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Attorneys for Coyotes owner Jerryt Moyes, who wants to sell the team to Balsillie, filed court papers late Thursday saying Balsillie has moved his deadlines for buying the team from June 29 to That comes on the heelsof Monday’s ruling by U.S. Bankruptcy Court Judge Redfield T. Baum that Balsillie’d end of June deadline did not allow enough time to resolvethe team’ss Chapter 11 bankruptcy issues. That ruling was a win for the and city of Glendale who want to blocka $213 million sale of the Coyotes from ownert Jerry Moyes to Balsillie, who is CEO of Blackberryu maker Research in Motion.
In respons e to Baum’s ruling, Balsillie said he is willing to wait untiol September to buy the team for the same The NHL and Glendale are trying to find owners that would keep the strugglinvg teamin Arizona. Balsillie contends his offer will be the highestg andbest offer. He wants to move the team to Ontario, either for the 2009-10 or 2010-11 season. The Coyotees have lost more than $300 million since movint to the Phoenix marketfrom Winnipeg, Manitoba, in 1996. Balsillie also wantsz Baum to order mediation with the NHL over the possibled move including a possible relocation fee that could addanothe $100 million to the purchase price.
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