In a briefing for today's hearing in bankruptcy court, the NHL has informed the court that a local bid for the team will be forthcoming, perhaps as soon as the end of this week. It's believed that the bid is coming from the John Kaites-Jerry Reinsdorf group, which earlier this month formed Glendale Hockey LLC according to an Arizona Corporation Commission filing.
Read about it here...
http://www.cbc.ca/sports/hockey/story/2009/06/22/sp-coyotes-nhl.html
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