Kukla's Korner Hockey
The Latest From Phoenix Bankruptcy Court
by Paul on 09/23/09 at 04:25 PM ET
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from David Shoalts of the Globe and Mail,
Jim Balsillie has once again sweetened his offer for the Phoenix Coyotes.
When U.S. Bankruptcy Court Judge Redfield T. Baum opened an emergency hearing Wednesday morning to hear arguments about whether or not he should force the warring parties – Coyotes owner Jerry Moyes, Balsilllie, the NHL and the city of Glendale – into mediation on the sale, one of Balsillie’s lawyers introduced three changes to his $242.5-million (all currency U.S.) offer, one of which was presented to Glendale city council on Tuesday night. Balsillie also conceded he is willing to keep the Coyotes in suburban Glendale for the coming NHL season.
Filed in: NHL Teams, Phoenix Coyotes | KK Hockey | Permalink
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