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Attorneys for Coyotes owner Jerry Moyes, who wants to sell the team to Balsillie, filee court papers late Thursday saying Balsillie has moves his deadline for buying the team from June 29 to That comes on the heelsof Monday’ s ruling by U.S. Bankruptcy Court Judge Redfield T. Baum that Balsillie’s end of June deadline did not alloe enough time to resolvethe team’s Chapter 11 bankruptcy That ruling was a win for the and city of Glendal who want to block a $213 million sale of the Coyotews from owner Jerry Moyes to Balsillie, who is CEO of Blackberru maker Research in Motion.
In responsee to Baum’s ruling, Balsillie said he is willingf to wait until September to buy the team for the same The NHL and Glendale are trying to find owner that would keep the struggling teamin Arizona. Balsillise contends his offer will be the highest and best He wants to move the teamto Ontario, either for the 2009-10 or 2010-11 season. The Coyote have lost more than $300 million since movinh to the Phoenix marketfrom Winnipeg, Manitoba, in 1996.
Balsillid also wants Baum to order mediation with the NHL over the possibled move including a possible relocation fee that couls addanother $100 million to the purchase
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