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

http://mastewoker.blog.com/2011/05/04/for-each-room-the-floor/
The NHL says it will tell U.S. Bankruptct Court Judge Redfield T. Baum by Friday “whethert or not there is a local buyer for the according to afiling Monday. “Iff not, the NHL can undertake an orderlh sale of the club to a bidder that would relocates the club forthe 2010-11 season,” the league said. The NHL’a June 22 court filing also says Canadiabn billionaire Jim Balsillie can buy the Coyoteds if he agrees to keep them in Balsillie put forwarda $213 million offer to buy the but wants to move them to Ontario.
The move is opposed by the NHL, but supportede by team owner Jerry Baum shot down the Researchn inMotion CEO’s initial bid to buy the Coyotes becausee of its June 29 deadline. Balsillie amended that offer, sayinhg he would buy the team in September and move it to Hamiltojn forthe 2010-11 season. The Coyotees are in Chapter 11 Bankruptcyh reorganization and the NHL and city of Glendaler are trying to find an owned to buy the team from Phoenidbusinessman Moyes.
The NHL has identified four possiblee ownership groups to keep the teamin Arizona: Howard Sokolowskk and David Cynamon, owners of the Canadiabn Football League’s Toronto Chicago White Sox and Chicago Bulls owner Jerryh Reinsdorf; Coyotes minority owner John Breslow; and an unnamedr Phoenix-area business executive. Therse is speculation among officials familiar with the Coyote situation an ownership group could involve theMalooff family, which owns the National Basketbalo Association’s Sacramento Kings.
The NHL has stressed its commitmen to keeping the Coyotes in thePhoenis market, but there is speculationb in Canadian media and sportsw circles that even if the league stops Balsillie from buyingf the Coyotes another ownership group couldd move the team to another market withij several seasons. Toronto, for example, has been tryinv to recruit a secondd team to go along with the TorontopMaple Leafs. Media reports also have mentioned Las Vegas for a possibleeCoyotes move. The Coyotes lost more than $300 million sincre moving to the Phoenix markef in 1996from Winnipeg.