It appears the Phoenix Coyotes ownership situation is getting murky again.
While Ice Edge Holdings is still talking with the City of Glendale about the long-term lease of Jobing.com Arena, a source close to the negotiations confirmed to Sportsnet’s John Shannon that the City is also talking with three other groups about the arena and team.
One of those groups is said to include Jerry Reinsdorf, who has been sitting on the sidelines for the past few months while Ice Edge has tried to negotiate a lease and also prove it has the financing in place to own the NHL team.
While the City of Glendale would not comment on these newest developments, a City representative did say they stood by comments made last week that Ice Edge was having difficulty proving they had enough financial backing to purchase the club.
On a related topic, another source close to the team said that only 1,800 season tickets have been sold for the 2010-11 season. A disappointing number considering the team’s on-ice performance last season.
It should also be noted that the City has agreed to pay the team’s losses for the upcoming season, with a cap of $25 million, until a new owner is found.