Judge rejects sale of Coyotes to Balsillie

Here’s the initial report from TSN:

Jim Balsillie’s attempt to bring the Phoenix Coyotes to Hamilton has been rejected by an Arizona bankruptcy judge.

Redfield T. Baum’s much anticipated ruling came down Monday night, nearly a week after a dramatic hearing in his Phoenix court.

In the 21-page document he said the court didn’t believe there was enough time to resolve all the various issues before the sale of the insolvent team to Balsillie for US$212.5 million that was due to close June 29.

That nullifies the proposed June 22 auction for the team and other related deadlines.

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