Kukla's Korner Hockey
Let The Bidding Begin, Again
by Paul on 08/05/09 at 07:20 PM ET
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via CBC,
Jim Balsillie’s attempt to buy the Phoenix Coyotes and relocate them to Hamilton, Ont., may not be dead yet.
An Arizona judge decided Wednesday to allow “any and all bidders” to be involved in a court ordered auction for the bankrupt National Hockey League team on Sept. 10.
Previously, only bidders who were willing to keep the club in the desert were to be involved.
added 7:45pm, from Paul Hunter of the Toronto Star,
Recognizing that his ruling has opened a contentious can of worms, the judge has also scheduled a hearing for Aug. 11 to examine all the issues surrounding the auction.
read on for reaction from the Balsille camp…
added 9:21pm,
NEW YORK (August 5, 2009)—National Hockey League Deputy Commissioner Bill Daly released the following statement regarding the Bankruptcy Court order issued in Phoenix:
“We are in receipt of and have reviewed the Court’s Order issued earlier tonight. Obviously, there is a lot to be done and possibly decided before September 10. We remain confident that the successful bidder will be one who is committed to continuing to operate the Coyotes in Glendale for the long term. We also remain confident that Mr. Balsillie’s bid for the team will never be approved by the Court for a variety of reasons, including that his application for ownership was overwhelmingly rejected by the NHL Board of Governors last week. We look forward to making significant steps toward resolution of this unfortunate situation over the next several weeks.”
Filed in: NHL Teams, Phoenix Coyotes | KK Hockey | Permalink
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