Balsillie Closer to Being NHL Team Owner
September 9, 2009 by Jeanne Dupuis
Filed under NHL, News, Phoenix Coyotes
The NHL upped the price on the Phoenix Coyotes and set a relocation price of somewhere between $101 million and $195 million in documents. At that time, three buyers had placed bids on the team – James Balsillie’s PSE Sports and Entertainment, Ice Edge and the NHL itself.
Ice Edge holdings has dropped out of the race saying that they intended to pay up to $150 million USD to buy and keep the Coyotes in Arizona (as long as they came to some sort of lease agreement with the city of Glendale).
This leaves the NHL and Balsillie as the only …read more
