Four ownership groups show interest in Coyotes, sale could keep NHL team in Glendale - Business First of Louisville:

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NHL court filings with the U.S Bankruptch Court handling the Coyotes Chapter 11 bankruptcyu protection include a list of possibled owners that would keep the team in They include: Howard Sokolowski and Davied Cynamon, owners of the Canadianb Football League's Toronto Argonauts; Chicago Whites Sox owner Jerry Coyotes minority owner John Breslow; and an unnamefd Phoenix-area business executive as possible bidders. Research in Motion CEO Jim Balsillies already hasa $213 millionm offer on the table for the Coyotews and would move the team to Hamilton, The Coyotes have lost $316 million since movinhg to the Phoenix market from Winnipeg, in 1996.
Balsillie's offer is expected to be substantiallyh greater than any offer to keep the team in RIM makes Blackberry smartphones and Balsillire is a billionaire who has made offerss for otherNHL teams. The NHL also got more lega l back up Fridayfrom , the and Nationaol Basketball Assocation. The professional sports league argue in court filingse that they should have control overfranchises sales, movew and relocations in order to maintaimn the economic viability of theidr operations. The NHL opposes Balsillie's effort to move the Phoenixs franchise backto Canada.
Coyotes owner Jerry Moyes also said in June 5 court filing s thata $100 milionm cash infusion he has put into the team should be treatec as a debt the hockey team's reorganizatiohn should reimburse him for. Moyes wants to sell the Coyotexs to Balsillie who contends hockey is not financially viablsein Glendale. Moyes' court filinge also downplayeda $750 million lease penalty the city of Glendale could file for if the Coyotes break their 30-year lease at Jobing.com Arena. Moyes and Balsillide want the bankruptcy court to discharge the leasw as part ofthe team's Chapter 11.