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 Jobing.com 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 Jobing.com 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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    Yeo was ‘disappointed’ to see Hoppy the rabbit holding a ‘YEO MUST GO’ sign

    Minnesota Wild head coach Mike Yeo argues a call in the second period of an NHL hockey game against the Nashville Predators Tuesday, March 17, 2015, in Nashville, Tenn. (AP Photo/Mark Humphrey)
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    Thing have gone from bad to weird in Minnesota, where embattled Wild coach Mike Yeo was “disappointed” to see Zenon Konopka’s rabbit holding a sign that read, “YEO MUST GO.”

    Hey, we told you things had gotten weird.

    Konopka, a former Wild player, took to Twitter last night after Minnesota’s latest loss.

    Here’s what Konopka tweeted:

    And what did Yeo think about that?

    “I really don’t care what he says,” he told the Star Tribune, apparently adding with a laugh, “I will say I was very disappointed to see Hoppy holding that sign.”

    Now, according to the newspaper’s Michael Russo, “Konopka and Yeo had a lot of issues behind the scenes and that’s why [Konopka] ended up on waivers two Januarys ago.”

    Still, that doesn’t change the fact that a lot of Wild fans agree with Hoppy, er, Konopka, and it doesn’t change the fact that the Wild could really, really use a win tomorrow at home to Washington.

    Video: Anisimov, Niskanen, McDavid star in Goals of the Week

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    Nice work from Artem Anisimov and Matt Niskanen this week, but Connor McDavid‘s tally is on a different level.

    You can pretty much bank on McDavid being in Goals of the Year, too. Just saying.

    Oilers demote Nilsson, recall AHL standout Brossoit

    Edmonton Oilers goalie Anders Nilsson, of Sweden, makes pad save against the Colorado Avalanche during the first period of an NHL hockey game Saturday, Dec. 19, 2015, in Denver. (AP Photo/David Zalubowski)
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    Laurent Brossoit is getting another crack at the NHL.

    On Wednesday, the Oilers announced they demoted Anders Nilsson — who, earlier this year, was carrying the starting gig in Edmonton — and recalled Brossoit from AHL Bakersfield.

    Brossoit, 22, is an interesting story. Taken in the sixth round of the 2011 draft (164th overall), he’s really made strides over the last year. He made his big-league debut at the end of last season and performed extremely well, making 49 saves on 51 shots in a loss to San Jose.

    This year, Brossoit was named an AHL All-Star. He’s posted a 14-8-3 record for the Condors thus far, with a 2.70 GAA and .921 save percentage.

    As for Nilsson, his demotion comes after losing the starting gig to Cam Talbot. Nilsson has also struggled to find the good form shown in November, when he made 10 starts and posted a .915 save percentage.

    In his last outing, the lanky Swede allowed three goals on 10 shots in an embarrassing 8-1 loss to the Isles.

    Should the Bruins be sellers at the deadline?

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    Not surprisingly, last night’s 9-2 loss to Milan Lucic and the Kings garnered no shortage of opinions on the state of the Boston Bruins.

    For example, here’s CSN New England’s Joe Haggerty:

    …the Bruins no longer have the kind of roster that can hold up in a ground-and-pound battle against the best of the West. Their 5-9-3 record against the Western Conference this season is clearly indicative of that. Julien pointed that out on Tuesday after watching his team get shellacked by the Kings and the point is valid: it’s probably time for the Bruins organization, the fans, the media and those around the league to wrap their minds around the concept that this season’s Bruins team can’t be held to the standard of past B’s teams.

    They’re younger and quicker in some spots, but they’re also nowhere near as good.

    And here’s ESPN’s Scott Burnside:

    Yes, Boston owns a wild card spot as of Wednesday morning, but is anyone confident this is a team that can stay there, or make a dent if they get in?

    WEEI’s DJ Bean had some thoughts:

    Ultimately, the Bruins won’t need to worry about their record against good Western Conference teams because they sure as heck won’t be meeting them in the playoffs this season. Still, games like Tuesday against the Kings and the pre-break finale against the Ducks provide a nice reminder that despite hanging around in the East, the Bruins’ days of dominant play are well behind them. Given that they haven’t developed many young players and their core is only aging, that next wave of greatness could be pretty far away. 

    And so too did NESN’s Jack Edwards, who opined during last night’s broadcast, “There has been a talent drain in Boston.”

    Edwards was referring (again) to the once-vaunted Bruins defense that has struggled to replace Johnny Boychuk and Dougie Hamilton. Further complicating matters, at 38, Zdeno Chara is the third-oldest defenseman in the league.

    Now, granted, it was only one game. Sometimes, a team just lays an egg. The Bruins are still in a good spot to make the playoffs.

    That being said, even if they hadn’t lost so badly last night, the pressing question for the B’s would still be what GM Don Sweeney plans to do ahead of the Feb. 29 trade deadline.

    Take winger Loui Eriksson, a 30-year-old pending unrestricted free agent who’s enjoying a fine season with 16 goals and 24 assists. He could net the Bruins a nice return.

    True, losing Eriksson for picks and/or prospects would make the Bruins weaker in the short term. But with that defense, the reality is that the short term may not be salvageable anyway.

    Related: Kevan Miller is not the problem for Bruins, but he does illustrate the problem