You have to hand it to Jim Balsille who last night announced that he has made a 212.5M offer to buy the Phoenix Coyotes, who entered bankruptcy yesterday, on the condition that he can move them to Southern Ontario, Hamilton I presume although he didn't mention the town. You have to love the chutzpah of Basille to buck the old guard NHL and commissioner Bettman and do things his way...anybody think he is Canada's version of Mark Cuban? They have set up a simple little website to collect email and regular addresses so they can update people as negotiations continue.
There are numerous rumors flying around, including that Basille has offered Wayne Gretzky 10-15% of the team and that he will build a new arena and name it after Wayne's father Walter. There is no question that Ontario could support a second franchise as long as there was a building capable of generating the revenue streams needed to be competitive.
The only thing for sure at this point is that the attorney's for the three sides will make out like bandits.