Tuesday, June 16, 2009

Dead Team Walking!

1) With a favourable ruling by Judge Redfield T. Baum in the Phoenix Coyotes bankruptcy case late yesterday the possibility of the franchise moving to Hamilton with Jim Balsillie at the helm took a major hit. Making it an almost certainty that the team will remain in Phoenix for the upcoming 2009-2010 season.

2) The judge didn't say that Balsillie's offer didn't have merit, but said there were to many aspects of the issue to be resolved over such a small window of time. He would have to not only rule in favour of one party to take control of the team, but in the case of Balsillie's bid, have to include a very complicated issue of a 'relocation fees', etc.

3) With all that decided its now down to 4 or so nebulous offers that few (if any) know the details about. There is the supposed Reinsdorf offer. Possibly one from the Toronto Argo's(CFL) ownership group, and a couple of others that seem even more far fetched. What we believe is clear though is that regardless of who ultimately gets possession of the team, the days in Phoenix are numbered. Even with concessions from the city of Glendale (which is NO slam dunk seeing that 70%+ of the populace is against such a move) the team would still be hemorrhaging money, so a move to another (100% chance) US locale is inevitable. We believe as early as the 2010-2011 season. The front runner of course would be KC. Therefore this next season the Coyotes will be a Dead Team Walking!

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