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Phoenix Coyotes Ownership Up for Grabs

Published by on June 7, 2009
Article Source: Bleacher Report - NHL

With 23 years remaining on the Phoenix Coyotes home-court, Jobing.com Arena, the city of Glendale is fighting to keep the team in Arizona.  In their corner is the NHL along with several people who have stepped forward to purchase the bankrupted hockey team.

On the forefront of the bankruptcy proceedings is Canadian billionaire, Jim Balsilie, who wants to move the Coyotes back to Canada.  Through his attorney, Balsilie has offered $212.5 million for the struggling team.  His plan calls for the team to be relocated to Hamilton, Ontario.  Balsilie has given the NHL until the end of June to approve his offer.

It seems Balsilie is in the penalty box with the NHL.  With previous attempts to purcha...

Read Complete Article at Bleacher Report - NHL
Article is property of BleacherReport.com

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