Judge Baum sides with Balsillie

Judge Redfield T. Baum has decided to allow all bidders into the September 10th auction, including Jim Balsillie against the pleading of the NHL. It was the most significant decision that Judge Baum has made so far in the bankruptcy case and in my opinion has clearly put Jim Balsillie’s offer for the Coyotes at the front of the line. On June 15th, Judge Baum ruled against the Balsillie offer to purchase the team largely because Balsillie could not prove that the NHL was violating anti-trust laws mostly because they had not yet denied his request to move the team

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Phoenix not only team looking to relocate?

Jim Balsillie spokesman Bill Walker and Lawyer Richard Rodier held a press conference this morning and made some very interesting points. 1. Jim Balsillie hasn’t given up his quest to move the Coyotes to Hamilton and it is likely that they will submit another bid to purchase the team with a different timeline. No details were given and a lot will depend on consultation with Jerry Moyes and his lawyers. 2. Of the four ‘expressions of interest’ in keeping the team in Phoenix, Richard Rodier is only aware of one of them having done any due diligence so far (likely

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Balsillie loses this round

If you haven’t heard yet, Judge Redfield T. Baum has ruled against the Balsillie bid to purchase the Phoenix Coyotes and move them to Hamilton. This means that the Coyotes will remain in Phoenix for at least one more season. In the 21-page document he said the court didn’t believe there was enough time to resolve all the various issues before the sale of the insolvent team to Balsillie for US$212.5 million that was due to close June 29. I haven’t yet read the document but when I do I’ll have further comment but I think it would be premature

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What Would a Reasonable Transfer Fee Be?

Over the past couple of days I have heard all kinds of numbers thrown out on what a reasonable transfer would be, most of these numbers just picked out of the air and given little thought from the people tossing them out there. I have heard numbers like a $300 million transfer fee plus additional fees for entering into the Maple Leafs and Sabres territory. I heard one media member suggesting that Balsillie’s end cost could be upwards of $600 million or more. The number tossed around in the court room on Tuesday was $100 million. Supposedly this number came

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