Kukla's Korner Hockey
The Ongoing Phoenix Situation
by Paul on 05/13/09 at 07:10 AM ET
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from Damine Cox of the Toronto Star,
It was not a good day for Jim Balsillie’s public relations offensive.
First, sources indicated yesterday that Wayne Gretzky is “supportive” of the plan presented by Chicago sports czar Jerry Reinsdorf to buy the Phoenix Coyotes and keep them in Arizona. Gretzky would stay with the team as head coach under the ownership of a group of investors headed by Reinsdorf that would conditionally offer an estimated $130 million (U.S.) for the troubled Phoenix club.
Second, despite North American economic conditions some suggest are the worst since the Great Depression, Balsillie is reportedly seeking more than $120 million (Cdn.) in federal and provincial handouts to renovate Hamilton’s Copps Coliseum if he can purchase the Coyotes out of bankruptcy and bring them north.
Filed in: NHL Teams, Phoenix Coyotes | KK Hockey | Permalink
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