((HT: Arizona Republic/Sanders))
Talks between the City of Glendale, Arizona and Ice Edge Holdings, one of the groups interested in purchasing the Phoenix Coyotes, broke down late Monday afternoon- according to Grant Woods, Ice Edge's legal counsel. Ice Edge chief operating officer Daryl Jones told the Winnipeg Free Press Monday night that talks have broken off because Ice Edge didn't get an exclusivity agreement with Glendale, which the group required to continue negotiations.
Gary Lawless caught up with Jones: "We were adamant about needing exclusivity in these negotiations and they haven't provided it. I'm not totally surprised. We've been dealing with this for a while. We thought we had agreed to certain things and expected them in writing. That didn't materialize."
Ice Edge had previously said it expected Monday to finalize an exclusivity agreement for its negotiations with the city over a lease at Jobing.com Arena
The Glendale City Council is supposed to address at their next meeting Tuesday evening the idea of entering into an agreement that would guarantee to the NHL that the city would cover the team's operating deficits for the 2010-11 season if a permanent buyer is not found.
Good luck with that idea... especially if the whole Reinsdorf idea didn't work in the beginning- which led to the return of Ice Edge to the negotiating table.
The agenda for the evening can be found here...
Bruce Haffner was outside the arena for a live shot to explain the mess...
((HT: Azfamily.com/KTVK-TV))
Watch Glendale Channel 11 here for the meeting, scheduled for 11PM EST
INTERESTING SIDEBAR: Jerry Moyes has won round one in the battle over his lawsuit with the NHL. David Shoalts, in his Globe and Mail piece,says that US District Judge P. Kevin Castel ordered that the case be heard by the US District Court in Arizona because “the convenience of witnesses, the likely location of relevant documents … the convenience of parties … and the availability of witnesses associated with the bankruptcy proceedings all favor transfer.”
The case could even go in front of Judge Redfield Baum- the judge who oversaw the Jim Balsillie case last summer. The league is chasing, roughly, US$70-million from Moyes over funds the NHL used to cover the team's operating expenses, losses, and legal fees from the court case...
PM UPDATE: From Bob Baum with AP and GlobeSports...
Talks between Ice Edge Holdings and the city of Glendale on a new lease agreement for the Phoenix Coyotes are not dead but “probably more like taking a nap.”
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