Glendale Looking Around Again...?

Multiple outlets are reporting that the City of Glendale and Ice Edge Holdings, the Canadian-American business group given the okey-dokey to buy the Phoenix Coyotes from the National Hockey League, haven't swapped the proper documentation to assuage the city's fears on their financing.

Oh, "assuage?" Look it up...

James Mirtle, from the Globe and Mail, had this in a recent article...

"One source told me last week that Ice Edge's bid had been "dead" for weeks and that commissioner Gary Bettman has brought Reinsdorf – long the NHL's choice in this mess – back into the mix."

Remember, Reinsdorf's bid was the other one shot down. He wanted his bid heavily leveraged with city help with an outclause. Ice Edge's has been traditionally shaky. Word has constantly been that once Ice Edge got the bid, then the financing would materialize.

Apparently, it hasn't... at least to city of Glendale satisfaction...

John Shannon of Rogers Sportsnet, relayed the following in a recent article...
"...a City representative did say they stood by comments made last week that Ice Edge was having difficulty proving they had enough financial backing to purchase the club.

On a related topic, another source close to the team said that only 1,800 season tickets have been sold for the 2010-11 season. A disappointing number considering the team's on-ice performance last season."

Rebekah Sanders, from the Arizona Republic, caught up with new team president Mike Nealy on the issue:"There are others out there that are viable... but they like to stay quieter."

Looks like Ice Edge is in trouble... again...

1,800 season tickets...???
Yikes... Coyotes spokesperson Sergey Kocharov disputed the number to Sanders...

But all this dies lend itself to the question... again...

With the Goldwater Instititute hanging over the City of Glendale government, is thee city still going to chase after the idea of biting that $25-million price tag for the one year, or succumb to Reinsdorf after all...???

The HQ's money is still on heading to Winnipeg with True North, who has been their normally-silent selves in all of this...

More when we know more...