Phoenix Bankruptcy Part XX: There Will Be Baum
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09-21-2009, 05:17 PM
Cookin' with fire.
Join Date: Mar 2005
Originally Posted by
Wednesday emergency hearing
Thursday one last day for Baum to make his decision
Friday morning he makes his Decision
Friday afternoon Jim Balsillie goes home crying(on the inside).
On thursday, Baum rules in favor of the league by virtue of Balsillie not being able to pick and choose what parts of executory contracts he assumes and the league's legal right to choose its partners as established by the NHL constitution. Balsillie's bid is tossed, NHL's stays. However, he leaves open any anti-trust options by bouncing it to a more relevant court.
NHL takes control of the franchise. Balsillie launches an antitrust suit that he eventually loses because relocation was never voted on, but that outcome is about a year or more later.
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