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Canadian group looks into Coyotes
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Jerry Moyes (AP Photo/Aaron J. Latham)
Yesterday there were reports that a new bidder had emerged in the effort to keep the Coyotes in the Valley.
Today it looks like we know who that group is.
According to multiple newspaper reports, a Canadian group is interested in purchasing the Coyotes and keeping them in Arizona.
The group is headed by Daryl Jones, a managing director at Research Edge, LLC. He declined to name other members of the group, but he did say that Toronto Argonaut co-owners Howard Sokolowski and David Cynamon are not apart of the group.
Sokolowski and Cynamon were named by the NHL as a group interested in purchasing the franchise, but they have not submitted a bid.
Jones told the Toronto Star that he and his group recently started to review the finances of the team.
“We have a team of people that are looking at the numbers and evaluating the viability, trying to figure out if there is something to do here.”
Jones is no stranger to hockey. The native of Bassano, Alberta played hockey at Yale University.
The only other bid for the Coyotes is from Chicago White Sox and Chicago Bulls owner Jerry Reinsdorf. The sports magnate’s group includes Valley attorney John Kaites and former pro sports executive Tony Tavares.
Initial bids were due to U.S. Bankruptcy Court on June 26, but Judge Redfield T. Baum could still allow additional bids to be entered.
The auction for bidders interested in keeping the team in Phoenix is scheduled for August 5.
Legal wrangling continues
In a continuation of legal activity leading up to the July 24 formal bid deadline, the NHL is accusing Coyotes owner Jerry Moyes of trying to derail the sale of the team to Reinsdorf.
Moyes wants to question Reinsdorf, NHL commissioner Gary Bettman, deputy commissioner Bill Daly, and Glendale city manager Ed Beasley. The NHL cited the motions as “nothing more then Moyes’ attempt to frustrate the sale of the Coyotes in Glendale.” Moyes also wants the details of Reinsdorf’s bid to be released.
Just last week, the league filed motions to force Wayne Gretzky, Moyes and six other individuals to submit examinations other oath.
Both sides will meet in Judge Baum's courtroom at 10 a.m. on Monday to discuss the motions.
(The Toronto Star, Globe and Mail and Associated Press were all used as sources for this story)
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