Wednesday, September 9, 2009

All signs point to JimBalls?

Over the duration of the Pheonix Coyotes ownership saga, Jim Balsillie has taken some lumps. And for a while there it wasn't looking good for JimBalls. It's clear Gary Bettman really hates the guy, so that doesn't help. The league's board of governors recently unanimously rejected Balsillie as a prospective owner.

But things have started to go his way.

Yesterday Ice Edge Holdings, the third party about to take part in Thursday's auction for the Pheonix Coyotes, has dropped out of the mix. That leaves Jim Balsillie's $242.5 million bid up against the NHL's bid of just $140 million.

There is the obvious reason Balsillie may get favourited by the judge. The judge has to choose the bid that is best for the owner Jerry Moyes -- who's lost millions during his time with the Coyotes.

I would say millions of dollars extra, are better for him.

Moyes has publically said the NHL needs to come to its senses in terms of their bid. He's says the NHL needs to add $80 million to their bid to bring it in line with Balsillie's original bid of $212.5 million.

Balsillie has put concessions in his bid package that gives $50 million to the city of Glendale, Arizona for losses incurred by the loss of the team.

Moyes is so outraged by the possibility of having to accept the NHL bid that his lawyers filed a motion to have the NHL's bid thrown out.

Another thing that should push the bidding in Balsillie's favour, is that the NHL, who despite arguing against Balsillie because he wanted to move the team, is willing to move the team themselves at the end of the 2009-10 season if the team is not making money.

I can't guarentee much. But I can pretty much guarentee that the Pheonix Coyotes will not make money this season.

I can't wait until Thursday and Friday to see what comes out of the process.

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