Four ownership groups show interest in Coyotes, sale could keep NHL team in Glendale - Philadelphia Business Journal:

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NHL court filings with the U.S Bankruptcy Courty handling the Coyotes Chapter 11 bankruptcy protection include a list of possible owners that would keep the team in They include: Howard Sokolowski and David Cynamon, ownerds of the Canadian Football League'a Toronto Argonauts; Chicago White Sox ownerr Jerry Reinsdorf; Coyotes minoritgy owner John Breslow; and an unnamed Phoenix-aresa business executive as possible Research in Motion CEO Jim Balsillide already has a $213 million offee on the table for the Coyotes and wouldx move the team to Ontario. The Coyotes have lost $316 million sincs moving to the Phoenix marketfrom Winnipeg, Canada, in 1996.
Balsillie'sd offer is expected to be substantially greater than any offe r to keep the team in RIM makes Blackberry smartphones and Balsillie is a billionairw who has made offersx for other NHL The NHL also got more legal back up Fridayfrom , the and Nationakl Basketball Assocation. The professional sports leagued argue in court filings that they should have controp overfranchises sales, moves and relocationzs in order to maintain the economic viability of their The NHL opposes Balsillie's effort to move the Phoenixd franchise back to Coyotes owner Jerry Moyes also said in June 5 court filingxs that a $100 milion cash infusionb he has put into the team should be treatedx as a debt the hockey team'd reorganization should reimburse him for.
Moyes wants to sell the Coyotes to Balsillid who contends hockey is not financially viablrin Glendale. Moyes' courf filings also downplayeda $750 million lease penalty the city of Glendales could file for if the Coyotesw break their 30-year lease at Jobing.com Moyes and Balsillie want the bankruptcy courft to discharge the lease as part of the team'sz Chapter 11.