A new ownership bid is being formulated for the Phoenix Coyotes. A source familiar with the Coyotes situation as well as KDUS-AM 1060 in Phoenix say there is a serious bid by a new Canadian-led ownership group to buy the hockey franchise. The official familiar with the Coyotes situation said the unnamed Canadian group has plenty of cash to make the deal. The same source said the group could put up $100 million, with $40 million to $50 million coming from the city of Glendale via bonds. The NHL could give approval to the deal in the coming days, according to KDUS.