Waiting game continues for Balsillie

A U.S. bankruptcy hearing adjourned yesterday without a decision onwhether the BlackBerry boss could take part in an auction for thetroubled NHL franchise. There was no immediate word on when JudgeRedfield T. Baum will rule on the issues.

Jim Balsillie’s bid for the Phoenix Coyotes remains on hold.

A U.S. bankruptcy hearing adjourned yesterday without a decision on whether the BlackBerry boss could take part in an auction for the troubled NHL franchise. There was no immediate word on when Judge Redfield T. Baum will rule on the issues.

“I totally respect the court process. Whenever he rules it I will respect his ruling,” Balsillie said.

“I still think our bid is best by far — the best for creditors, for fans and the long-term viability of the team. All I wanted from the very beginning is a chance for a level-playing-field court-supervised auction where we could participate.”

“The process continues but we are getting closer to a culmination of these proceedings,” said NHL commissioner Gary Bettman, who added he was not disappointed that Baum did not make a ruling yesterday.

Balsillie and Bettman were both in court expecting a key decision on the future of the Coyotes.

 
 
Latest From ...
Most Popular From ...