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Phoenix Coyotes

Potential Phoenix Coyotes Owners In A “Holding” Pattern?

Phoenix CoyotesIce Edge Holdings or Ice Edge Group, or whatever they are calling themselves, seemed very eager before the holidays to buy the NHL owned Coyotes. When Todd Walsh interviewed Anthony LeBlanc, CEO of the group of Canadian businessman, it was all excitement and fervor to get the team under their ownership. Letters of intent were filed, the NHL gave their blessing and then…cue the crickets chirping. For the last month all has been quiet.

Seen as the answer to many a Phoenix Coyote fan the group has seemingly gone MIA. Has the NHL gone sour on the idea? My opinion from the beginning has been that their motives seem a little sketchy.  With the let’s-play-some-games-in-Canada approach to the ownership, it appeared as a badly veiled plot to move the team north. Quoting one of my favorite movies from the 80’s “something stinks in suburbia” Or is it that the NHL has seen the potential of the team and have decided to hold out for a better offer?
 
Whatever the reason, it’s interesting that there has been no news and we are well past the halfway point in the season. Sitting in a respectable 5th position and tied in points with the Nashville Predators, the Coyotes could make it to the playoffs and finally get some of the respect they deserve. A lot can happen in the next few months, however I remain cautiously optimistic. 
 
Time will tell on the sale and the playoffs but until then..Go Yotes!
 
Let’s Puck! 

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Discussion

4 comments for “Potential Phoenix Coyotes Owners In A “Holding” Pattern?”

  1. Its not public knowledge anymore we won’t hear anything until after the deal is finalized. They have been at almost every coyotes home games and a majority of road games they are still very much there. You need to get some insiders before writing articles like this

    Posted by jon michaelsNo Gravatar | January 18, 2010, 2:27 pm
  2. This was an article born out of curiosity on why we haven’t heard anything in the news. Prior to the holidays there was a huge spotlight on the situation yet lately it’s been very quiet. Most fans like myself are not privileged enough to get the “insiders” as you call them and it’s certainly not unusual for any of them including myself to question what is going on. Thank you for the comment.

    Posted by PuckGalNo Gravatar | January 18, 2010, 2:50 pm
  3. I heard that the judge’s decision changed everything. The judge in the bankruptcy decision basically ruled that a league has the right to determine where its teams play. The interesting thing about that was the judge was a bankruptcy judge and that kind of decision was really outside of his scope. The other sports leagues were apparently very interested in the outcome because of the implications. Now that the precedent has been set, any new owners for the team with the idea of moving them has to account for the financial impact of the legal battle.

    Posted by sharksfanNo Gravatar | January 19, 2010, 9:57 am
  4. Yes, the sports world definitely had its eye on the situation and even though Judge Baum was out of his scope (in my opinion) it was a positive ruling on the Coyotes behalf. Glendale is also making things trickier for a move with the lease that is in place.

    Posted by PuckGalNo Gravatar | January 19, 2010, 9:54 pm

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