Argo owners consider bidding for Coyotes

Paul Waldie and Stephen Brunt

Sokolowski and Cynamon are considering making a play for Phoenix and plan to meet city officials next weekToronto Argonaut co-owners Howard Sokolowski and David Cynamon are considering making a bid for the Phoenix Coyotes and plan to meet city officials next week.

Sokolowski and Cynamon had been linked to Ice Edge Holdings, a group of eight Canadian and U.S. businessmen who have made a pitch for the club. But their involvement with Ice Edge ended several weeks ago, according to sources familiar with the bidding.

The pair are now exploring their own options for the club and they have assembled about a dozen financial backers, sources said. Sokolowski is expected to be in Phoenix on Monday to meet with officials from the City of Glendale, the suburb that owns the arena where the Coyotes play. Any bid for the Coyotes will have to include a new arena lease with the city.

Cynamon confirmed yesterday that he and Sokolowski are no longer part of Ice Edge and are going ahead on their own. He declined to provide further details. Daryl Jones, an Ice Edge investor, declined comment.

The NHL is expected to get approval from an Arizona bankruptcy court on Monday to buy the Coyotes and pay creditors about $140-million (U.S.). That will clear the way for the NHL to re-sell the club.

http://www.theglobeandmail.com/sports/argo-owners-consider-bidding-for-coyotes/article1342981/


8 Responses to Argo owners consider bidding for Coyotes

  1. leafy says:

    What these two guys are doing does not exactly help the cause of getting another NHL team in Canada.

    So much for Canadian pride.  So-called Canadian patriotism is one great big myth.

  2. reinjosh says:

    i dont know
    i think its more the fact that they could own a hockey team
    i mean damn i would buy the coyotes if i had the money and just had to leave them there
    in 4 years i would move em anyways

  3. leafy says:

    Okay, but the story says that an extended lease agreement with Glendale would have to be part of the negotiation to purchase the team.

    The one guy who proved to be patriotic is Balsillie.  The guy makes billions selling his Blackberry worldwide.  He doesn't need more money. But he really badly wanted to bring a team up north.  I agree with Don Cherry on this matter, Americans are much more patriotic than Canadians, generally speaking of course.

  4. reinjosh says:

    oh true
    and i agree with both of you
    Canadians seem to have a certain lack of patriotism
    it annoys me
    because i so damn patriotic

  5. DandoEagle says:

    4 Haloween this year I've decided to dress as the scariest costume i could think of – a 2009-2010 Maple Leaves Stanley cup winner LOL!

  6. Kyleton says:

    Your joke = Epic Fail

  7. Kramer says:

    To buy the Coyotes, you gotta grease local politicians and send kickbacks to the teamsters. All these deals involve some sort of mafia payoffs.

  8. mojo19 says:

    I love Canada, but I don't want a team in Hamilton. Winnepeg, Quebec, Saskatoon whatever, I'm fine with it, but not another team in Ontario, this is Leafs Nation. Actually i wouldn't mind if the Senators moved.

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