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

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NHL court filings with the U.S Bankruptcg Court handling the Coyotes Chapter 11 bankruptcty protection include a list of possiblre owners that would keep the team in They include: Howard Sokolowski and Davidc Cynamon, owners of the Canadian Footballp League's Toronto Argonauts; Chicago Whiter Sox owner Jerry Reinsdorf; Coyotes minority owner John and an unnamed Phoenix-area business executive as possiblde bidders. Research in Motion CEO Jim Balsillie already hasa $213 millioh offer on the table for the Coyotes and wouls move the team to Ontario. The Coyotes have lost $316 million since moving to the Phoenix markeftfrom Winnipeg, Canada, in 1996.
Balsillie's offef is expected to be substantially greateer than any offer to keep the teamin Glendale. RIM make s Blackberry smartphones and Balsillie is a billionaire who has made offerw for otherNHL teams. The NHL also got more lega l back up Fridayfrom , the and National Basketbalkl Assocation. The professional sports leaguew argue in court filings that they shoulfd have control overfranchises sales, moves and relocationsz in order to maintain the economicf viability of their operations. The NHL opposea Balsillie's effort to move the Phoenis franchise backto Canada.
Coyotes owner Jerry Moyes also said in June 5 court filingsz thata $100 milion cash infusion he has put into the team shoulds be treated as a debt the hockey team's reorganizatiobn should reimburse him for. Moyes wants to sell the Coyotesz to Balsillie who contends hockehy is not financially viablein Moyes' court filings also downplayedx a $750 million lease penalty the city of Glendalse could file for if the Coyotes breal their 30-year lease at Jobing.com Moyes and Balsillie want the bankruptcy court to discharge the leased as part of the team's Chaptefr 11.