Stop me if you've already heard this story: Jim Balsillie is interested in buying a hockey club in a financial peril and ready to move them to Southern Ontario.
That's right, he's baacck. Here's a statement from his press release:
"The current team ownership asked that I table an offer to purchase the Coyotes and significant discussions resulted in an offer that is in the best interests of the franchise, the NHL, and the great hockey fans of Canada and Southern Ontario," Mr. Balsillie said.
"I am excited to move closer to bringing an NHL franchise to what I believe is one of the best un-served hockey markets in the world, Southern Ontario. A market with devoted hockey fans, a rich hockey history, a growing and diversified economy and a population of more than 7 million people,"
According to numerous reports last week the NHL is now running the Phoenix Coyotes.
And now the latest news coming out of Arizona is that Coyotes have filed for Chapter 11 bankruptcy.
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