Jun 21, 2013, 10:16 AM EST
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.
- End nearing? Lightning waive Nabokov 0
- Leafs scoring slump hits historical low 21
- Video: Rangers’ Lundqvist takes puck to the neck 10
- Zamboni driver arrested for DUI, allegedly cleaned ice surface while drunk 16
- Mike Richards trying to make the best of being sent to the AHL 13
- Price leads Habs past Caps with second straight shutout 10
- Report: Rob Blake would be Brendan Shanahan’s first choice to replace Dave Nonis 5
- Bettman would be ‘kicking and screaming’ before NHL jerseys have ads 27
- Comparing the records of all 30 teams in the last two months 61
- Lightning ride Paquette’s first hat trick to Atlantic lead 8