Thursday, May 7, 2009

NHL, Team in Bankruptcy Showdown - WSJ.com

Another sports story with finance ties, or a finance story with sports ties, you decide:The case centers on Jim Balsillie (he of Blackberry fame) wanting to buy the team and move it to Southern Ontario. But to do this he has to 1. buy the team 2. get the league to approve 3. get out of Dodge (or Phoenix in this case). To that end, he has made an offer that is contingent on being allowed to

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