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Reinsdorf out, NHL in as possible buyer of Coyotes

NHL.com @NHL

PHOENIX (AP) -A group headed by Jerry Reinsdorf has pulled out of the possible purchase of the Phoenix Coyotes just as the NHL filed a bid in U.S. Bankruptcy Court to buy the team and keep it in Arizona.

Reinsdorf's group said it was unable to meet Tuesday's court deadline for submitting a firm offer.

The group, in a statement, complained of an "unwilling seller" and "an organized publicity effort designed to provide negative and misleading information to interested parties."

The Reinsdorf group also said it had not been able to reach an agreement with the city of Glendale on an acceptable lease deal to play in Jobing.com Arena.

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