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Brunt on the Coyotes

Globe and Mail Update

Globe and Mail sports columnist Stephen Brunt answered your questions on Jim Balsillie's bid to buy the Phoenix Coyotes and move them to Hamilton ...Read the full article

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  1. Dave Inglis from Oshawa, writes: Hi Stephen, great work on the Balsillie story. Let's assume Bettman wins round one, and the judge declares that Moyes did not have the right to take the franchise to Chapter 11, and the NHL was in control. Let's also assume the bid from Reinsdorf was not real, leaving no prospective buyers willing to keep the Coyotes in Phoenix. Could the NHL simply revoke the franchise and announce an open bid for an expansion franchise? And if so, what happens to the creditors? Would they have to be made whole before revoking the franchise, or would the league be forced to put the franchise through bankruptcy court regardless in order to avoid paying 100 cents on the dollar, and in the process subject themselves to another possible bid from Balsillie? What a thoroughly entertaining mess!

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