It's madness! At least venture madness, as startups compete for funding.
Phoenix Coyotes keep their coach
The Phoenix Coyotes will be keeping their coach, even as their ownership situation remains in flux. Dave Tippett has agreed to a long-term contract extension with the team. The Coyotes have made the playoffs three times in his four seasons as coach.
In a statement, Tippett says he’s “thrilled to stay with the Coyotes,” and the team has scheduled a Monday news conference for him to discuss his new deal.
The National Hockey League has owned the Coyotes since 2009, when the league bought the team in Bankruptcy Court. After a series of failed attempts, the NHL has agreed to sell the team to Renaissance Sports and Entertainment, a group headed by Canadian investors. That deal, however, is contingent on a new lease agreement with Glendale, which owns Jobing.com Arena, where the team plays.
The Glendale city council met in executive session Friday to discuss a lease proposal.