The NHL’s Coyotes are staying in Phoenix after a bankruptcy judge rejected the proposed sale of the team to Canadian billionaire Jim Balsillie, who would have moved it to Hamilton, Ontario.

Judge Redfield T. Baum issued a 21-page ruling late Monday, 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.Original post by WP-AutoBlog Import

Tagged with: Bankruptcy Judge, Baum, Billionaire, Coyotes, Hamilton Ontario, Jim Balsillie, June 29, Move To Canada, NHL, Phoenix, Redfield, Victory

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