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NHL Wants To Push Back Phoenix Auction Date
by Paul on 07/31/09 at 07:11 AM ET
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from Paul Waldie of the Globe and Mail,
The NHL wants to postpone an auction for the Phoenix Coyotes until Sept. 10 to give two potential bidders more time to finalize their offers. U.S. bankruptcy court Judge Redfield T. Baum was scheduled to hold an auction Aug. 5 for bidders interested in keeping the club in Phoenix. If that auction failed to produce a decent offer, a second one would be held Sept. 10 for bidders who want to move the club.
In a court filing last night, the NHL and the City of Glendale argued the second auction is no longer necessary because the league has rejected the ownership application of RIM co-CEO Jim Balsillie…
Filed in: NHL Teams, Phoenix Coyotes, NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
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