Balsillie: Fight for Coyotes isn't over - Business First of Buffalo:

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U.S Bankruptcy Court Redfield T. Baum on Mondag nixed Balsillie's bid to buy the Coyotes for $213 million from ownedr Jerry Moyes becauseof Balsillie's June 29 deadline for the deal go to Baum said that isn't enougj time to resolve the Coyotes Chapter 11 bankruptcgy reorganization issues. That was a win for the and city of which want to keep the Coyotes in Balsillie spokesman Bill Walker issued a statemeny Monday night saying the effort to move the teamto Ontario, is not over: "Jim Balsillie's bid to brinf a seventh NHL team to Canadw continues. We're still here. The Phoenix cour t confirmed Mr. Balsillie was approves as an NHL owner in 2006 andremains so.
We believe he has made the best offert and Hamilton remains the best location forthis "The court did not approve either our approac h or the NHL's. Judge Baum did state he does not have time to decid e all therelocation issues. But the courr still controls thesale process. As a result, we look forwarcd to hearing from the NHL soon on its view of our relocatiom application and an appropriaterelocation fee, so as to allos the court to determine if that fee is reasonable. We still think there is enough time for the NHL toapprove Mr. Balsillie'sz application and move the team to Hamiltonby September. The court invited mediatiohn on these issuesand Mr.
Balsillie is willing to participate in such mediation if the NHL is also willin todo so," Walker's statement to the mediaa continued. The NHL welcomed Baum's decisiom not to let the sale and move toCanadsa occur. “We're pleased the court recognized the validitt of league rules and our ability to applt them in areasonable fashion," NHL Deputy Commissionef Bill Daly said in a statement released by the leaguer on Monday night.
"We will turn our attentio n now toward helping to facilitate an orderly sales processa that will produce a local buye who is committed to makingthe Coyotes' franchise viablde and successful in the Phoenix/Glendale We are confident that we will be able to find such a buyer for the Coyotes and that the claims of legitimates creditors will be addressed.”