Kukla's Korner

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The Balsillie Scheme

from Paul Hunter of the Toronto Star,

Canadian billionaire Jim Balsillie devised a “self-serving scheme” to put the Coyotes into bankruptcy in order to force it to be relocated, according to documents filed by the NHL into bankruptcy court yesterday.

Further, according to the NHL’s document, Balsillie “co-opted” Phoenix owner Jerry Moyes into his plan “with an offer of cash, which Mr. Moyes was only too eager to take.”

The NHL made its claim in a document filed to support its contention that Bill Daly, the league’s deputy commissioner, should manage the business affairs of the Coyotes, rather than Moyes, and a bankruptcy trustee should replace Moyes at the team’s helm.

continued

Filed in: NHL Teams, d, NHL Talk, NHL Business of Hockey, | KK Hockey | Permalink
  Tags: jim+balsillie

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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 pk@kuklaskorner.com

 

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