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NHL News: Judge rejects sale of Phoenix Coyotes

From AZ Central.com

The Coyotes are staying in Phoenix.

A bankruptcy judge has rejected the proposed sale of the team to Canadian billionaire Jim Balsillie, who would have moved the team to Hamilton, Ontario.

Judge Redfield T. Baum issued a 21-page ruling late Monday afternoon, concluding that the June 29 deadline imposed by Balsillie did not allow enough time to resolve the complex case.

"Simply put, the court does not think there is sufficient time (14 days) for all of these issues to be fairly presented to the court given that deadline," the judge wrote.

The ruling is a victory for the NHL, which had argued Balsillie was using the U.S. Bankruptcy Court to make an end-run around the league's rules over who owns teams and where they are located.

NHL deputy commissioner Bill Daly declined immediate comment Monday, saying the league needed to read the entire opinion before issuing a statement.

The judge's decision is also a win for the city of Glendale, which had spent $183 million to build an arena for the Coyotes and had contended the franchise could not use bankruptcy to evade its lease.

More to come......

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Five For Howling

by Travis Hair on Jun 15, 2009 10:38 PM EDT reply actions   0 recs

I do apologize for this upcoming comment since you are a Couotes fan but ...

This makes no sense. Bettman is a fool.

No lets keep the team in Phoenix where no one goes to see them. What? Hamilton wants a team so bad they already sold out season tickets? He just refuses to admit that it is a mistake.

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by Joe Fortunato on Jun 15, 2009 11:22 PM EDT up reply actions   0 recs

Odin no howl for us?

This ruling doesn’t mean happy days are here again in Phoenix. It basically means the judge doesn’t think there is enough time to rule.

Balsillie is a very rich man, and rich men don’t get that way by giving up easy. This is far from over

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by Jim Schmiedeberg on Jun 16, 2009 7:49 AM EDT reply actions   0 recs

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