PHOENIX (AP) -Ice Edge Holdings has formally pulled out of the bidding for the bankrupt Phoenix Coyotes but hinted it may try to buy the team later.
The partnership issued a statement on Wednesday that it was withdrawing because of the inability to reach a new lease agreement with the city of Glendale.
That is the same reason given by a group headed by Chicago sports mogul Jerry Reinsdorf when it pulled out last week.
The Ice Edge departure leaves the NHL and Canadian billionaire James Balsillie as the only bidders for the franchise, which is to be sold at auction on Thursday and Friday. Balsillie’s bid is contingent on moving the team to Hamilton, Ontario.
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