Once again there will be no quick decision as to whether Canadian billionaire Jim Balsillie obtains the bankrupt Phoenix Coyotes and moves them to Hamilton, Ontario, Canada. As of this writing, there are only two bids on the table and one of them -- Balsillie's -- far outdistances the NHL's, but the judge presiding over this matter is indicating that he may boot both of them.
PHOENIX (AP) -- Canadian billionaire James Balsillie has offered the city of Glendale $50 million to quiet its objections to his bid to buy the Phoenix Coyotes and move the franchise to Hamilton, Ontario.
PHOENIX (AP) -- A U.S. bankruptcy judge has told James Balsillie that he should reconsider the Sept. 14 deadline the Canadian billionaire set for completing his proposed purchase of the Phoenix Coyotes.
PHOENIX (AP) -- NHL commissioner Gary Bettman, two team owners and the Canadian billionaire who is trying to buy the Phoenix Coyotes over the league's vehement objections agreed to submit to depositions in their complex bankruptcy battle.
DETROIT -- Given the host city of the first games of this year's Stanley Cup Final, it's no surprise that the economic situation of the league and its teams was a prime subject of Commissioner Gary Bettman's pre-Final talk.
"Trouble is a funny thing." -- NHL Commissioner Gary Bettman in a television interview on the CBC regarding allegations of financial misdeeds by team owners that came to light during the 2008 Stanley Cup Final.