Tag: gary bettman

Make it Seven update: only Jim Balsillie and the NHL are left

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Ice Edge Holdings have withdrawn from the auction for the Phoenix Coyotes, leaving only Jim Balsillie and the NHL left in the auction.

PSE Sports and Entertainment, the company used by Jim Balsillie to bid for the team, have recently upped their bid potential to $242.5 million USD. The condition of the bid of course, is that the team be relocated to Hamilton in order to give Canada its 7th hockey team.

The NHL is bidding $140 million, but plans to sell the team immediately after acquiring it.

So lets take a look at the last two candidates:

Jim Balsillie – Hockey lover, esteemed business man and the largest bidder.

The NHL – Protectionist boobs who want to flip the team like an old house.

According to the Gary Bettman, the NHL commissioner, “the league intends to resell the franchise as promptly as possible, hopefully to an approved owner who will keep the club in Glendale.” But Glendale have already shot themselves in the foot on this one. They had the chance to come to an agreement with Ice Edge Holdings, but it wasn’t going to happen. While it’s not clear why, Ice Edge told the media “We couldn’t get there with the City of Glendale.”

So the City is too greedy and the NHL are bidding too low for a franchise they don’t even want.

Can this please be over with already?

[Via]

Make it Seven campaign update: Gary Bettman’s BlackBerry

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gary_bettman_blackberry

Aislin Editorial Cartoon in the Gazette.

Balsillie hasn’t been having much success these days in the courtroom but the man has perseverance and money, so don’t underestimate his ability to get whatever he wants.

Next week, there will be a court hearing as to the fate of the Phoenix Coyotes and whether or not they’ll be moving to Hamilton to become Canada’s seventh hockey team.

Most recently, team owner Jerry Moyes and Jim Balsillie have had their lawyers request that the courts turn over documents relating to the sale of the team, as well as they have asked for consent in the examination of commissioner Gary Bettman and deputy commissioner Bill Daly. This isn’t going to make Bettman very happy, which is why the above editorial cartoon sums things up nicely.

If the request goes through, Bettman is going to have a lot of tough questions to answer. The NHL has rejected Balsillie as a potential owner but they’ve yet to provide an adequate explanation as to why. The examination will also try and expose the reasoning behind the NHL’s argument that it isn’t possible to move the Coyotes in time for the start of the 2009-2010 season coming in October.

So it’s still anyone’s game at this point. Join the Make it Seven campaign today.

[Via]