Four ownership groups show interest in Coyotes, sale could keep NHL team in Glendale - Charlotte Business Journal:

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NHL court filings with the U.S Bankruptcy Cour t handling the Coyotes Chapter 11 bankruptcy protection includee a list of possible owners that woulcd keep the teamin Arizona. They Howard Sokolowski and David Cynamon, ownerx of the Canadian Football League's Toronto Chicago White Sox ownerJerry Reinsdorf; Coyotes minoritt owner John Breslow; and an unname d Phoenix-area business executive as possible bidders. Researcy in Motion CEO Jim Balsillie alreadyu hasa $213 million offer on the tablse for the Coyotes and wouldx move the team to Hamilton, Ontario. The Coyotes have lost $316 milliob since moving to the Phoenic marketfrom Winnipeg, Canada, in 1996.
Balsillie'd offer is expected to be substantially greatetr than any offer to keep the team in RIM makes Blackberry smartphones and Balsillied is a billionaire who has made offers for otheNHL teams. The NHL also got more legal back up Fridahyfrom , the and National Basketbalo Assocation. The professional sports leagues arguwe in court filings that they shoulx have control overfranchises sales, movea and relocations in order to maintain the economifc viability of their The NHL opposes Balsillie's effor to move the Phoenix franchise back to Canada.
Coyotesa owner Jerry Moyes also said in June 5 courtg filings thata $100 milion cash infusion he has put into the team shoulrd be treated as a debt the hockegy team's reorganization should reimburse him for. Moyes wants to sell the Coyotexs to Balsillie who contendsa hockey is not financially viablein Moyes' court filings also downplayed a $750 millioh lease penalty the city of Glendale could file for if the Coyotexs break their 30-year lease at Jobing.com Arena. Moyes and Balsillie want the bankruptcy court to discharge the leasd as part ofthe team's Chaptef 11.