2015 NHL Draft
ROUND 1 | ROUND 2 | ROUND 3 | ROUND 4 | ROUND 5 | ROUND 6 | ROUND 7
SHARE
Share with your Friends


Bankruptcy court judge rejects both bids for Coyotes

Wednesday, 09.30.2009 / 5:13 PM / News

NHL.com

U.S. Bankruptcy Court Judge Redfield T. Baum on Wednesday rejected bids by the National Hockey League and Canadian businessman Jim Balsillie to buy the Phoenix Coyotes.

In his 31-page decision Baum threw out Balsillie's bid with prejudice, saying it could not succeed because he can't properly satisfy the NHL's rights regarding relocation. Balsillie wanted to move the team to Hamilton, Ont.

"This conclusion effectively is the end for the efforts of PSE, Balsillie, Moyes and the Coyotes to force a sale and relocation of the hockey team based upon the claimed powers in Section 363 (f)(4) of the Code; i.e., those efforts and related motions are denied with prejudice," Baum wrote.

Balsillie said he would not appeal the ruling. 

However, he left the door open for the NHL to take another crack at ownership by amending its bid.

"In hockey parlance, the court is passing the puck to the NHL, who can decide to take another shot at the sale net or it can pass off the puck," he wrote.

Deputy Commissioner Bill Daly said in a statement that "we are pleased that the Bankruptcy Court has confirmed the League's right to select its owners and the location of its franchises. We are reviewing the opinion and considering how we can best address the court's concerns regarding our offer to purchase the Coyotes. It remains our goal to secure the long-term stability of the Coyotes in Glendale."

FOR THE COMPLETE TEXT OF JUDGE BAUM'S DECISION, CLICK HERE.

NHL.TV™

NHL GameCenter LIVE™ is now NHL.TV™.
Watch out-of-market games and replays with an all new redesigned media player, mobile and connected device apps.

LEARN MORE

NHL Mobile App

Introducing the new official NHL App, available for iPhone, iPad and Android smartphones and tablets. A host of new features and improved functionality are available across all platforms, including a redesigned league-wide scoreboard, expanded news coverage, searchable video highlights, individual team experiences* and more. The new NHL App on your tablet also introduces new offerings such as 60fps video, Multitasking** and Picture-in-Picture.

*Available only for smartphones
** Available only for suported iPads
NHL.TV™ › SHOP.NHL.COM › NHL AUCTIONS › FOLLOW ON: FACEBOOK TWITTER