Ice Edge: Still Hunting Phoenix Coyotes

Ice Edge Holdings just released an open letter to Coyotes fans, including this fairly definitive statement (take it for what you will):

We are happy to report that regardless of reports to the contrary, there have been no material changes in the process to date. As we stated from the outset, we fully expected the transaction to take upwards of six months, similar to other recent transactions for other NHL franchises. Ice Edge Holdings continues to work very closely with the City of Glendale and the NHL towards finalizing a lease that will be appropriate for all parties.

The execution of a revised lease is the key outstanding issue, and once completed will allow the transaction to move towards closing. We are neither behind nor ahead of our expected timelines.

For more, check out the reaction at Five For Howling.