Phoenix Coyotes Dispute Continues

There have been a lot of developments over the past couple days in the Phoenix Coyote situation and the next week will be an interesting one for sure. Yesterday the NHL Board of Governors voted to approve Jerry Reinsdorf as a potential owner of the Phoenix Coyotes while voting against Jim Balsille and postponing any decision on the Ice Edge group do to an incomplete application. None of this is really surprising news but the vote against Balsillie is an interesting one as Judge Baum in an earlier ruling that barring material changes PSE (Balsillie’s company for purchasing an NHL

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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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NHL's Hardline loses Steam in Court

Ever since Jerry Moyes decided to take the Phoenix Coyotes to bankruptcy the NHL has chosen to take a hard line against the Moyes-Balsillie scheme but when it comes to the court proceedings their hard line stance has been softened by the judge. Initially the NHL claimed vehemently that Jerry Moyes did not have the authority to take the team to bankruptcy because the league was in control of the team and had been in control of the team since last November. Moyes argued that he had given up some control of the team, but had not given up the

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CBC reference and more on Balsillie's bid for Coyotes

So I sit down for dinner at around 6:30 last night and decide that it is a little quiet so I turn on the TV and watch CBC’s Hockey Night in Canada pre-game show. During the show they had a 15 minute interview with Jim Balsillie (click the link and then click on Inside Hockey: Jim Balsillie). Ron starts off asking the intro question asking Balsillie to tell everyone about what he is doing in putting in an offer for the Coyotes. What came next almost made my jaw drop. Ron MacLean then went on to quote from my article

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Does Bettman still think Everything is A-OK?

What happened to the Phoenix Coyote’s yesterday is what many people suspected may happen to them for a while. They went bankrupt. They went bankrupt despite the fact that over the past year Gary Bettman has continued to tell anyone who would listen that the NHL as a whole and its member teams are generally doing just fine, despite the economic down turn. Most people were smart enough to not listen to Gary Bettman. What is interesting this time is that Jim Balsillie sat on the sidelines waiting for the moment for the Phoenix Coyote’s to declare bankruptcy. He has

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