The National Hockey League, which bought the Phoenix Coyotes out of bankruptcy last year, is hoping to complete a sale of the team to a new owner by the end of June. According to ESPN, the league has two main suitors for the team, Ice Edge Holdings, which is a group of U.S. and Canadian investors, and another group led by Chicago White Sox owner Jerry Reinsdorf. The Glendale, AZ City Council recently voted to guarantee $25 million to help keep the team in the Jobing.com Arena, which the city built specifically for the team. There have been reports that the team, which was formerly known as the Winnipeg Jets, might move back to Canada under new ownership; both Ice Edge and Reinsdorf have pledged to keep the team in Arizona.
