• Hoping that August will bring good health, safety, and prosperity to you. Keep improving!

  • “If You Want Someone To Trust..Trust Yourself” Bob Dylan

  • I’m not a medical pro, On whose advice you should heed, So please beware that, What works for me, May not be what you need (aka Waiver of Liability)

  • Copyright Information: All information on this blog site is copyrighted and protected. Any unauthorized duplication is illegal and will be dealt with appropriately.

  • Hire Me!

    If you've been impressed with my writing on this blog, and are in need of a writer to advance you to the next stage...kindly click on the "Hire Me and Contact Me" page above for more information. Thanks! MarieB
  • Stipulations

    This site does not contain advertising nor accept any paid advertising. This site has no funding sources and is not searching for any. There are no paid link exchanges on this site. The links I list are my personal favorites, with no monetary involvement. All the information about my total knee replacement surgery is written by me is via my personal experience. I am not receiving compensation from any organization for anything I write on this blog.
  • Confidentiality of data

    Your personal data is held in strict confidence. No email addresses will be shared. I value your privacy. Any comments you make on this site will be available for all readers to see. Once you post a comment on this site, it cannot be modified or erased by you.
  • Categories

  • Recent Comments

    Marie B on One Year Post TKR Update
    Cynthia Brooks on One Year Post TKR Update
    Sadie Lipsey on 7 Ways to Speed Up Your Knee R…
    Nancy on Does Your Total Knee Replaceme…
    Donna Hill on Does Your Total Knee Replaceme…
  • July 2009
    S M T W T F S
    « Jun   Aug »
     1234
    567891011
    12131415161718
    19202122232425
    262728293031  
  • My Tweets

  • BLOGROLL – Pardon..In Progress

  • Writing Blogs - Blog Catalog Blog Directory
  • Bloglisting.net - The internets fastest growing blog directory
  • Ebook sites I’m listed with…


    Where authors and readers come together!

Looks like the Phoenix Coyotes stay in Phoenix…

Here is the article from NHL.com and Twitter feeds:

CHICAGO (AP) – The NHL Board of Governors approved a bid Wednesday by Jerry Reinsdorf to assume ownership of the financially troubled Phoenix Coyotes, and unanimously rejected an application by Canadian billionaire Jim Balsillie to buy the team.

The group headed by Reinsdorf, the owner of the Chicago White Sox and Chicago Bulls, was the only one of three applicants to gain the board’s approval on Wednesday. That vote was unanimous, too, NHL commissioner Gary Bettman said.

The board convened a special meeting in Chicago to evaluate each group’s applications before an eventual sale of the Coyotes, who were taken into Chapter 11 bankruptcy on May 5 by current owner Jerry Moyes.

Bettman said the process was necessary to comply with the NHL’s constitution and bylaws, and an order by U.S. Bankruptcy Court Judge Redfield T. Baum.

“We will so advise the bankruptcy court and we will move this process forward,” Bettman said.

An application by a third group, led by Anthony LeBlanc of Thunder Bay, Ontario, was deemed “incomplete,” Bettman said. That consortium, however, was encouraged by the board to continue with the application process.

Representatives of each group met Wednesday morning with the NHL board’s executive committee, which took its recommendations to the entire board for a vote.

The Reinsdorf group has told the NHL it wants to buy the Coyotes for $148 million and keep the team in Arizona. Balsillie has offered $212.5 million for the Coyotes, but his proposal is contingent on moving the franchise to Hamilton, Ont.

“This had nothing whatsoever to do with the relocation issue,” Bettman said “All that was considered was the suitability of the applicants of the owners.”

More than money is involved, Bettman stressed.

“The criteria set forth in the (NHL) constitution and bylaws relates to financial wherewithal, character, integrity and the view whether or not the other owners would deem you a good partner,” Bettman said.

Balsillie hoped to buy the team and move it to hockey-crazed southern Ontario. However, the NHL wants the Coyotes to remain in Arizona and continue to play at the Jobing.com Arena in Glendale, a Phoenix suburb.

The team has lost money in Arizona each season since moving there from Winnipeg, Manitoba, in 1996.

When asked why Reinsdorf’s group’s application was approved, Bettman said, “That’s a question better directed to the governors because they’re the ones who vote.

“But I think based on Mr. Reinsdorf’s experience and reputation as an owner of two very successful franchises in other sports leagues, it’s no surprise that his application would be endorsed.”

Advertisements

One Response

  1. Baseballbriefs.com tracking back Looks like the Phoenix Coyotes stay in Phoenix……

    Baseballbriefs.com tracking back Looks like the Phoenix Coyotes stay in Phoenix……

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: