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bankruptcy

Gretzky Absent as Coyotes Training Camp Opens

Coyotes logoOne of the main questions coming out of Friday’s bankruptcy proceedings was whether or not Phoenix Coyotes Head Coach Wayne Gretzky would be on hand for the opening of training camp today. The answer is “no.”

Both Coyotes owner (former owner?) Jerry Moyes and President Doug Moss said Friday that Gretzky would be at Jobing.com Arena when training camp opened but that apparently is not the case.

A Coyotes spokesman said Gretzky’s contractual situation with the team remains unclear because of the bankruptcy proceedings. Assist coach Ulf Samuelsson will run the training camp on a interim basis. Samuelsson has been rumored as Gretzky’s replacement if he does not continue as head coach.

The Coyotes play their first pre-season game Tuesday at home against the Los Angeles Kings.

During a hearing in court Friday a lawyer for the NHL said that Gretzky was involved in “delicate negotiations” over his contract.

Official Ice Edge Comment on Coyotes Bid Withdrawl

In the last ten weeks, Ice Edge Holdings has been able to secure financing for its offer, come to terms with key creditors, and put together what we feel is the strongest proposal for the Phoenix
Coyotes.

Our proposal would build on the strengths of the team and would make it a great brand throughout the Southwestern United States. We even were able to add some unique Canadian twists.

Unfortunately, despite the best intentions on both the part of Ice Edge
Holdings and the City of Glendale, we have been unable to finalize the details of the amended lease for the Jobing.com Arena in time for Thursday’s Phoenix Coyotes’ auction.

As such, Ice Edge Holdings will be withdrawing our bid for the Phoenix Coyotes at this time.

We continue to strongly believe in the potential of the Phoenix Coyotes for the long term in Glendale, and therefore we will be examining our options after the conclusion of the bankruptcy auction process.

Finally, we would like to thank the Coyotes fans in the Valley for their
overwhelming support of our offer.

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