NHL

NHL, Glendale agree to deal to cover costs for Coyotes

{eot}
Darren Dreger
5/22/2010 1:25:29 PM
Decrease Text SizeIncrease Text Size
Text Size

The National Hockey League and the city of Glendale have reached an agreement that will ensure the city covers any operating costs up to $25 million for the 2010-2011 season.

There is a clause in the agreement that allows the NHL to seek outside interest after December 31. The league isn't forced to look outside after that date but it gives the NHL the flexibility to do so.

Sources say Glendale city officials also talked with representatives from Ice Edge Holdings on Friday, however, according to source, Ice Edge remains reluctant to engage in further discussions with the city without exclusivity.

The group in Winnipeg with interest in the Coyotes remains hopeful relocation will again be considered and believes progress was made in the quest to return an NHL franchise to this city.

Jobing.com Arena (Photo: Christian Petersen/Getty Images)

zoom

(Photo: Christian Petersen/Getty Images)
Share This

Share This

Add to FacebookAdd to DiggAdd to FarkAdd to TwitterAdd to Stumble UponAdd to Reddit
Print this Story


TSN TweetBox
© 2014
All rights reserved.
Bell Media Television