NHL board unanimously denies Balsillie

Updated: July 30, 2009, 10:49 AM ET
By Scott Burnside | ESPN.com

Canadian businessman Jim Balsillie was unanimously rejected by the NHL's board of governors in his bid to become an NHL owner at a meeting Wednesday afternoon in Chicago.

The NHL executive body approved a bid by Chicago White Sox and Chicago Bulls owner Jerry Reinsdorf to assume ownership of the financially troubled Phoenix Coyotes.

The board convened a special meeting in Chicago to evaluate each group's applications before an eventual sale of the Coyotes, who were taken into Chapter ...

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