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02-14-2013, 12:05 AM
Just the tip!
madhi19's Avatar
Join Date: Jun 2012
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Originally Posted by aqib View Post
Balsilie was turned down as an owner because of his desire to move the team. If you go back and read the judge's opinion the judge said something to the effect that he assumed if Balsillie was planning to keep the team in AZ the league wouldn't have a problem with him. Also it wasn't that Moyes couldn't sell the territory that didn't belong to him it was that you couldn't use bankruptcy to supercede the franchisees rule. It specifically sited moving a McDonalds franchise to NYC as an example of something you couldn't do.

It was spelled out in Baum's ruling which I am too lazy to Google because there are so many different rulings in that case.
I don't want to rehash old history but Baum really erred in that ruling. His first and only duty as a bankrupcy Judge was to protect credditors not the business model of North American pro-sports. He should have at least forced the NHL to match or get the hell out of the way.

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