Ice Edge still in line for Coyotes
Ice Edge Holdings is ready to buy the Phoenix Coyotes as early as next week, and the group is vowing to keep the NHL club in Phoenix.
"One thing I will guarantee you is that we won’t move the team," Ice Edge investor Daryl Jones said yesterday. "We’ve never even contemplated that."
This Ice Edge crew has always been difficult to get a read on, and with the NHL's only option appearing to be handing them the keys — despite the lack of a "backup plan" — they very well could be joining the league's ownership club in the near future.
The NHL, for one thing, wants to sell this franchise quickly. But the major hurdle for Ice Edge could easily be those five games in Saskatoon, something the league's not keen on endorsing but that has remained a key part of the group's pitch since the beginning. Whether or not they'll budge on that — and whether or not there are other interested parties — could decide what happens in the next few weeks.
The team, meanwhile, has lost a little more than $10-million since July 1 despite spending barely over the salary floor.
In the near term, the league owns the team as of Monday, with it's $140-million purchase price being split up as so: about 60 per cent to SOF Investments, 25 per cent to the NHL, 8 per cent to other creditors and another $10-million or so which mainly goes to Jerry Moyes. Where Wayne Gretzky falls into all of this remains to be settled.
It's difficult to forecast what comes next, but I wouldn't be surprised if there are a few twists yet to come. Bill Daly does say there are several groups interested, after all.
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Saskatoon games a Foot in the(relocation) Door?
1) Not sure how anyone can look at The Ice Edge idea of playing 5 home games in Canada (Saskatoon or elsewhere) as anything more than a way to get their foot in the door of relocation without outright saying so?
2) If the NHL approves such a move its inevitable that the 5 dates will be HUGELY successful and show the stark contrast in both markets, greasing the skids for an ultimate move north?
I find sometimes it's easy to be myself
sometimes I find it's better to be somebody else
by Fauxrumors on Oct 28, 2009 9:41 AM CDT reply actions 0 recs
Actually, I like the idea. Saskatoon is never going to get an NHL franchise – they’re too small and don’t have enough corporate support, I guess – but this way they get to see live NHL hockey in their backyards.
I do think that the Saskatoon games are part of an ulterior motive beyond simple economics, but I don’t think it has anything to do with relocation. I think it has more to do about showing the NHL in hard attendance and dollar figures (i.e. beyond “slam dunk” theorizing and hearsay) that Canada needs a seventh – maybe eighth – franchise sooner rather than later. Kind of a situation of, “See, we’re saving your franchise and keeping it where you want it – but CHECK THIS OUT, Gary…”
You are validating my inherent mistrust of strangers.
by zyllyx on Oct 28, 2009 10:45 AM CDT up reply actions 0 recs
Saskatoon (or Halifax) selling out games has little to do with Winnipeg, Hamilton/GTA, or Quebec getting teams. In fact, I’m not convinced that by the second year of this happening, that the Coyotes would sell out a game versus New Jersey or Columbus or another team that has little local support. In year one, yeah the interest might be there, but unless a big team is involved I’m still not convinced these games are guaranteed sellouts. And how many games will Ice Edge want to play here where the team they are playing (Calgary, Edmonton, Montreal, Toronto, Vancouver, even teams like Detroit, Philly, etc) is getting all the fan support?
Saskatoon likes elite events, but the market is pretty fickle. Once something becomes commonplace a huge segment will lose interest.
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by saskhab on Oct 28, 2009 10:57 AM CDT up reply actions 0 recs
FYI, Ice Edge only wants to play against Canadian teams when they’re in Saskatoon – so you wouldn’t see a game vs. NJ or Columbus.
That kind of sucks for me as a hockey fan because I like seeing the Oilers, Flames, and Canucks play here, but it makes sense for IE to play Canadian teams in Saskatoon because who would care about US teams unless they’re Boston or NY or Chicago?
