Jim Balsillie, the co-CEO of Blackberry maker Research In Motion who has tried to purchase the Nashville Predators and the Pittsburgh Penguins hockey teams, has made a conditional bid to purchase the Phoenix Coyotes. The condition is that the team once known as the Winnipeg Jets relocate to Canada.
No surprise there.
The Coyotes declared bankruptcy on Tuesday, which resulted in the NHL stripping team owner Jerry Moyes from "all positions of authority."
NHL Deputy Commissioner Bill Daly issued a statement regarding the move that read, "We have just become aware of today's Bankruptcy Court filing purportedly made on behalf of the Phoenix Coyotes. We are investigating the circumstances surrounding the petition, including the propriety of its filing. We have removed Jerry Moyes from all positions of authority to act for or on behalf of the Club. The League will appear and proceed before the Bankruptcy Court in the best interests of all of the Club's constituencies, including its fans in Arizona and the League's 29 other Member Clubs."
For more on the situation with Phoenix, click here.
POSTDATA: WARRANTY DEEDS