Wednesday, August 26, 2009
Big activity in the thrilling world of bankruptcy court yesterday. Gary Bettman's great white hope Jerry Reinsdorf's group has pulled out of the Phoenix Coyotes sweepstakes. This leaves potential suitors as uh, hmm, that guy, and uh, yeah, that group. Yeah, that's the ticket. You know, that guy?
Seriously, from the NHL's perspective, this leaves no one. Which is why the NHL yesterday submitted its own bid to buy the team. Gah! Any fan of the Montreal Expos will tell you how well a league-owned team can succeed. Although Bill Daly swears the NHL would flip it to a third party like some used car, how the fuck can they find a buyer when no buyer has come forward so far, when the price is bankruptcy-cheap?
There is another group who bid yesterday, a group of investors called Ice Edge Holdings. Ooh, edgy. This is the same group that earlier wanted to have the Yotes play some games in Saskatoon and other small Canadian markets. Chibougamau, the NHL is on the way!
Why yes, that is Jimmy Balls over there in the corner, alternatively weeping and smiling.