Ice Edge breaks off talks with GlendalePosted: Updated:
GLENDALE -- Ice Edge Holdings' plans to purchase the Phoenix Coyotes appear to be in trouble.
Ice Edge chief operating officer Daryl Jones told the Winnipeg Free Press late Monday night that talks have broken off. Ice Edge didn't get an exclusivity agreement with Glendale, which the group required to continue negotiations. The city had been given a Monday deadline to grant Ice Edge exclusivity.
Glendale resumed negotiations with Ice Edge, a group of Canadian and American businessmen, for a lease at the Jobing.com arena last week after a deal with Chicago sports mogul Jerry Reinsdorf fell though.
Last month, the city of Glendale voted unanimously (6-0) in favor of Reinsdorf's proposal to buy the struggling Coyotes and voted 5-1 against Ice Edge's bid.
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