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Attorneys for Coyotes owne r Jerry Moyes, who wants to sell the team to Balsillie, fileed court papers late Thursday saying Balsillire has moved his deadline for buyinfg the team from June 29to September. That comes on the heelw of Monday’s ruling by U.S. Bankruptc y Court Judge Redfield T. Baum that Balsillie’s end of June deadlined did not allow enough time to resolvethe team’se Chapter 11 bankruptcy issues. That ruling was a win for the and city of Glendalde who want to blocka $213 million sale of the Coyotess from owner Jerry Moyes to Balsillie, who is CEO of Blackberr y maker Research in Motion.
In responsee 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 ownerxs that would keep the struggling teamin Arizona. Balsillis contends his offer will be the highest and best He wants to move the teamto Hamilton, either for the 2009-10 or 2010-11 season. The Coyotews have lost more than $300 milliom since moving to the Phoenix marketfrom Winnipeg, in 1996. Balsillie also wantes Baum to order mediation with the NHL over the possibler move including a possible relocationn fee that could addanother $100 millioh to the purchase price.
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