BREAKING NEWS: Reinsdorf Bid Dead, Coyotes Moving...???

((HT: Fan590 Toronto))

According to our friends at the Fan Radio Network, the Jerry Reinsdorf-led ((and supposedly agreed to)) bid with the City of Glendale may be in the toilet...

Considering how much money Reinsdorf was ((or, to be more accurate, wasn't)) laying out for the Coyotes, his bid is now dead in the desert...

KPNX-TV News12's Brahm Resnik, via his Twitter page, relays that one of the big issues for Glendale and the Reinsdorf bid was the dollars that were to be received from the proposed "facilities district plan."

In an article written by FOSG Scott Burnside for ESPN.com, the City of Glendale is now back dealing with Ice Edge Holdings- the group they told recently to perch and rotate in favor of Reinsdorf.

Ice Edge CEO Anthony LeBlanc confirmed to Burnside that the two sides had met in the past week and are trying to put a deal together.

This brings Canada back into the fray on a number of levels...

1) Remember Ice Edge's gambit on playing games in Saskatoon to try and improve their bottom line...? That's back in play...

2) The NHL is going to put some conditions on the Ice Edge bid- considering how shaky their financing was in the first place, including guarantees that the City of Glendale would back team financial losses for 2010-2011.

The timing, according to Burnside, varies on the source and the confirmation but conventional wisdom is leaning toward the end of the week for the NHL to be happy with Glendale.

3) If the deal falls through with Ice Edge, the NHL, and Glendale, Burnside reports that there is an agreement in place with David Thomson and/or Mark Chipman to bring the Coyotes back to Winnipeg...

Again...

4) That would put the AHL's Manitoba Moose in flux, but it would give the MTS Centre a good problem- unless they thought they could juggle two hockey tenants and 90 home dates. As a consolation prize, Ice Edge could end up with the Moose and move them to Thunder Bay, Ontario- the hometown of some of the Ice Edge guys...

Which takes us back to this, the day the Jets were put up for sale...
TSN's Michael Landsberg, when he had more hair, was on the anchor desk...
((HT: TSN/JHendrix70))