You are validating my inherent mistrust of strangers.
by zyllyx on Oct 28, 2009 11:03 AM CDT up reply actions 0 recs
The games they announced that would play in Saskatoon this year included a game against Nashville, and the original rumour featured a game against New Jersey (though that was scrapped). I think there might have been a St. Louis game as well IIRC. I think Edmonton, Vancouver, and Montreal were the 3 Canadian games they had scheduled.
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by saskhab on Oct 28, 2009 11:12 AM CDT up reply actions 0 recs
Didn’t Ice Edge have trouble raising financing before the first auction? Does anyone know if they have financial backing of any depth or is this (as I am willing to bet) a quick fix and once Ice Edge goes under, Bettman will shuttle the team to whoever wants to own them in KC?
The population of Pominville keeps rising!
by Blackcapricorn on Oct 28, 2009 9:52 AM CDT reply actions 0 recs
No. Ice Edge didn’t have enough time to negotiate a firm deal with Glendale although they did make significant progress (at least according to them and the city).
You are validating my inherent mistrust of strangers.
by zyllyx on Oct 28, 2009 10:46 AM CDT up reply actions 0 recs
God, the NHL is just clueless.
Don’t get me wrong, I love watching Gary Bettman make mistake after mistake, but now it’s just getting sad, really.
Nice strategy, NHL. Just find another idiot who wants to lose 20 million bucks a year. That will solve everything, I’m sure.
by HockeyinHD on Oct 28, 2009 9:55 AM CDT reply actions 0 recs
Exactly! Unless/until there is a concession from the city (and it doesn’t look likely) what has changed here?
I find sometimes it's easy to be myself
sometimes I find it's better to be somebody else
by Fauxrumors on Oct 28, 2009 10:04 AM CDT up reply actions 0 recs
Doesn’t Ice Edge already have an agreement with Glendale in place?
by Forsch31 on Oct 28, 2009 10:16 AM CDT up reply actions 0 recs
yea
they had an agreement before the bidding.
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Jibblescribbits: C'mon over and waste some time
by Jibblescribbits on Oct 28, 2009 10:17 AM CDT up reply actions 0 recs
Jerry Moyes isn’t the owner.
So, in other words, the team is going to still lose money in the near term, but unless the Ice Edge guys are the same kind of awful businessman that Moyes is the losses aren’t going to be nearly as bad.
You are validating my inherent mistrust of strangers.
by zyllyx on Oct 28, 2009 10:52 AM CDT up reply actions 0 recs
I thinkw e can all agree
that anytime you talk about the Yotes, you not use a picture of their hideous black 3rd sweaters when they have a pretty nice looking Red one.
The New Improved Avalanche. Now with Real Coaches!
Jibblescribbits: C'mon over and waste some time
by Jibblescribbits on Oct 28, 2009 10:03 AM CDT reply actions 1 recs
I like the Mutts’ 3rd a lot better than a lot of the OTHER third jerseys out there – including the new Avs’ third jersey. Blech.
You are validating my inherent mistrust of strangers.
by zyllyx on Oct 28, 2009 10:53 AM CDT up reply actions 0 recs
God. The Coyotes 3rds may be my least favorite sweater in hockey. (I say this because We haven’t actually seen a good look at the new Avs 3rds yet).
The New Improved Avalanche. Now with Real Coaches!
Jibblescribbits: C'mon over and waste some time
by Jibblescribbits on Oct 28, 2009 11:32 AM CDT up reply actions 0 recs
Really? Over the Thrashers’ NBA jerseys?
by Arenacale on Oct 28, 2009 11:54 AM CDT up reply actions 0 recs
Yes
unquestionably.
The New Improved Avalanche. Now with Real Coaches!
Jibblescribbits: C'mon over and waste some time
by Jibblescribbits on Oct 28, 2009 12:10 PM CDT up reply actions 0 recs
The only thing I don’t like about the Coyotes’ third jersey is the leaping fox they put on the chest. But, in fairness, at least it’s not a slug.
