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Round 3
Stanley Cup Final

Ice Edge signs memorandum of understanding

Friday, 04.09.2010 / 4:31 PM / News

Associated Press

PHOENIX (AP) -The head of Ice Edge Holdings says the company has signed a memorandum of understanding on a new lease with the city of Glendale that could pave the way for a purchase of the Phoenix Coyotes.

The city council is to vote on the proposal next Tuesday. Chief executive officer Anthony LeBlanc calls it a first step and says there is much work still to be done to secure a final lease agreement.

There was no immediate word whether a second group interested in the team, headed by Chicago sports mogul Jerry Reinsdorf, has reached a similar agreement.

The NHL bought the Coyotes out of bankruptcy last year and is trying to find a buyer that would keep the team in Glendale.

Quote of the Day

That was something I've been dreaming of, something I've told myself before the third period I was going to do ... It was an amazing feeling. It's hard to describe. I didn't believe it went in at first but when I saw all the reaction and all the fans going crazy and my teammates going crazy, it's just an unbelievable feeling. I didn't know what to do. I didn't know whether to jump or just skate and do a Theo Fleury. I don't think I'm the same caliber player he is so I couldn't do it.

— Flames forward Mikael Backlund on scoring the overtime winner against the Ducks in Gm. 3