Looks like the Phoenix Coyotes won't be moving to Hamilton, Ontario after all. A Bankruptcy Judge issued a ruling Monday saying a June 29th deadline imposed by intended owner Jim Balsille didn't allow enough time to resolve many issues raised in the case. Coyotes president Doug Moss, who formerly held the same position with the Sabre, says the team will likely stay in Arizona.
A tentative auction date has been set for June 22nd. There is believed to be at least three sets of owners looking to buy the financially struggling franchise, including Chicago Bulls and Chicago White Sox owner Jerry Reinsdorf. The National Hockey League has insisted the team remain in Arizona, even though the franchise has lost 300-million dollars since moving to Phoenix in 1996. The Sabres and Leafs had expressed concerned about a team in Hamilton infringing on their territories.
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