The Ice Edge investment group has signed a letter of intent to buy the financially floundering Phoenix Coyotes from the NHL.
The league and Ice Edge announced the agreement in statements yesterday.
Ice Edge would keep the team in Glendale, Ariz., where the Coyotes have lost hundreds of millions of dollars in recent seasons.
Deputy commissioner Bill Daly said that much remains to be done before the sale closes, but that the league pledged to work closely with Ice Edge to "bring the sale to conclusion as expeditiously as possible."
Shortly after 51-year-old Slava Fetisov became the oldest Russian to play in the Continental Hockey League for CSKA Moscow, he said it would be his last game.
Fetisov had not played competitively in 11 years and called the 3-2 loss yesterday to SKA St. Petersburg "very intense."
The Russian club called up its team president and former hockey star to skate after a player was injured. Fetisov admitted it was physically challenging.
The defenseman and former captain of the Soviet national team ended his professional career after winning a second consecutive Stanley Cup with the Detroit Red Wings in 1998. Fetisov played on the Soviet team that lost to the United States in the semifinals of the 1980 Lake Placid Olympics.
- Associated Press