July 25, 2014
PHOENIX (AP) - The Coyotes are staying in Phoenix.
A bankruptcy judge has rejected the proposed sale of the team to
Canadian billionaire Jim Balsillie, who would have moved the team to Hamilton, Ontario.
Judge Redfield T. Baum issued a 21-page ruling late Monday afternoon, concluding that the June 29 deadline imposed by Balsillie did not allow enough time to resolve the many issues raised in the complex case.
The ruling is a victory for the NHL, which had argued Balsillie was using the U.S. Bankruptcy Court to make an end-run around the league's rules over who owns teams and where they are located.
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