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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    The West’s next round is now set (and wide-open)

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    Saturday was a great day for fans of brevity and revenge.

    Three of a possible three series ended on this day, with the Rangers dispatching the Canadiens, the Blues eliminating the “better” Wild, and the Oilers knocking off the Sharks in six.

    The Rangers await either the Bruins or Senators and the Penguins face the winner of the Leafs – Capitals series out East, but we now know how the West shakes out.

    St. Louis Blues vs. Nashville Predators

    Both teams provided some of the upsets of this young postseason. Each features a red-hot goalie in Jake Allen and Pekka Rinne. Interesting.

    Anaheim Ducks vs. Edmonton Oilers

    There will be a lot of orange. We may also see a ton of goals with Ryan Getzlaf on fire, Oscar Klefbom headlining the list of unhealthy players and Connor McDavid possibly able to really take off against a Ducks defense that is beat up in its own right.

    It’s already been a strange season out West, with the Kings missing the playoffs and first-round exits for the Sharks and Blackhawks. Get ready – and giddy – for things to get even weirder as the postseason goes along.

    Oilers win first series since 2006 after Sharks fall crossbar short of overtime

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    After making the playoffs for the first time since 2006, the Edmonton Oilers weren’t just “happy to be there.” They confirmed as much by eliminating the San Jose Sharks with a 3-1 victory in Game 6, winning the series 4-2.

    Yes, those young Oilers just eliminated the team that represented the West in the 2016 Stanley Cup Final. Wow.

    Ultimately, winning the breakaway battle in the second period indeed made the difference. Leon Draisaitl and Anton Slepyshev scored on their chances in the middle frame while Patrick Marleau could not; Slepyshev’s 2-0 goal ultimately became the series-clincher.

    Now, that’s not to say that Marleau was a drag on San Jose. If this is it for one of the faces of the franchise, he had a great 2016-17, including generating the Sharks’ final goal of the postseason.

    The Shark Tank was alive after Marleau reduced the Oilers’ lead to 2-1, and more than a few blood pressures rose – both in Edmonton and San Jose – after the Sharks got this close to tying things up.

    Wow.

    With this result, the West is set. The St. Louis Blues will take on the Nashville Predators while the Oilers face the Anaheim Ducks.

    As much as people try to put the training wheels on Connor McDavid & Co., the West is wide-open enough that it’s not so outrageous to imagine a big run for Edmonton.

    Beating the Sharks is a pretty nice way of adding an exclamation point to that statement win. And hey … they beat the Sharks last time around, too.

    Canadiens sound a lot like Wild after playoff exit (without ‘better team’ talk)

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    Much like the Minnesota Wild earlier on Saturday, the Montreal Canadiens are stunned to approach the golf courses so rapidly.

    Many of the responses after the New York Rangers eliminated them in Game 6 sound a lot like what the Wild uttered, though there’s no potential bulletin board material like Bruce Boudreau’s line about the better team failing to win four games.

    Max Pacioretty viewed this early exit as a “missed opportunity” and never really believed that an elimination was coming.

    Claude Julien provided parallel comments to Bruce Boudreau, believing that Montreal generated chances but lacked “finish.”

    Brendan Gallagher? He worries that this might have been the Canadiens’ best chance, something the Wild must also worry about with a difficult offseason ahead.

    Now, it’s likely that most teams speak about being shocked and expecting better after being booted from the postseason.

    Still, these reactions do shine a light on the staggering nature of some of these exits. Will the likes of the Blackhawks, Canadiens and Wild struggle to be in such prime positions in the future? With the Sharks needing a comeback against the Oilers, could the trend continue on Saturday?

    The bottom line is that, instead of preparing for a Game 7 after winning the Atlantic Division, the Canadiens are packing up their stuff and worrying about re-signing Carey Price. That’s a pretty stunning turnaround, regardless of the soundbytes available.

    Video: Draisaitl, Slepyshev score on breakaways, Talbot spurns Marleau

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    Some playoff games or even series come down to something as stupidly simple as one team taking advantage of their opportunities while the other fails to capitalize on chances.

    If Game 6 of the Oilers – Sharks series follows the story of the second period, then San Jose may join Saturday’s stream of eliminated teams.

    It’s not fair to boil it down to three breakaways, but some might feel that way.

    Leon Draisaitl looked like a gritty, strong veteran during his first career playoff goal, bulling his way to the net for 1-0 breakaway tally. About a minute later, Anton Slepyshev was even more alone against Martin Jones, and he scored his first postseason goal to make it 2-0.

    That stings for the Sharks, and it doesn’t help that they had a similar chance not long after. This time around, Patrick Marleau couldn’t beat Cam Talbot, so it remained 2-0 for Edmonton.

    That’s the same score as the game enters the third period, even with some dangerous late chances for the Sharks.

    If the Sharks don’t score at least two goals in the third, their push to return to the Stanley Cup Final could end in the first round.