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DREGER: SALE OF COYOTES TO REINSDORF IN JEOPARDY

Posted By Shane Hoopfer On May 7 2010 @ 12:04 am In Phoenix Coyotes | 14 Comments

You know it brings a little joy to my heart to know I’m not completely insane. This is directly from Darren Dreger via TSN.ca

The sale of the Phoenix Coyotes to Jerry Reinsdorf is in jeopardy.

Sources tell TSN the city of Glendale has asked Ice Edge Holdings to return to the bargaining table as a back up plan to buy the Coyotes, in the event the deal with Reinsdorf falls through.

Sources say Glendale reached out to Ice Edge late last week amid growing concern Reinsdorf’s accepted bid to purchase the Coyotes from the National Hockey League is at risk of falling apart.

At this point Ice Edge and city officials have had nothing more than initial discussions, which are expected to continue on Friday, and there is no guarantee Ice Edge will be willing to fully engage in a negotiation to buy the Coyotes, however at this stage, it’s believed the Ice Edge group is willing to listen.

Last month, the city of Glendale voted unanimously (6-0) in favor of Jerry Reinsdorf’s proposal and voted 5-1 against a bid submitted by Ice Edge Holdings.

Recently, Ice Edge representatives also met with NHL commissioner Gary Bettman and deputy commissioner Bill Daly to review the Phoenix sales process and to also reiterate their continued interest in buying an NHL franchise.

Have a good one!

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