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AP Source: Ice Edge talks not dead, 'taking a nap'

NHL.com @NHL

PHOENIX (AP) -A person with knowledge of the situation says talks between Ice Edge Holdings and the city of Glendale on a new lease agreement for the Phoenix Coyotes are not dead but "probably more like taking a nap."

The person, who asked for anonymity because of the private nature of the situation, said the city was focusing on talks with the NHL over the league's request for cash, probably $20 million to $25 million, to cover next season's operating losses while sale of the team is completed.

Ice Edge, a group of Canadian and U.S. investors, apparently is the last hope for finding a buyer for the Coyotes that would keep the team in Arizona.

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