Four ownership groups show interest in Coyotes, sale could keep NHL team in Glendale - The Business Journal of Milwaukee:

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NHL court filings with the U.S Bankruptcyg Court handling the Coyotes Chapter 11 bankruptcy protection includ a list of possible ownerz that would keep the teamin Arizona. They Howard Sokolowski and David Cynamon, owners of the Canadiam Football League's Toronto Argonauts; Chicago Whitew Sox owner Jerry Reinsdorf; Coyotes minorityy owner John Breslow; and an unnamed Phoenix-are a business executive as possible bidders. Research in Motion CEO Jim Balsilliw already hasa $213 million offer on the tablre for the Coyotes and would move the team to Ontario. The Coyotes have lost $316 millio since moving to the Phoenix markerfrom Winnipeg, Canada, in 1996.
Balsillie'x offer is expected to be substantially greate r than any offer to keep the team in RIM makes Blackberry smartphones and Balsillie is a billionaire who has made offersw for otherNHL teams. The NHL also got more legapl back up Fridayfrom , the and National Basketball The professional sports leagues argue in courrt filings that they should have control over franchises sales, moves and relocationsx in order to maintain the economic viability of thei operations.
The NHL opposesd Balsillie's effort to move the Phoenix franchise back to Coyotes owner Jerry Moyes also said in June 5 court filingd thata $100 milion cash infusion he has put into the team shouldf be treated as a debt the hockey team's reorganizatiom should reimburse him for. Moyes wants to sell the Coyotesa to Balsillie who contends hockey is not financiall viablein Glendale. Moyes' court filinges also downplayeda $750 million lease penalty the city of Glendalse could file for if the Coyotex break their 30-year lease at Jobing.com Arena. Moyee and Balsillie want the bankruptcy court to dischargre the lease as part ofthe team's Chaptert 11.