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Latest Redfield Baum Stories

2009-09-30 20:59:08

A bankruptcy judge Wednesday rejected a bid to buy the Phoenix Coyotes by a Canadian businessman who had hoped to move the team to Hamilton, Ontario. The judge also turned down an attempt by the NHL to purchase the franchise, but said he would reconsider the league's offer if more compensation was made to bankrupt owner Jerry Moyes and former Coach Wayne Gretzky. The Coyotes are scheduled to open their season in Los Angeles Saturday amid continuing concerns about their future. Moyes filed for...

2009-09-23 20:25:59

The NHL learned Wednesday the Phoenix Coyotes would remain in place throughout the upcoming season, no matter who winds up owning the team, court records show. The fate of the Coyotes rests with a bankruptcy judge, whose court will eventually decide which of two outstanding offers to buy the team will prevail. Franchise owner Jerry Moyes filed for bankruptcy in May, leaving the future of the team in the court's hands. Canadian businessman Jim Balsille has submitted a bid to purchase the team...

2009-08-26 14:31:25

Jerry Reinsdorf, chairman of baseball's Chicago White Sox, has abandoned his plan to purchase the NHL's Phoenix Coyotes. Chicago's majority owner had reached an agreement Aug. 11 with Jerry Moyes, majority owner of the Coyotes, to buy the bankrupt NHL franchise, but the Reinsdorf group failed to meet a court-mandated sale deadline Tuesday to buy the Coyotes and keep them in Glendale. In a statement, the Reinsdorf group called Moyes an unwilling seller. It is unfortunate "¦ We have...

2009-08-25 19:10:12

The fate of the Phoenix Coyotes National Hockey League took another turn Tuesday when the NHL said it had filed its own bid to buy the troubled franchise. NHL Deputy Commissioner Bill Daly didn't say how much the league was willing to pay to take the franchise out of bankruptcy but made it clear it intends to try to keep it in Arizona. He said if the league's bid is approved by the court, it would then turn around and sell the team to a third-party buyer. Today, the league filed its own bid...

2009-07-29 21:29:21

The NHL has blocked an attempt to move the Phoenix Coyotes to Hamilton, Ontario, instead approving a sale to a U.S. group, the league announced Wednesday. Commissioner Gary Bettman said the league's board of governors had turned down a bid from billionaire Jim Balsillie to buy the team. Balsillie had said he wanted to end the franchise's 13-year stay in Phoenix and return it to Canada. Instead, the board approved the sale of the financially troubled Coyotes to a group headed by Jerry...

2009-06-27 14:02:26

Chicago Bulls owner Jerry Reinsdorf heads a group offering $148 million to buy the Phoenix Coyotes, an NHL executive has confirmed. The league said in a statement before the NHL draft that the offer was submitted in bankruptcy court documents in Phoenix Friday afternoon. We're aware the offer has been made, NHL Deputy Commissioner Bill Daly said. We're pleased there's an offer to own and operate the Coyotes in Phoenix. The league said the offer by the Reinsdorf group calls for a new...

2009-06-15 22:52:39

A bankruptcy judge has rejected the proposed sale of the Phoenix Coyotes to an investor who wanted to move the NHL team to Canada. Billionaire Jim Balsillie wanted to take the club to Hamilton, Ontario. But Judge Redfield T. Baum said he didn't think unresolved issues would be presented and settled by a June 29 deadline. Baum also canceled a June 22 auction date for the bankrupt team. Coyotes' owner Jerry Moyes filed for Chapter 11 reorganization last month with a proposed sale to PSE Sports...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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