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SBD/June 28, 2011/Franchises
Matthew Hulsizer Pulls Bid To Buy Coyotes; Two Potential Suitors Remain
Published June 28, 2011
POTENTIAL SUITORS: ESPN.com’s Scott Burnside cited a source as saying that Hulsizer’s withdrawal “doesn't necessarily jeopardize the Coyotes' prospects and that there remains optimism a new owner will be in place by the end of August.” Still, multiple sources said that they “don't believe Reinsdorf will be interested in buying the team without significant givebacks from the City of Glendale” (ESPN.com, 6/27). A source said that if Reinsdorf is “back in the picture, it is unlikely he will be willing to put up any more of his own money than Hulsizer was” (GLOBE & MAIL, 6/28). The GLOBE & MAIL’s Brian Miller noted the NHL is “left with the prospect of operating the franchise and sharing its losses among the other owners for a lot longer than hockey’s brain trust had planned.” If they “hurry and call Jim Balsillie before RIM’s stock price falls any further, he may still be able to scrape up enough cash to buy the moribund team and move it to an actual hockey market” (GLOBESPORTS.com, 6/27).