It is now widely known news that Jim Balsillie has lost his bid to purchase the Phoenix Coyotes through bankruptcy hearings in Glendale, Arizona and has now confirmed with a statement on the Fan590 that he will not be pursuing the Coyotes any longer.
“From the beginning, my attempt to relocate the Coyotes to Hamilton has been about Canadian hockey fans and Canadian hockey. It was a chance realize a dream. All I wanted was a fair chance to bring a seventh NHL team to Canada to serve the best unserved hockey fans in the world. I believe I got that chance, I respect the court’s decision, and I will not be putting forward an appeal.”
No word on Balsillie’s next NHL target (Florida, Tampa Bay?).