ADVERTISEMENT



Google       

Home -> Law Blog Directory -> International Law Blogs -> Wise Law Blog

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402

Bookmark

International Law

: Wise Law Blog

Balsillie Denied

ADVERTISEMENTS

Sun Media's Steve Simmons reports on an Arizona bankruptcy court's ruling Wednesday, effectively denying Jim Balsillie's bid for the Phoenix Coyotes:

Billionaire Jim Balsillie is now 0-for-3 in his attempts to be a National Hockey League owner and Hamilton is oh-for-two decades in its attempts to house an NHL franchise.

And who knows now when any of that is going to change?

That was the sombre reality of the non-decision decision made by U.S. bankruptcy court Judge Redfield T. Baum, who rejected Balsillie's very public bid for the Phoenix Coyotes with pre-judice yesterday and also rejected the NHL's bid, leaving it a back door entrance should it choose to tie up the loose ends of its bid that the Judge was clearly uncomfortable with.

"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," Baum wrote in his decision.

Baum gave the NHL some hope -- and at least control of this situation -- while at the same time striking Balsillie out of the game as a potential purchaser of the bankrupt Coyotes.

"This conclusion effectively is the end for the efforts of PSE (Balsillie's company), Balsillie, (Jerry) Moyes and the Coyotes to force a sale and relocation of the hockey team," Baum wrote in his 31-page ruling. In earlier years, Balsillie had attempted to purchase the Pittsburgh Penguins and Nashville Predators, each time with the intent of moving them to Ontario.

- Garry J. Wise, Toronto

Visit our Toronto Law Firm website: www.wiselaw.net

EMPLOYMENT LAW ? CIVIL LITIGATION ? WILLS AND ESTATES ? FAMILY LAW & DIVORCE

ORIGINALLY POSTED AT WISE LAW BLOG ? SUBSCRIBE TO WISE LAW BLOG

Full post as published by Wise Law Blog on October 01, 2009 (boomark / email).

Bloggers, promote your law blog by nominating your blog for inclusion in USLaw.com's Law Blog Directory and RSS Reader. Benefits described.
Lawsuits and Settlements

Related Searches

























































































































US Law
#1 Online Legal Resource













Your Blog Subscriptions
Subscribe to blogs

10,000+ Law Job Listings
Lawyer . Police . Paralegal . Etc
Earn a law-related degree
Are you the author of this blog? Adding USLaw.com to your Blogroll increases relevance. You qualify to display a USLaw Network badge.
Suggest changes to this blog's description or nominate another for inclusion. Register for updates.


Practice Area
Zip Code:

Contact a Lawyer Now!






0.0027 secs (from cache 11/04/26 02:47:12)