Last Updated on August 3, 2009 10:27 pm by Anthony Rome
Coyotes Auction Delayed
Phoenix, AZ – A bankruptcy judge has moved the local auction of the Phoenix Coyotes from Wednesday to Sept. 10.
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Judge Redfield T. Baum also is considering combining the auction for local bidders with offers to move the team out of town.
Baum granted the delay at the NHL’s request so local bidders would have more time to finalize their offers.
There is only one local offer – a $148 million bid by a group headed by Jerry Reinsdorf, owner of baseball’s Chicago White Sox and the NBA’s Chicago Bulls.
Another local offer is being prepared by Ice Edge Holdings.
Canadian billionaire Jim Balsillie has offered $212.5 million to move the financially ailing team to Hamilton, Ontario.
Posted: 8/3/09 10:30PM ET