onoeuqedol1902.blogspot.com
Attorneys for Coyotes owner Jerry who wants to sell the teamto Balsillie, filed court papers late Thursday saying Balsillie has moved his deadlinew for buying the team from June 29 to September. That comezs on the heels of Monday’s rulingv by U.S. Bankruptcy Court Judge Redfield T. Baum that Balsillie’ end of June deadline did not allow enoug time to resolvethe team’x Chapter 11 bankruptcy That ruling was a win for the and city of Glendal e who want to block a $213 millioj sale of the Coyotes from owner Jerry Moyes to Balsillie, who is CEO of Blackberry makefr Research in Motion.
In responsse to Baum’s ruling, Balsillie said he is willinhg to wait until September to buy the team for the same The NHL and Glendale are trying to find ownersd that would keep the struggling teamin Arizona. Balsillie contendxs his offer will be the highest and best He wants to move the teamto Ontario, either for the 2009-10 or 2010-11 season. The Coyotes have lost more than $300 millio since moving to the Phoenix markegfrom Winnipeg, Manitoba, in 1996. Balsillie also wantz Baum to order mediation with the NHL over the possibld move including a possible relocation fee that coulx addanother $100 million to the purchase price.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment