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Balsillie Will Not Appeal Phoenix Ruling
by Paul on 09/30/09 at 07:06 PM ET
Comments (3)
from CTV,
BlackBerry billionaire Jim Balsillie will not be appealing a ruling by a U.S. bankruptcy court judge that rejected both his and the NHL’s bids for the beleaguered Phoenix Coyotes.
The ruling effectively ended Balsillie’s long legal battle to relocate the team to Hamilton.
“From the beginning, my attempt to relocate the Coyotes to Hamilton has been about Canadian hockey fans and Canadian hockey. It was a chance to realize a dream,” Balsillie said in a statement. “I believe I got that chance. I respect the court’s decision, and I will not be putting forward an appeal.”
The ruling was clearly a victory for the NHL, even if it didn’t win outright.
Filed in: NHL Teams, Phoenix Coyotes | KK Hockey | Permalink
Tags: Jim+Balsillie,
Comments
I know that a lot has been written about the methods that JB used in this case and in the past to try to acquire a NHL franchise, and for the most part it is hard to disagree with those statements. However, what also can’t be ignored is this man’s passion for the sport and passion to add another franchise in Canada. I hope that at some future point the NHL, be it under Bettman’s leadership or someone else’s that they realize what JB can bring to the table and try to work something out!
Posted by Mac from Canada on 09/30/09 at 07:22 PM ET
+1 to Mac…
I find it hard to believe this is really over. Even if we’re talking next off-season, or even later, it’s going to come back. This team will eventually have to move, and will eventually have to be sold. The good owners won’t put up with subsidizing this team for long…
Posted by Nathan from Jonny Ericsson's ice cream truck on 10/01/09 at 07:46 AM ET
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It seems to me , for the league this was a: if you lose you lose and if you win you
lose.
Hey gary, be careful what you wish for....you might just get it. Sucker!!!
Posted by Down River Dan on 09/30/09 at 06:58 PM ET