Despite an offseason of uncertainty, the Phoenix Coyotes have been one of the surprises of the early NHL season so far. With ownership still very much up in the air, and with Wayne Gretzky stepping down as head coach, it would be easy to forgive the Coyotes if they came out stinking. Instead, they’ve jumped [...]
After a day-long session in bankruptcy court, the NHL and Jim Balsille will have to wait it out at least another week.
Yesteday, Jim Balsillie amended his auction bid for the Phoenix Coyotes. The amendment allows him to vacate his bid if the case has not been resolved in his favour by September 14th.
The future of the Phoenix Coyotes entered murkier water yesterday. Arizona bankruptcy judge Redfield T. Baum ruled that the extended bidding process now scheduled for September 10th will not allow for parties interested in relocation. This ruling opens the door for Jim Balsillie again, despite the NHL Board of Governors unanimously rejecting him as an [...]
In reading over the decision passed down by Arizona bankruptcy judge Redfield T. Baum, one thing has been made crystal clear: Jim Balsillie shot himself in the foot by demanding a decision had to be made by June 29th.
It’s lost $300 million since leaving Winnipeg, having never turned a profit, but NHL Commissioner Gary Bettman is dead set on keeping the Phoenix Coyotes in Glendale. A hearing scheduled for Tuesday in the bankruptcy case may determine the future of the franchise (barring the appeals that will likely come from all sides involved).
Jim Balsillie, potential new owner of the Phoenix Coyotes, is making all the necessary moves to comply with NHL bylaws regarding new ownership, as well as relocation. On Monday, Balsillie filed an application with the NHL to relocate the franchise to Hamilton. Today, through his spokesperson Bill Walker, he announced that he would be willing [...]
Since the Phoenix Coyotes owner Jerry Moyes opted for bankruptcy protection, and tendered an offer from RIM co-CEO Jim Balsillie for $212 Million, there has been strong debate about the future of the team. The NHL instantly claimed that Moyes had no legal authority to file for bankruptcy after requesting financial help and signing away [...]