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The Balsillie Scheme
by Paul on 08/19/09 at 08:52 AM ET
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from Paul Hunter of the Toronto Star,
Canadian billionaire Jim Balsillie devised a “self-serving scheme” to put the Coyotes into bankruptcy in order to force it to be relocated, according to documents filed by the NHL into bankruptcy court yesterday.
Further, according to the NHL’s document, Balsillie “co-opted” Phoenix owner Jerry Moyes into his plan “with an offer of cash, which Mr. Moyes was only too eager to take.”
The NHL made its claim in a document filed to support its contention that Bill Daly, the league’s deputy commissioner, should manage the business affairs of the Coyotes, rather than Moyes, and a bankruptcy trustee should replace Moyes at the team’s helm.
Filed in: NHL Teams, Phoenix Coyotes, NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
Tags: Jim+Balsillie,
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