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And Then There Were Two
by Paul on 09/08/09 at 08:12 PM ET
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from the CP at TSN,
The Phoenix Coyotes appear to have one less potential buyer.
Ice Edge Holdings, a group made up of Canadian and American businessmen, no longer intends to participate in Thursday’s auction for the bankrupt NHL team, according to a court filing Tuesday from NHL Commissioner Gary Bettman.
Ice Edge had initially said it would spend up to US$150 million to buy the team and keep it in Arizona, provided the group could work out a new lease arrangement with the city of Glendale.
If Ice Edge does not submit a bid, the field of buyers would narrow to Canadian billionaire Jim Balsillie and the NHL.
Filed in: NHL Teams, Phoenix Coyotes | KK Hockey | Permalink
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