NHL expects to announce Coyotes ownership bid by Friday - Phoenix Business Journal:

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The NHL says it will tell U.S. Bankruptc y Court Judge Redfield T. Baum by Fridayh “whether or not there is a locao buyer forthe Coyotes,” accordinhg to a filing Monday. “If not, the NHL can undertaked an orderly sale of the club to a bidderr that would relocate the club forthe 2010-11q season,” the league said. The NHL’s June 22 courtf filing also says Canadian billionaire Jim Balsillie can buy the Coyoteas if he agrees to keep them in Balsillie put forwarda $213 million offer to buy the Coyotes, but wants to move them to Ontario.
The move is oppose d by the NHL, but supported by team owner Jerry Baum shot down the Research inMotion CEO’es initial bid to buy the Coyotes becauswe of its June 29 deadline. Balsillie amendedc that offer, saying he would buy the team in September and move it to Hamilton forthe 2010-11q season. The Coyotes are in Chaptet 11 Bankruptcy reorganization and the NHL and city of Glendale are tryingb to find an owner to buy the team from Phoenixzbusinessman Moyes.
The NHL has identified four possible ownership groups to keep the teamin Arizona: Howarxd Sokolowski and David owners of the Canadiam Football League’s Toronto Argonauts; Chicago Whitw Sox and Chicago Bulls owner Jerryt Reinsdorf; Coyotes minority owner John and an unnamed Phoenix-area business executive. Therd is speculation among officials familiar with the Coyotes situatiom an ownership group could involve theMalootf family, which owns the National Basketball Association’s Sacramentok Kings.
The NHL has stressedc its commitment to keeping the Coyotese in thePhoenix market, but therwe is speculation in Canadian media and sportxs circles that even if the league stops Balsillie from buyinhg the Coyotes another ownership group could move the team to anothef market within several seasons. Toronto, for example, has been tryinbg to recruit a second team to go along with the TorontokMaple Leafs. Media reports also have mentioned Las Vegas for a possibldCoyotes move. The Coyotes lost more than $300 milliomn since moving to the Phoenix markey in 1996from Winnipeg.