PHOENIX (AP) -More documents flooded the U.S. Bankruptcy Court in Phoenix on Friday, and the head of Ice Edge insisted his bid is still alive and will viable when the bankrupt Coyotes are sold at auction next week.
Ice Edge CEO Anthony LeBlanc says he remains confident everything that needs to be done will be finalized by the time the team is sold on Thursday.
Ice Edge, a partnership of eight American and Canadian investors, was a late starter in the bidding and its bid is contingent on several factors, specifically reaching a deal on a new lease agreement with the city of Glendale.
Canadian billionaire James Balsillie is offering $212.5 million to buy the team, contingent on moving it to Hamilton, Ontario. The NHL at the last minute submitted its own bid of $140 million to buy the team, then sell it outside of bankruptcy.
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