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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

Because of the way they play and their skill set I don't think they're fourth-line players, so in my mind I'm looking at one of those guys I'll have to move over to the wing.

— Capitals coach Barry Trotz on his four-player battle for second-line center