Phoenix Coyotes Wants to Extend Sale Deadline to 15 September
You already know that NHL franchise Phoenix Coyotes is now struggling financially and is on the verge of losing its Arizona base as Canadian billionaire Jim Balsillie wants to buy the club and relocate to Hamilton, Ontario in Canada. Jim Balsillie-owned PSE Sports & Entertainment has made a $212.5 million bid to buy the club and the deadline of accepting any more bids ends on 29 June.
However, Phoenix Coyotes now wants to extend the deadline to 15 September in an attempt to provide other potential bidders some time to launch their bid. This is an attempt to keep the club base in Arizona, USA. However, I think, it would not be easy for the club to find many bidders at this time of global economic recession. One potential bidder could be Jerry Reinsdorf who currently owns the Chicago White Sox baseball club as well as NBA franchise Chicago Bulls.
No comments:
Post a Comment