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September 30, 2009

Judge rejects both bids to buy Coyotes (AP)

Filed under: News — @ 5:22 pm

FILE- In this Sept. 2, 2009, file photo, Canadian billionaire Jim Balsillie arrives  at Federal Court in Phoenix for the Phoenix Coyotes bankruptcy hearing. Balsillie has pledged to keep the Coyotes in Glendale this season if he wins an auction for the financially troubled club.  His attorneys say the club would play in Glendale this season, which opens Oct. 3, but Balsillie still intends to move the team to Hamilton, Ontario, as part of his $242.5 million bid.

A bankruptcy judge has rejected both bids to buy the Phoenix Coyotes. Judge Redfield T. Baum turned down the offers of Canadian billionaire Jim Balsillie and the NHL in a 31-page ruling on Wednesday. However, he left the door open for the NHL to buy the team if it amends its offer to provide more money to Coyotes owner Jerry Moyes and former coach Wayne Gretzky.

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