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.
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.


BallHype: hype it up!

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