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Your reaction to Coyotes court ruling?
Thu, October 1, 2009

Billionaire Jim Balsillie is now 0-for-3 in his attempts to be a National Hockey League owner and Hamilton is oh-for-two decades in its attempts to house an NHL franchise.

And who knows now when any of that is going to change?

That was the sombre reality of the non-decision decision made by U.S. bankruptcy court Judge Redfield T. Baum, who rejected Balsillie's very public bid for the Phoenix Coyotes without prejudice yesterday and also rejected the NHL's bid, leaving it a back-door entrance should it choose to tie up the loose ends of its bid, with which the judge was clearly uncomfortable.

Baum gave the NHL some hope -- and at least control of this situation -- while at the same time striking Balsillie out of the game as a potential purchaser of the bankrupt Coyotes.

U.S. judge blocks Balsillie bid



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292 Comments

Money talks...bullshit walks. if someone can afford the team and run it properly (as opposed to currently being run into the ground) then so be it. Go, Hamilton!
gerry, 2009-08-27 10:31:05

Who cares. For the record I can't stand Bettman or Balsililie.
jon, 2009-08-27 10:16:54

If the NHL wins-anti-trust. If Balsillie wins- appeal. Result: hockey in Phoenix this season. It is like the Raiders and NFL. Lots of $$$ for litigators.

If NHL eventually loses, it is bye-bye Bettman, a slew of moves and increased instability in failed/failing sports markets.

GO JB!
Kevin, 2009-08-26 17:15:09

Why is this even up for discussion isn't the whole idea of an auction to get the best price for the franchise possible. Second point is when has the NHL ever cared about the city where the team resides anyway. Seems more like a bid to keep the team in the US whatever the cost to the city or the NHL.
John, 2009-08-26 15:22:33

Bettman just starts to look more and more ridiculous as this goes on. Now the owners as a group have to cough up the money to buy a money losing franchise that no businessman wants to buy, when cash is on the barrel right now from Balsillie. The bankruptcy judge has just got to be shaking his head in wonder. If I were him I'd just say take the real bid and let them fight it out amongst themselves afterwards. Once Balsillie is owner, there is no way Bettman can stop him from moving his property to where he sees fit. The Leafs will gripe and get a big paycheque for being the Jabba the Hut of the NHL and next year, both they and Hamilton will make scads of money.
Rick W., 2009-08-26 12:52:26

Can you say collusion? How can the NHL (Bettman) justify submitting a bid to buy the Coyotes in order to find a suitable buyer that will keep this team where it loses money? Wasn't the same thing already tried by Jerry Moyes? Wasn't he unsuccessful? Isn't that the reason this whole mess has gone to bankruptcy court?
The Voice of Reason, 2009-08-26 11:49:51

Whoever it is it won't be Balsillie. He burnt his bridges long ago. Robert, do you know the difference between due and do... do you?
Jon, 2009-08-26 11:25:09

Brad, Winnipeg couldn't sustain their existing franchise, what makes you think they can now? The current 'modern' doesn't even have enough seating by NHL standards. who will pony up the cash to re-modernize the 'modern' arena?
FS, 2009-08-26 10:32:48

Regarding some of the comments - so a few less than "lily white" owners have slipped through the cracks oveer the year - in many (or maybe all) cases their transgressions happened or came to light many years after they became owners. Does this mean that the NHL now has to open it's doors to all potential owners regardless of their character or lack thereof?

Balsillie has tried to sue the NHL under competition laws, and he's tried to enter the ownership ranks via sneaky and underhanded tactics with his latest bid (i.e. bankruptcy cooked up with Moyes) - not to mention his past exploits re: backdating stock options of his company for which he was nailed by the securities commissions in both Canada and the US.

Why would the NHL want someone like this as an owner? A sports reporter once compared this circus to someone getting into a public peeing match with Augusta National Golf Club, suing them, and then requestig membership - my guess is that the answer would be a big NO.
Jake, 2009-08-26 10:20:42

The time is long overdue for the NHL owners to replace Gary Bettman!!! He continues to fight HIS fights not fights for the league in general. Hey Gary where is this tv deal you promised? I guess its better to keep a team in the USA where nobody cares rather than it be anywhere in Canada!!!!
Dan Marsh, 2009-08-26 09:38:07

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