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Ice Edge Holdings chairman Keith McCullough, second from right, laughs while joking with partners, from left to right, CEO Anthony LeBlanc, COO Daryl Jones, and CFO Todd Jordan in a suite at the ACC during NHL regular season action between the Phoenix Coyotes and Toronto Maple Leafs on Wednesday, December 16, 2009. Darren Calabrese for The Globe and Mail

Darren Calabrese

A bid for the Phoenix Coyotes from a group of investors known as Ice Edge Holdings could now be in jeopardy, according to a report in the Arizona Republic.

The newspaper reported late Monday that the City of Glendale said Ice Edge "has not complied with terms" necessary to "pursue the purchase" and negotiate a new lease for Arena. At issue is documentation Ice Edge was supposed to provide as proof of financing for its bid, paperwork the city said was only partially submitted by last month's deadline.

Ice Edge spokesman Robert Johnson told the newspaper, however, that the group had "submitted the documents we believe meet the requirements regarding the state of our financing."

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NHL deputy commissioner Bill Daly, meanwhile, denied comment on the latest report, saying the league has "no new information on Ice Edge's bid."

Ice Edge and Glendale have a tentative agreement targeting next Friday as the final date for negotiations.

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