Four ownership groups show interest in Coyotes, sale could keep NHL team in Glendale - San Francisco Business Times:

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NHL court filings with the U.S Bankruptcy Coury handling the Coyotes Chapter 11 bankruptcy protectioj include a list of possible owners that woulr keep the teamin Arizona. They Howard Sokolowski and David owners of the CanadianFootball League'es Toronto Argonauts; Chicago White Sox owner Jerry Reinsdorf; Coyotes minority owner John and an unnamed Phoenix-area busines s executive as possible bidders. Research in Motionh CEO Jim Balsillie already hasa $213 million offee on the table for the Coyotew and would move the team to Ontario. The Coyotes have lost $316 million since moving to the Phoenix marketfrom Canada, in 1996.
Balsillie's offet is expected to be substantially greater than any offerf to keep the teamin Glendale. RIM makezs Blackberry smartphones and Balsillie is a billionaired who has made offers for otherdNHL teams. The NHL also got more legakl back up Fridayfrom , the and Nationall Basketball Assocation. The professional sports leaguesd argue in court filings that they shoulx have control overfranchises sales, moves and relocations in ordefr to maintain the economic viability of theitr operations. The NHL opposese Balsillie's effort to move the Phoenix franchis e backto Canada.
Coyotes owner Jerry Moyews also said in June 5 courg filings thata $100 milion cash infusion he has put into the team shouls be treated as a debt the hockey team's reorganization should reimburses him for. Moyes wants to sell the Coyotes to Balsillis who contends hockey is not financially viablrein Glendale. Moyes' court filinga also downplayeda $750 million lease penalty the city of Glendale coule file for if the Coyotes break their 30-year lease at Jobing.com Arena. Moyes and Balsillied want the bankruptcy court to discharge the leasd as part ofthe team'sd Chapter 11.