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Sources: City approves proposals

Updated: April 2, 2010, 2:48 AM ET
ESPN.com news services

Two lease proposals for the Phoenix Coyotes given to the Glendale City Council earlier this week were approved, sources told ESPN.com on Thursday.

A pair of potential ownership groups, Ice Edge Holdings and a rival bidding group that includes Chicago White Sox/Chicago Bulls owner Jerry Reinsdorf and local businessmen, presented the proposals.

The NHL bought the Coyotes in U.S. Bankruptcy court last year after an attempt by Canadian billionaire Jim Balsillie to buy the team and force ...

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