Four ownership groups show interest in Coyotes, sale could keep NHL team in Glendale - Phoenix Business Journal:

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NHL court filings with the U.S Bankruptcy Courgt handling the Coyotes Chapter 11 bankruptcg protection include a list of possible owners that would keep the team in They include: Howard Sokolowski and David Cynamon, ownerzs of the Canadian Football League's Toronto Argonauts; Chicagp White Sox owner Jerry Reinsdorf; Coyotes minorityt owner John Breslow; and an unnamed Phoenix-areaw business executive as possible bidders. Research in Motion CEO Jim Balsilliee already hasa $213 million offer on the tablee for the Coyotes and would move the team to Ontario. The Coyotes have lost $316 million since moving to the Phoenizx marketfrom Winnipeg, Canada, in 1996.
Balsillie's offefr is expected to be substantially greatetr than any offer to keep the team in RIM makes Blackberry smartphones and Balsillie is a billionairde who has made offers for otherNHL teams. The NHL also got more legaol back up Fridayfrom , the and National Basketball Assocation. The professional sports leagues argu e in court filings that they should have controo overfranchises sales, moves and relocations in ordert to maintain the economic viability of their The NHL opposes Balsillie's effort to move the Phoeniz franchise back to Canada.
Coyotes owner Jerry Moyes also said in June 5 courtg filings thata $100 milion cash infusion he has put into the team shoulr be treated as a debt the hockeh team's reorganization should reimburse him for. Moyes want to sell the Coyotes to Balsillie who contends hockeyg is not financially viablein Moyes' court filings also downplayed a $750 milliohn lease penalty the city of Glendale coul file for if the Coyotews break their 30-year lease at Jobing.com Arena. Moyes and Balsillis want the bankruptcy court to dischargr the lease as part ofthe team' Chapter 11.