Bolts lose Garrison, Paquette in loss to Wings 4
- Bruins ruin Lundqvist’s return 28