Thursday, May 7, 2009

Coyotes: Broke and possibly migrating to north of the border

Phoenix Coyotes, despite getting getting money loans from the NHL, have filed chapter 11 bankruptcy protection against NHL wishes. The NHL stripped Coyotes owner Jerry Moyes of any authority. Guess who came to pounce with a price tag?

It's Blackberry co-CEO Jim Balsillie, who failed attempt to buy Pittsburgh Penguins and Nashville Predators, quickly jump on Coyotes with a price tag of $212.15 million with a possibility of moving the team north of the border to Hamilton, Ontario, Canada. But its long fight before it happens.

NHL commissioner Gary Bettman doubted the sale of the Coyotes gain approval from NHL owners. Also he reiterated the league on keeping the team in Glendale. Meanwhile, the city of Glendale trying to block the sale of the team from moving the Canada.

Up in Hamilton excitement is high for possible Coyotes relocation with support from Ontario premier and Canada prime minister.

It's going be a huge showdown and a mess in the offseason. Will Jim Balsillie finally get his NHL team and move to Hamilton or will Coyotes remain in Glendale?

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