1) For those who have been following this disgraceful situation in Phoenix the past 6 months the situation seems to change by the hour as the decision by the bankruptcy judge gets closer. The facts, even for experienced attorneys, are hard to decipher and get a hold of. We get different opinions from almost every lawyer Fauxrumors tries to ask for advice on this. so we've stopped asking. LOL
2) What is apparent from a non attorney angle is that both sides are preparing for an epic battle. With each passing day the other side 'ups the ante' a little. The latest to do so was from Jim Balsillie. He has increased his (already highest bid) offer from 212 million to 250 or so million. Significantly eclipsing the 147 the NHL has on the table. Keep in mind that the NHL is involved in the bidding process ONLY to prevent Balsille from gaining control over the franchise and moving it to Hamilton. Bettman and the owners have already made their opinions known about how they feel about Balsillie as a partner (They don't want him EVER!). So when Jerry Reinsdorf and his group pulled out it left a vacuum that the NHL was forced to fill with their bid.
3) The NHL the day prior upped the ante by stating that the moving cost of transferring the franchise from Phoenix to Hamilton Ontario would not be anywhere near the 15 million that Balsillie's side had stated, but closer to 150 million( A tad of a discrepancy). The new Balsillie offer is designed to placate the city of Glendale for the Coyotes breaking their lease. Its certainly an intriguing/smart move by Balsillie. Nobody has yet to satisfy the local government, and even the NHL's offer has a provision to move after next season, possibly leaving the city out in the cold and no monetary compensation. Balsillie addresses this hoping it will help sway both the city and more importantly the judge to allow him to bid and win the right to buy the team and move it before the season starts or at the very least by mid season.
4 So whats next? With the hours ticking away to Thursday's auction its likely the NHL will also up ts bid/ante and or state that the franchise can not be purchased by anyone they don't approve. Threatening to immediately dissolve the franchise IF the judge affirms Mr. Balsille with the winning bid. So far the NHL has stayed just short of that threat. Its their last possible move other than matching Balsillie's offer dollar for dollar(another possibility) What is certain, both sides are prepared to "Go All In" for the right to own/control the team. NO ONE at this late juncture can tell who will win this epic battle in the desert, but its a soap opera that's likely NOT to end even after Thursday! Stay tuned folks.