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Judge: Rejecting both bids possible

Updated: September 10, 2009, 10:38 PM ET
Associated Press

PHOENIX -- A bankruptcy judge raised the possibility Thursday of rejecting both bids to buy the Phoenix Coyotes.

Judge Redfield T. Baum called the possibility "more than theoretical" during a marathon court hearing kicking off the two-day auction of the franchise.

Canadian billionaire Jim Balsillie's bid is contingent on moving the team to Hamilton, Ontario, over the overwhelming opposition of the NHL.

The other bid is by the NHL, which has said it will resell the team, either ...

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