NHL signs letter of intent to sell Coyotes

NEW YORK -- National Hockey League Deputy Commissioner Bill Daly issued the following statement today regarding the proposed sale of the Phoenix Coyotes to Ice Edge Holdings:

"The NHL and Ice Edge Holdings announced today that they have entered into a Letter of Intent to proceed in attempting to document and close a proposed transaction pursuant to which Ice Edge would purchase the Phoenix Coyotes' franchise. While much remains to be done, the NHL looks forward to working closely with Ice Edge to bring the sale to conclusion as expeditiously as possible. Ice Edge has committed to keep the Coyotes in Glendale, Arizona."

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