City of Glendale: Sale of Coyotes to Ice Edge Holdings in trouble

coyotes1.bmpThe never-ending soap opera in the desert concerning the sale of the Phoenix Coyotes continues to take awful turns for fans of hockey in Arizona. Rebekah Sanders of the Arizona Republic breaks news tonight that the City of Glendale, where the Coyotes currently reside at Arena, says that negotiations to sell the team to Ice Edge Holdings is in trouble.

A group seeking to buy the Phoenix Coyotes has not complied with terms that Glendale officials believe are required to pursue the purchase, city leaders confirm.

But Ice Edge Holdings and the National Hockey League say the deal is moving forward.

The dust-up is the latest in a series of negotiations between Glendale and at least two team bidders that have collapsed and resurfaced over a tortuous year for local hockey fans.

The group of Canadian and American investors was required to show Glendale proof of its financing last month in order to negotiate exclusively with the city and work on a detailed lease for the Coyotes to play at city-owned Arena.

At the deadline, Glendale said Ice Edge had submitted “some of the required financial information.” City officials declined public records requests for more detail.

But on Monday, city spokeswoman Julie Frisoni revealed that Ice Edge has failed to submit some of the required documents, five weeks past the deadline. She would not elaborate on the missing files.

Though the deadline for exclusivity is gone, Frisoni said, the city can still negotiate with Ice Edge.

But the clock is ticking. The tentative agreement between Glendale and Ice Edge aimed to conclude negotiations Aug. 6.

“We have a very tight timeline to make the deal,” Frisoni said.

While the deal that gave Ice Edge exclusivity in the rights to buy the team was hailed as a success, there’s been a lot of ill wind blowing around this situation all along. Think back to Jerry Reinsdorf being brought in at the NHL’s urging to help show that there was an interest by a proven owner to purchase the team. Reinsdorf was granted the same exclusivity that Ice Edge has but Reinsdorf got out of the mix to buy the team when Ice Edge stepped up.

When Ice Edge was granted the right of exclusivity, the NHL and the City of Glendale worked out an agreement to ensure that the team would stay there by ponying up $25 million if the NHL didn’t have a buyer for the team worked out by June 30th. Whoops, good bye money for the city, but hey they’ve still got a team and they’ve got a definitive future buyer in Ice Edge, right? Not so fast.

In all truth, this is just yet another apparent failing on behalf of all parties to sell this team. First it was Jerry Moyes trying to sneak out in the dark of night and hand the team over to Jim Balsillie and now it’s on the NHL to act as the kindly benefactor for the fans in Arizona and all that’s happened to this point, aside from a great season out of the Coyotes last year, is having the home town lose a ton of money and to have the future of the team staying in Glendale once again remain very much up in the air.

Ice Edge’s response to this news as well as the NHL’s likely “no comment” on the matter will follow this up soon. Ice Edge has been very honest and up front about everything all along as they’re the “people’s choice” for buying the team. Any kind of wavering in their words when discussing matters will be crushing for the fans in Glendale and Phoenix, and may once again spark hope in Winnipeg that they might soon get their team back. At the very least, there’s one guy that will be excited about that.

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    Video: Pekka Rinne’s zero-margin-of-error stick save

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    Sometimes, the Nashville Predators were unlucky in November. Sometimes they were just bad.

    Either way, they’re likely glad to step into December, and they’ve already gotten a big bounce. Watch how close this near-goal was into crossing the red line before Pekka Rinne barely stopped it with a well-placed goalie stick.

    You can also see it up close via this GIF:

    Here’s the NHL Situation Room Blog explanation for it remaining a no-goal:

    At 13:06 of the first period in the Coyotes/Predators game, the Situation Room initiated a video review to further examine a play from 11:57. Video review confirmed the call on the ice that the puck did not cross the Nashville goal line. No goal Coyotes.

    Alexei Emelin was ejected for this hit on Matt Calvert

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    Alexei Emelin has been in and out of the Montreal Canadiens lineup, but this wasn’t the way they wanted him to keep his legs fresh.

    The hard-hitting defenseman received a game misconduct and five-minute major penalty for a late hit on Columbus Blue Jackets forward Matt Calvert on Tuesday.

    So far, it sounds like Calvert may be OK.

    You can see video of that hit above, as well as a GIF of the infraction via My Regular Face.

    Many believe that Emelin should not have been ejected.

    Injuries continue to dog Lupul as Leafs place him on IR

    Joffrey Lupul
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    Injuries have been a regular problem for Joffrey Lupul for much of his time with the Toronto Maple Leafs, and it doesn’t look like that’s changing in 2015-16.

    The team placed him on injured reserve retroactive to Nov. 28, calling up Rich Clune in the process.

    This IR stint means that Lupul will miss at least three games for Toronto.

    From the sound of things, it’s a nagging issue, as notes.

    “He’s been having the same problem here for a bit,” Mike Babcock told media members on Sunday. “He doesn’t seem to be getting the power back that they thought, so we’re just trying to monitor it the best we can.”

    Leafs Nation points out that Lupul has missed about one-third of Toronto’s contests since suffering a separated shoulder in April 2012.

    At 32, there’s still time for Lupul to fight through this, although injuries generally accumulate with age.

    WATCH LIVE: Wild at Blackhawks; Penguins at Sharks

    Scott Darling, Charlie Coyle
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    Will Ryan Suter say something foolish during tonight’s game? Is Brent Burns‘ beard so long that it’s finally starting to scrape the ice?

    We’ll find out the answer to those questions and more during Tuesday’s NBCSN doubleheader.

    Need to follow the two games online? Never fear.

    Game 1: Minnesota Wild at Chicago Blackhawks


    Game 2: Pittsburgh Penguins at San Jose Sharks