You are validating my inherent mistrust of strangers.
by zyllyx on Oct 28, 2009 12:11 PM CDT up reply actions 0 recs
Don’t remind me…

The population of Pominville keeps rising!
by Blackcapricorn on Oct 28, 2009 1:27 PM CDT up reply actions 0 recs
Us Sabres fans don’t like it either. :)
Even management has basically admitted it was a cash grab and the classic jerseys will be back full-time in the next year or two.
by Afino on Oct 28, 2009 1:43 PM CDT up reply actions 0 recs
Interesting
When push comes to shove in all of this, the man that made Bettman’s southern expansion dreams a reality, Gretzky, gets tossed aside like some sort of Ballsillie remnant.
Thanks for everything Wayne, don’t let the door hit you on your butt on the way out.
BTW, the cheque’s in the mail.
Regards
Gary B.
by Exit716 on Oct 28, 2009 10:38 AM CDT reply actions 0 recs
A couple of points:
- Gretzky didn’t make Bettman’s southern expansion dreams a reality. He made hockey in California popular because Peter Pocklington is a certifiable douchebag whose treatment of Gretzky makes the current situation pale in comparison. Bettman’s – and the BoG’s – dreams of southern expansion were spurred on by other factors.
- If Gretzky is a remnant, then he’s a Moyes remnant – not Balsillie’s.
- While I believe that Gretzky does not deserve the bashing and thrashing he’s getting, I’ll bet you forty cases of Coffee Crisp that NOT A SINGLE ONE OF YOU who are dumping all over the Coyotes for “kicking him to the curb” (even though he’s the one who resigned on his own recognizance) would want him within fifty miles of your own team’s head coaching job. In point of fact, a lot of the critics right now spent months (years, even) before the bankruptcy saying that if Gretzky was anyone else he’d have been canned long ago.
You are validating my inherent mistrust of strangers.
by zyllyx on Oct 28, 2009 10:58 AM CDT up reply actions 0 recs
Maybe this is overly pedantic, but Gretzky chased the southern dream well before Bettman came along, and the NHL chased it 25 years before Bettman arrived. You might even say Gretzky’s initial success in L.A. helped convince the BOG they needed a forward-thinking leader to make the league more like that hot young NBA thing, so they went out and got a guy from the NBA.
Sometimes I think “Bettman” is Internet shorthand for “the government,” “anything that’s wrong,” and most importantly, “all the idiots who have owned NHL teams and run the place like a country club for the past 100 years.”
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by Dominik on Oct 28, 2009 11:57 AM CDT up reply actions 1 recs
A large part of Bettman’s job has always been to take the heat for his bosses decisions.
By and large, Canadians and Americans in northern climates have been sucked right into the myth that Bettman singlehandedly changed everything. It’s right up there with the myth of the talent pool being diluted compared to 20 years ago.
by Resolute on Oct 28, 2009 6:23 PM CDT up reply actions 0 recs
Why would the NHL not proceed with its original plan involving Reinsdorf and, presumably, K-C?
They’ve spent millions, they’ve aggravated their fans in Southern Ontario, they’ve lost Gretzky, and they’ve turned the Phoenix franchise into a walking corpse. Considering what it has cost the NHL to prevent that team from moving to Southern Ontario, I think it would be shocking if they didn’t follow through with their original plan, now that there’s no one left to block it.
The NHL never appeared to take the Ice Edge offer seriously, and I think any notion that they’re seriously considering it now is merely for optics.
by FourFeetOfCurl on Oct 28, 2009 3:11 PM CDT reply actions 0 recs
Maybe because Reinsdorf isn’t interested anymore now that his backdoor dealings and his requirements to close the deal have been made public?
You are validating my inherent mistrust of strangers.
by zyllyx on Oct 28, 2009 4:31 PM CDT up reply actions 0 recs
That was just more optics. They were trying to get a judge to rule in their favor, after all.
