The City of Glendale is on the verge of firing another shot in a desperate attempt to save the Phoenix Coyotes.
In a espn.com report Saturday, veteran hockey writer Scott Burnside reported the City of Glendale is planning to file a lawsuit against the Goldwater Institute on Monday seeking damages of ďhundreds of millions.Ē
A proposed sale to Chicago businessman Matthew Hulsizer has stalled and so has a $116 million bond issue (all terms US), leading many to speculate the NHL, which currently owns the Coyotes, could be on the verge of re-opening talks with Mark Chipman and True North about moving the franchise to Winnipeg for the 2011-12 season.
The Goldwater Institute is on record arguing itís unconstitutional for the City of Glendale to front Hulsizer $100 million of the expected purchase price of $170 million.
Glendale mayor Elaine Scruggs went on the offensive earlier this week, calling a press conference and urging the Goldwater Institute to back off.
That isnít going to happen and this latest threat wonít likely faze Goldwater either.
Burnside also reported the NHL has hired former Jerry Reinsdorf associate John Kaites to try and work with Goldwater to see if there is a way to work out the disagreement over the legality of the lease agreement in time to sell the bonds and save the deal.
The NHL has ignored a soft Dec. 31, 2010, deadline for relocation as they believed closing the deal with Hulsizer was only a matter of time.
However, with the recent concerns itís believed the NHLís patience is wearing thin and the Winnipeg option might quickly find itself on the front burner.