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NHL Is the Loser in Phoenix Hearing

Published by on June 16, 2009
Article Source: Bleacher Report - NHL

It was looking as though a contemporary fable had begun to emerge in Phoenix, with the local NHL hockey team steeped in debt and a Canadian billionaire hoping to be the valiant saviour.

It was, after all, the third time Jim Balsillie, the RIM and Blackberry co-founder, attempted to uproot a franchise from its incumbent soil instead of tending to its needs and watering it on native ground.

It was beginning to look like vindication had allied with Balsillie, too, with Arizona Judge Redfield T. Baum acknowledging the lucrative and perhaps necessary offer submitted at $212.5 million, and a web campaign that enlisted the support of thousands of Canadians seemed to legitimize a claim for a seventh team in the Great White ...

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