Tag: Ice Arizona

Los Angeles Kings v Phoenix Coyotes - Game Two

Latest bid to stop Coyotes sale fails again


There’s not much left to do in Glendale to keep the Coyotes there.

Glendale resident Ken Jones and his group of citizens failed, for the third time, to get enough signatures to bring the Coyotes deal to a vote. As Caitlin McGlade of the Arizona Republic hears it from Jones, he felt he was trying to save the city from itself.

“We did not want Glendale to become a miniature Detroit,” Jones said, adding the job was “just too big” for the volunteers.

“They are better citizens than those that did nothing. Shame on those who stood silently by like sheep,” he said.

Jones and his group had to amass 7,000 signatures to bring the Coyotes deal to a city-wide vote but he says he only got three-fourths that amount.

His reference to Detroit is due to that city declaring bankruptcy recently. Of course, Detroit also approved finances to build a new arena for the Detroit Red Wings so maybe the parallels are already a bit too strong.

With this latest effort to block the sale now over with, it’s up to the Ice Arizona group to complete the sale and for the NHL Board of Governors to approve it. The potential ownership group has until Monday, August 5 to complete the sale.

Report: New Coyotes buyers’ finances being questioned

Phoenix Coyotes v Anaheim Ducks

It’s never not interesting off the ice for the Phoenix Coyotes.

Mike Sunnucks of the Phoenix Business Journal reports that some financing for the deal to sell the team to Renaissance Sports and Entertainment (aka: Ice Arizona) has fallen through.

Sunnucks cites two sources close to the situation who say funding has either not been finalized or has been dropped completely from the deal. The group has until August 5 to finalize the purchase.

One member of Ice Arizona is hedgefund investor Daryl Jones and he responded to Sunnucks’ story on Twitter to set the story straight in his own way.

Craig Morgan of Fox Sports Arizona backs up what Jones said reporting that the deal is still on track to be completed by Monday’s deadline. It was reported over the weekend that the NHL Board of Governors would approve the sale this week although that’s yet to happen.