Ice Edge offers proof to Glendale
PHOENIX -- Ice Edge Holdings says it has provided the city of Glendale proof that it has the financing to complete the purchase of the Phoenix Coyotes.
As part of a city council decision June 8, Ice Edge had to provide the financial documents within 10 days. Bank funding is part of Ice Edge's bid to purchase the NHL team. The group of Canadian and U.S. investors would keep the Coyotes in Glendale but needs a new lease with the city.
Ice Edge also said it met with NHL officials in New York this week to outline the company's plan. It says the league is committed to work toward a purchase agreement to keep the team in Glendale.
Copyright 2010 by The Associated Press
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