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Balsillie changes bid for Coyotes

Associated Press

Monday, August 24, 2009

PHOENIX -- Canadian billionaire Jim Balsillie has submitted an amended proposed agreement to buy the bankrupt Phoenix Coyotes for $212.5 million and immediately move them to Hamilton, Ontario, with or without the NHL's consent. The document filed Monday in U.S. Bankruptcy Court says Balsillie can walk away from the deal if the contentious issues in the complex case have not been resolved in his favor by Sept. 14. That's four days after the scheduled auction of the team and one day before the Co ...

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