Kukla's Korner Hockey
by Paul on 05/26/09 at 06:55 PM ET
from David Shoalts of the Globe and Mail,
Jim Balsillie says he will withdraw his bid for the Phoenix Coyotes if a sale cannot be completed by the end of June.
In a document filed on Tuesday with the U.S. Bankruptcy Court, Thomas Salerno, a lawyer for Coyotes owner Jerry Moyes, said Balsillie notified the Coyotes that he made this ultimatum because he “nor any other known entity will fund another year of significant losses.”
Be the first to comment.
Add a Comment
Please limit embedded image or media size to 575 pixels wide.
Most Recent Blog Posts
About Kukla's Korner Hockey
Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.
From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.
Email Paul anytime at firstname.lastname@example.org