Judge rejects bids by Balsillie, NHL
PHOENIX -- The NHL could claim a partial victory on Wednesday after a U.S. bankruptcy judge rejected bids by the league and Canadian billionaire Jim Balsillie to purchase the Phoenix Coyotes.
Judge Redfield T. Baum rejected outright Balsillie's offer to purchase the team and move it to Hamilton, Ontario, which the NHL had vehemently opposed. The judge upheld the league's right to decide who owns its teams and where they play.
Although Baum also turned down the NHL offer, he left the ...
Read full story