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Basillie bids for Phoenix Coyotes

Posted on May 6, 2009 2:00 PM
Jim Balsillie has tried and failed to purchase a professional hockey team twice in the past four years. But the bankruptcy filing of the National Hockey League's Phoenix Coyotes may finally give him the chance he has been waiting for.

The founder of BlackBerry maker Research in Motion Ltd. has made a $212.5 million bid for the Coyotes, provided he can move the team to Southern Ontario. Unlike his other power plays for the Pittsburgh Penguins in 2006 and the Nashville Predators in 2007, however, the Coyotes deal is a stalking-horse bid headlining the team's Chapter 11 filing on Tuesday. It filed under the name Dewey Ranch Hockey LLC.

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