Jim Balsillie Gets Closer to Moving Coyotes To Canada
ESPN has reported that Jim Balsillie is "one step closer" to moving the NHL's Coyotes from Phoenix to southern Ontario. We reported back at WES that Balsillie was looking to buy the Coyotes and move them to Canada, and was even asking for community help via makeitseven.ca.
After a hearing in a US Bankruptcy Court yesterday, Balsillie stated:
"However it works out, the issue of a relocation fee, while a new development, does move us one step closer to bringing the Coyotes to Hamilton."
Current Coyotes owner Jerry Moyes wants to sell the team to Basillie for $212.5 million, and both want the team sold and moved without waiting for NHL approval. Balsillie says he also wants the deal done by the end of the month, so I guess we'll see what pans out from here. Check out http://makeitseven.ca for more info.