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Bankruptcy judge expands bidding for Coyotes

Wednesday, 08.05.2009 / 9:40 PM / News
PHOENIX -- A U.S. Bankruptcy Court judge has expanded bidding for the Phoenix Coyotes to include potential buyers who would move the team.

Judge Redfield T. Baum ruled Wednesday that all bids, those to keep the team in Arizona or to move it elsewhere, would be accepted for a Sept. 10 auction. He specifically said the $212.5 million offer from Canadian businessman Jim Balsillie would be considered. The bid is contingent on moving the team to Hamilton, Ontario.

National Hockey League Deputy Commissioner Bill Daly released the following statement regarding the Bankruptcy Court order issued in Phoenix:

"We are in receipt of and have reviewed the Court's Order issued earlier tonight. Obviously, there is a lot to be done and possibly decided before September 10. We remain confident that the successful bidder will be one who is committed to continuing to operate the Coyotes in Glendale for the long term. We also remain confident that Mr. Balsillie's bid for the team will never be approved by the Court for a variety of reasons, including that his application for ownership was overwhelmingly rejected by the NHL Board of Governors last week. We look forward to making significant steps toward resolution of this unfortunate situation over the next several weeks."






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