NHL Has “No Agreement” to Move Coyotes

The National Hockey League is sticking by its intention to keep the Phoenix Coyotes locked in Arizona for a good long while. Deputy commissioner Bill Daly was responding to a report in the Phoenix Business Journal that suggested that oronto billionaire David Thomson has an agreement in principle with the club with the intention toContinue reading “NHL Has “No Agreement” to Move Coyotes”

Reinsdorf’s Bid is Out, NHL and Ice Edge Bids are In

In the seemingly endless saga of the Phoenix Coyotes, a new development has some analysts scratching their heads. The group headed by Jerry Reinsdorf has pulled out of the proceedings to purchase the beleaguered franchise, while a separate bid from a partnership of Canadian and American investors together with the NHL put their own bidsContinue reading “Reinsdorf’s Bid is Out, NHL and Ice Edge Bids are In”

Balsillie Submits Amended Proposal

Jim Balsillie is nothing if not persistent when it comes to his desire to take the Phoenix Coyotes franchise and move them to Hamilton. Today Balsillie submitted an amended proposal to buy the Coyotes at a price tag of $212.5 million with a move to Hamilton in the cards whether the league likes it orContinue reading “Balsillie Submits Amended Proposal”

Reinsdorf Reaches Agreement in Principle for Coyotes

Jerry Reinsdorf’s group has reached an agreement in principle for the Phoenix Coyotes franchise. The deal was reached with the franchise’s largest creditor, SOF Investments, and included a “substantial pay-down” of what the group is owed. The rest will be rolled over into what is known as an ongoing debt. In other words, Reinsdorf’s ownershipContinue reading “Reinsdorf Reaches Agreement in Principle for Coyotes”

Jerry Moyes Challenges Reinsdorf Bid

In the latest news from the saga that just won’t quit, Phoenix Coyotes owner Jerry Moyes is challenging the bid on his team from Jerry Reinsdorf. As most of you know, the Reinsdorf bid has NHL approval. Moyes filed a motion in Arizona bankruptcy court on Thursday that stated that there the bid “cannot beContinue reading “Jerry Moyes Challenges Reinsdorf Bid”