With all the negativity that's been put out in the press lately regarding the state of the sale and the process that the Ice Edge Group is going through to get the team. IEH released today an Open letter to all Coyotes fans. Here's the text of the letter from Anthony LeBlanc, CEO of Ice Edge Holdings presented without comment for the time being.
These are exciting times to be fans of the Phoenix Coyotes. Our team sits in the top four of the very competitive western conference, and with less than a month remaining in the regular season, the team is well positioned to bring playoff hockey to the valley for the first time in over half a decade.
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.
Ice Edge Holdings remain committed as ever to the Phoenix Coyotes and to the long term success of the NHL in Arizona. We look forward to joining all of our fellow fans as the Coyotes march towards the playoffs, and participating in white outs when playoff hockey is played for the first time in Glendale.
The fans of the Coyotes have been through more than any sports fan should have to endure. We have said in the past that to be a sports fan is to make a commitment to a team, both emotionally and financially. To do so requires a two way street between the fans and those that own the franchise. Ice Edge Holdings looks forward to showing the great hockey fans of Arizona and the Southwest that commitment for many years to come. We thank you for being the strongest fans in the National Hockey League.
Chief Executive Officer
Ice Edge Holdings, LLC