Report: Ice Edge on brink of buying Coyotes

A person with knowledge of the negotiations says the Ice Edge investment group is on the brink of buying the financially floundering Phoenix Coyotes from the NHL. The group and the NHL are expected to sign a letter of intent soon, perhaps by this weekend, said the source, who asked not to be identified because the official announcement had not been made. Ice Edge would keep the team in Glendale, where the Coyotes have lost hundreds of millions of dollars in recent seasons.