Lawyers for the National Hockey League get to visit with bankruptcy court Judge Redfield T. Baum to address his concerns about the league's bid for the club. If the judge is satisfied, the hearing could clear the way for the NHL to become the club's new owner within a few weeks.
Meanwhile, NHL commissioner Gary Bettman will hold a meeting in New York with representatives of Ice Edge Holdings, a group of eight Canadian and U.S. businessmen who want to buy the club.
Bettman has indicated that once the league acquires control of the Coyotes, NHL officials will begin looking for a new owner. Ice Edge has made it clear it plans to submit an offer as soon as possible.
Yeah, but we think Reinsdorf is still a player in this as well. Daryl Jones should still keep an eye over his favorite shoulder...
Ice Edge says they now have an agreement with the City of Glendale on a lease- that was one of the stumbling blocks during the bankruptcy proceedings the first time.
The group still wants to do their Saskatoon gambit, but the NHL hasn't signed off on that yet. And they still want Wayne Gretzky involved somehow, but no one knows at the moment what that involvement will entail since he's not coaching anymore.
Public figurehead and palatial hand-waver...???
Get him one of those Wal-Mart-like vests and have him at the front door...???
Also, according to Waldie, the Coyotes have lost over US$3-million in September. The team's fiscal year loss to date is almost US$11-million.