Balsillie’s Bid For Coyotes Is Rejected

The old saying is that the third time is the charm. Jim Balsillie has attempted to buy the Pittsburgh Penguins and the Nashville Predators but failed both times. In his third attempt to buy an NHL franchise, the RIM CEO targeted the Phoenix Coyotes for a move to Hamilton. However, just like the last two tries, Jim was denied a chance to make it seven. Continue reading

Murky Details Around Phoenix Coyotes Bankuptcy

More details have emerged surrounding the bankruptcy filing by the Phoenix Coyotes on Tuesday. The NHL appears to be caught off guard by the bankruptcy petition and for good reason. It is believed that the league may have taken over operations of the team earlier in the year. Continue reading

Phoenix Coyotes Declare Bankruptcy

Breaking news this evening.  The ownership group of the Phoenix Coyotes have filed for Chapter 11 bankruptcy.  The bankruptcy filing also included a proposed sale to a group called PSE Sports & Entertainment, LP.  The sale would involve the team moving to southern Ontario.

Say it with me: “Ladies and gentlemen, here is the starting line-up of your Hamilton Blackberries…”

For more details, click here.

UPDATE: The National Post confirms that RIM CEO Jim Balsillie is part of the PSE bid.

READ MORE: Murky Details Around Phoenix Coyotes Bankuptcy