NHL, Ice Edge officially enter Coyotes bidding (Dealscape

The National Hockey League has revealed the terms of its last-minute offer to skate off with the bankrupt Phoenix Coyotes. The NHL, one of three bidders to submit an official offer to bankrupt Coyotes owner Dewey Ranch Hockey LLC by a Tuesday court-imposed deadline, has offered $140 million for the struggling franchise.

The bids were filed Wednesday with the U.S. Bankruptcy Court for the District of Arizona in Phoenix. The other two offers are a bid of up to $150 million from Ice Edge Holdings LLC and a $212.5 million bid from an entity controlled by Research In Motion Ltd. co-CEO Jim Balsillie. The latter is conditioned on a move of the team to Hamilton, Ontario.

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NOT A SUBSCRIBER? NHL, Ice Edge officially enter Coyotes bidding Posted on August 28, 2009 3:30 AM The National Hockey League has revealed the terms of its last-minute offer to skate off with the bankrupt Phoenix Coyotes. The NHL, one of three bidders to submit an official offer to bankrupt Coyotes owner Dewey Ranch Hockey LLC by a Tuesday court-imposed deadline, has offered $140 million for the struggling franchise. The bids were filed Wednesday with the U.S. Bankruptcy Court for the District of Arizona in Phoenix. The other two offers are a bid of up to $150 million from Ice Edge Holdings LLC and a $212.5 million bid from an entity controlled by Research In Motion Ltd. co-CEO Jim Balsillie. The latter is conditioned on a move of the team to Hamilton, Ontario. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 294 articles related to the National Hockey League 77 in-depth reports of Bankruptcy Auctions in the Leisure sector 15 company pages related to Hockey 11 in-depth transaction records for the Phoenix Coyotes 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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