August 20, 2014
PHOENIX (AP) - Canadian billionaire Jim Balsillie says he's "one step closer" to bringing the Phoenix Coyotes to southern Ontario.
Balsillie made the statement on his Web site Wednesday, a day after a bankruptcy court hearing on his bid to buy the Coyotes and move them over the objections of the NHL.
Judge Redfield T. Baum indicated the NHL is entitled to a relocation fee, and if Balsillie balks at the fee as too high, his bid would evaporate. But Balsillie insists that although the fee is a "new development" it does "move us one step closer" to bringing the Coyotes to Hamilton, Ontario.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.