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Ice Edge backs away from Coyotes

Updated: May 10, 2011, 7:44 PM ET
Associated Press

PHOENIX -- Ice Edge Holdings has withdrawn its minority interest in the proposed purchase of the Phoenix Coyotes ahead of a Glendale City Council vote that would put off finalizing any deal by as long as a year.

Ice Edge CEO Anthony LeBlanc said Tuesday that his organization had been involved in the process with the Coyotes "long enough."

Ice Edge once had tried to buy the team as the majority owner but accepted minority status when Chicago businessman Matthew Hulsizer entered the ...

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