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It's an exciting time for professional hockey in Southern Ontario and it has nothing to do with the playoffs. Jim Balsillie has made an offer to purchase the Phoenix Coyotes and relocate them to Southern Ontario. Jim stated, "I am excited to move closer to bringing an NHL franchise to what I believe is one of the best un-served hockey markets in the world". Read the full release statement here.
We are building an exciting online community to help promote bringing Canada its seventh franchise. Sign up here for updates and alerts as we build this site and show the hockey world that we are ready!
Together, we can make it seven!
Or reading their press release, or "full release statement" as they call it.
Interesting enough that statement is:
TORONTO (May 5, 2009) – Jim Balsillie tabled an offer today to purchase the Phoenix Coyotes, following the team’s bankruptcy filing. The offer to purchase the team for $212.5 million (U.S.) is conditional on relocation to Southern Ontario, to become the seventh NHL franchise in Canada.
So in other words, this isn't really a deal at all if it's conditional on them relocating which needs to be agreed to by the NHL.
I wonder how many Coyote fans have joined up so far? If they don't want to join the mailing list, they can always join makeitseven.com on twitter. Nothing like using the monster you helped create to your best advantage.
It's going to be an interesting fight considering how the NHL just pumped quite a bit of cash into that franchise to keep it where it is.
Gary Bettman on the NHL Hour on XM 204 and NHL.com live today from 4 - 5 pm will probably be asked about this for the entire hour. I'm thinking this is the same thing as Brian Burke telling everyone he's getting John Tavares at the draft in June.
Is there something in the water in Toronto when there's no hockey going on? Seriously...
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The other owners don't want him, plain and simple. Bettman will be empowered to pay off the secured creditors, who don't give a fig about the unsecured creditors. Then Bettman will find some other more acceptable owner, perhaps from Kansas City.
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