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No Decision Expected In Phoenix Today—UPDATES
by Paul on 06/09/09 at 11:51 AM ET
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via the Toronto Star,
There will be no decision today from a judge at a bankruptcy court hearing on the sale and possible relocation of the NHL’s Phoenix Coyotes.
NHL commissioner Gary Bettman is hand for today’s sesssion. The NHL commissioner is expected to fly to Pittsburgh right after the hearing.
Sports reporter Kevin McGran is in Arizona for bankruptcy proceedings involving the NHL Phoenix Coyotes. Follow his updates on Twitter directly at twitter.com/kmcgran or watch in the live blog below.
Update 2:36pm ET: More from Dan Rosen at NHL.com, summarizing today’s issues.
Update 3:16pm ET: From TSN—
Bankruptcy judge Redfield T. Baum believes the NHL is entitled to a fee for the right to put a team in Hamilton, and that unknown number is crucial to his decision on the fate of the Phoenix Coyotes.
His statement, coming during a combative and entertaining court hearing today in Phoenix, ran counter to arguments made by lawyers for Jim Balsillie that no fee is owed.
Update 4:23pm ET: How much of a fee? From the Toronto Star—
The NHL would charge billionaire Jim Balsillie $100 million (U.S.) as a relocation fee to move the Coyotes to Hamilton.
Balsillie lawyer Susan Freeman let slip the amount — a dollar figure blacked out in all court documents — in a relocation hearing Tuesday.
Filed in: NHL Teams, Phoenix Coyotes, NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
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