This is not good for Winnipeg

This is not good for the city of Winnipeg, Manitoba. This also clarifies the rumor that a professional hockey team is coming to Thunder Bay, Ontario soon. It's time to get a deal in place in Phoenix or move on. Personally, I still think there will eventually be another NHL team in Winnipeg in 2-5 years.

Phoenix Business Journal ---
A mystery buyer has stepped to the forefront in efforts by the National Hockey League and city of Glendale to sell the Phoenix Coyotes to a new owner who will keep the team in Arizona.

An undisclosed wealthy buyer is leading a new ownership group that is interested in buying the Coyotes from the NHL. The league has owned the team since October when it bought the Coyotes via Chapter 11 bankruptcy proceedings.

Details of the new ownership group are very limited, though Glendale and the NHL could announce details and developments soon, according to sources familiar with the situation. The ownership group has asked for the city and league to keep negotiations private. The new buyer would keep the Coyotes in Glendale and is not a household name. In addition, sources say progress on the purchase is serious and substantial.

As the new group has moved forward, another group, Ice Edge Holdings LLC, is taking a backseat in the Coyotes ownership saga.

Ice Edge announced Monday it was focused on bringing an ECHL minor league hockey team to Thunder Bay, Ontario. Ice Edge CEO Keith McCullough said in a statement Monday his investment group could have some involvement with the new Coyotes ownership group...