May 9, 2009 10 Comments
LOS ANGELES — The last thing commissioner Gary Bettman and the National Hockey League wants during the Stanley Cup Playoffs is embarrassing controversy off the ice and that is exactly what they have with the Phoenix Coyotes filing for Chapter 11 bankruptcy in recent days.
To be sure, there is a great deal of controversy brewing over whether or not Coyotes majority owner Jerry Moyes had the authority to file for bankruptcy and move to sell the Coyotes to Jim Balsillie, Co-Chief Executive Officer of Research In Motion, Inc., the makers of the wildly popular Blackberry.
Balsillie, who also attempted to buy the Pittsburgh Penguins and the Nashville Predators (both attempts failed), would like to move the Coyotes to Hamilton, Ontario’s Copps Coliseum. Read more of this post