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Jim Balsillie, Southern Ontario Rejected: Pheonix and MLSE Rejoice

Published by on June 15, 2009
Article Source: Bleacher Report - NHL

According to The Globe and Mail, Canadian billionaire Jim Balsillie has been denied in his bid to buy the Phoenix Coyotes, with an Arizona bankruptcy court judge opting not to approve a motion to sell the team and allow it to move to southern Ontario.

Judge Redfield T. Baum’s decision was filed Monday night.

“Simply put, the court does not think there is sufficient time (14 days) for all of these issues to be fairly presented to the court given that deadline,” Baum wrote. “In making that statement, the court recognizes the diligent efforts and hard work by all parties and their attorneys, including all attorneys’ professionalism under trying circumstances, in presenting their respective po...

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