Kukla's Korner Hockey
The Latest From Phoenix
by Paul on 07/24/09 at 09:41 PM ET
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from Carrie Watters of the Arizona Republic,
Friday’s bid deadline for the Phoenix Coyotes included one bid and a near-bid.
A group of Canadian and American investors who came forward earlier this month with interest in the bankrupt franchise filed a letter of intent to bid up to $150 million.
As expected, sports mogul Jerry Reinsdorf waded in with a bid worth up to $148 million.
National Hockey League Deputy Commissioner Bill Daly said he was pleased to see that offers to purchase the team were filed with U.S. Bankruptcy Court.
“We look forward to continuing the review and approval process,” he said.
added 7/25/09 at 8:36am, from Paul Waldie of the Globe and Mail,
When Research In Motion co-chief executive Jim Balsillie offered to buy the Phoenix Coyotes and move the NHL team to Hamilton, Anthony LeBlanc was so excited he sent his old boss a letter of congratulations.
But soon Mr. LeBlanc, a former RIM executive, started looking more closely at the Coyotes together with a couple of hockey-loving friends from the investment world. Yesterday, Mr. LeBlanc and his group submitted a letter of intent, offering to buy the Coyotes for $150-million (U.S.) and keep the team in Phoenix.
“Southern Ontario can support another [NHL] team – there’s absolutely no question, and I think Jim would be a tremendous owner,” Mr. LeBlanc said from his home in Ottawa. “It’s just we don’t think that Phoenix is the right team because we think there’s a real savvy business case that can be had in Phoenix.”
Filed in: NHL Teams, Phoenix Coyotes | KK Hockey | Permalink
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