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CITY OF GLENDALE RECEIVES TWO OFFERS TO PURCHASE COYOTES

Friday, 04.09.2010 / 7:18 PM / News
Arizona Coyotes
FOR IMMEDIATE RELEASE
April 9, 2010


GLENDALE, Ariz.--- The city of Glendale has received two Memorandums of Understanding (MOU) to purchase the National Hockey League’s (NHL) Coyotes team and to keep the team playing in the Glendale-owned Jobing.com Arena, the team’s home since 2003.

The MOUs are available for the public to view at www.glendaleaz.com. In addition, a public meeting will be held Tuesday, April 13, at 7 p.m. in the Glendale Council Chambers at 5850 W. Glendale Ave. During the meeting, the proposed agreements will be voted upon by the Glendale City Council. These MOUs will allow the groups to continue discussions with the NHL regarding the purchase of the team.

The two potential owners are:
Glendale Hockey, a group led by Jerry Reinsdorf, owner of the MLB Chicago White Sox and NBA Chicago Bulls

Ice Edge Holdings, a group of Canadian and American investors Glendale remains committed to ensuring the citizens’ and stakeholders’ best interests are at the forefront of any negotiations.

Statement from the City of Glendale.
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