BlackBerry Owner Looking to Buy Coyotes, Move them to Ontario

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BlackBerry boss Jim Balsillie is looking to buy the financially ailing Phoenix Coyotes and move them to Ontario.

The co-CEO of BlackBerry maker Research In Motion says his $212.5 million offer is conditional on the Coyotes relocating to Canada, where they existed as the Winnipeg Jets before moving to Phoenix for the 1996-07 season.

"The current team ownership asked that I table an offer to purchase the Coyotes and significant discussions resulted in an offer that is in the best interests of the franchise, the NHL, and the great hockey fans of Canada and Southern Ontario," Balsillie said Tuesday in a statement.

Balsillie had made previous failed attempt to purchase the Nashville Predators and Pittsburgh Penguins with the hope of moving them to Hamilton, Ontario.