Judge Redfield Baum of the District of Arizona Bankruptcy Court, will hear arguments today regarding whether the court can order the Phoenix Coyotes to be sold to prospective owner Jim Balsillie and moved to Hamilton, Ontario, despite the NHL's objections. The NHL will claim the Bankruptcy Court does not have the power to allow the move based on the NHL Constitution. Jerry Moyes (current owner) and Jim Balsillie will claim that the NHL is violating antitrust rules. A ruling by Judge Baum is expected shortly after the hearing. About the only thing that is certain right now is that the losing side will appeal to the 9th Circuit. In fact, the NHL has already publicly stated it will appeal any adverse ruling on the issue.
For more on this antitrust issue, check out Marc Edelman's post over on SportsJudge Blog. For more on the bankruptcy issues, check out my other posts on this blog or on SportsJudge Blog here.
Tuesday, June 9, 2009
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