Phoenix bankruptcy/ownership Part XII: For a Few Dollars More
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08-07-2009, 11:52 AM
Join Date: Feb 2007
Location: Maroons Rd.
Howad Bloom: Balsillie frontrunner for ownership of Coyotes
Howard Bloom of Sportsbusinessnews.com says that with the ruling, Balsillie has to be considered the frontrunner for ownership of the franchise.
"I really think that when all is said and done, Jim Balsillie has moved from the outside to the inside," Bloom told CTV News Channel Wednesday evening. "He probably has to be considered almost the favourite."
Bloom says he expects other bids for the franchise to fall apart in the next month.
"The NHL's nightmare scenario is likely to unfold," he said.
If Balsillie does manage to win the team, the NHL could have a few tricks up its sleeve to keep him out, Bloom said.
He said the NHL could charge an exorbitant relocation fee of over $100 million
or attempt to find another bidder who would move the team elsewhere
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