Reinsdorf pulled out (and the NHL pulled in) because they couldn’t negotiate an escape clause with Glendale before the court-appointed deadline. That deadline no longer exists.
by FourFeetOfCurl on Oct 28, 2009 6:24 PM CDT up reply actions 0 recs
…and if you think Glendale is going to negotiate an escape clause, you’ve got another think coming – especially after the city spent millions of bucks fighting Balsillie to keep the team in town.
Plus, Reinsdorf was a reluctant white knight to begin with – he was simply a front man for the actual owners (his kid and that Kaites guy), and a “name” who would have been palatable to Glendale because of his current baseball and real estate dealings in the area. He wasn’t really in the deal because of his own interest in the club. I have very firm doubts about his continuing interest in this issue.
If the NHL is going to gift-wrap the franchise for Reinsdorf then I’m not going to buy another season ticket from the Coyotes. Who would, considering that Reinsdorf clearly intends to move the team?
You are validating my inherent mistrust of strangers.
by zyllyx on Oct 28, 2009 10:05 PM CDT up reply actions 0 recs
Who would, considering that Reinsdorf clearly intends to move the team?
Does he? I don’t recall reading this. Where’d he put them?
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by Doogie2K on Oct 28, 2009 10:10 PM CDT up reply actions 0 recs
Most likely Las Vegas – the three-year out clause he was working out with Glendale and the NHL would allow just enough time to get the arena built.
‘Course, there’s always Kansas City.
You are validating my inherent mistrust of strangers.
by zyllyx on Oct 28, 2009 11:44 PM CDT up reply actions 0 recs
Don’t count on that Vegas arena ever getting built, FYI. Every year Mayor McS-Faced walks out to some desolate site with a showgirl in one hand and and a martini in the other and claims that one is coming, but it never happens.
by yeah_eric on Oct 29, 2009 8:25 AM CDT up reply actions 0 recs
Bill Daly does say there are several groups interested, after all.
I bet there are. I’ve got $40 in my safe; can I get in on this?
SNN Sports - A theoretical Oilers blog (i.e. theoretically, I write stuff there). Link now 100% less broken.
by Doogie2K on Oct 28, 2009 10:02 PM CDT reply actions 0 recs
Ask Boots.
Blogging on hockey at fromtherink.com
by James Mirtle on Oct 28, 2009 11:09 PM CDT up reply actions 0 recs
LOL!
I find sometimes it's easy to be myself
sometimes I find it's better to be somebody else
by Fauxrumors on Oct 29, 2009 6:55 AM CDT up reply actions 0 recs
Except that I believe that Doogie really has the money he claims. Heck, I could probably cough up a couple of C-notes to become a minority owner.
by J. Michael Neal on Oct 31, 2009 11:58 AM CDT up reply actions 0 recs
I’ve got a couple K in the bank, I’ll go in with you.
The New Improved Avalanche. Now with Real Coaches!
Jibblescribbits: C'mon over and waste some time
by Jibblescribbits on Oct 29, 2009 8:06 PM CDT up reply actions 0 recs
Okay, then you’ll be the money guy, and I’ll talk to the media. My cousin’s an accountant, I’m sure I could convince her to get involved. This is gonna be beautiful.
SNN Sports - A theoretical Oilers blog (i.e. theoretically, I write stuff there). Link now 100% less broken.
by Doogie2K on Oct 30, 2009 11:53 PM CDT up reply actions 0 recs
What, my mad accounting skillz aren’t good enough?
Of course, that would make me a general partner, and I’m not sure I want the liability.
by J. Michael Neal on Oct 31, 2009 11:59 AM CDT up reply actions 0 recs
Plus, my cousin probably comes cheaper than you do. Fewer years of experience, family discount…you know how it is.
SNN Sports - A theoretical Oilers blog (i.e. theoretically, I write stuff there). Link now 100% less broken.
by Doogie2K on Oct 31, 2009 3:29 PM CDT up reply actions 0 recs

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