PHOENIX (AP) - A U.S. Bankruptcy Court judge has expanded bidding for the Phoenix Coyotes to include potential buyers who would move the team.
Judge Redfield T. Baum ruled Wednesday that all bids, those to keep the team in Arizona or to move it elsewhere, would be accepted for the Sept. 10 auction.
He specifically said the $212.5 million offer from Canadian billionaire Jim Balsillie would be considered. That sets up another showdown between Balsillie and the NHL, because the league's board of governors has unanimously rejected him as an owner.
Balsillie's bid is contingent on moving the team to Hamilton, Ontario.
Balsillie spokesman Bill Walker praised the judge's for creating a "fair and transparent" sales process.
Goon's World Extras
- Goon's World
- UNO vs. UND Pictures
- UMD vs. UND Pictures
- WMU vs. UND pictures
- SCSU vs. UND Photos
- RMU versus UND Images
- Images from DU vs. UND
- Images from BU vs UND
- Photos from Augustana vs. UND
- UND Hockey Schedule 2024-25
- UND Hockey Roster for the 2024-25
- Images From UND Hockey Fest
- Pictures from UND Hockey Media Day 2024
- Examples of the Quality of NCHC.TV
Thursday, August 06, 2009
Judge expands bidding for Coyotes to any buyer
This is going to get really ugly. The NHL owners don't want Balsillie to have an NHL team. This is going to test the league office and it will be interesting to see how this turns out. I still think it is an uphill battle for Balsillie because I believe the NHL can still ultimately decide who they want to own the Coyottes.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment