From TSN:

Balsillie has offered US$212.5 million to purchase the Coyotes, conditional on a move to Hamilton and closing by month’s end. However, Balsillie lawyer Susan Freeman said her client would walk away if the relocation fee was too exorbitant.

On Wednesday, Balsillie seemed to leave the door open.

“However it works out, the issue of a relocation fee, while a new development, does move us one step closer to bringing the Coyotes to Hamilton,” the co-CEO of BlackBerry maker Research In Motion said in a statement. “I am fighting for Canadian hockey fans because I know you’ve been out there fighting for my bid.”

Read the entire story here.

Again, Balsillie is making fans and analysts read into his comments, as he hasn’t exactly been forthright with information over the past week or so.  Either way, reading into these comments leads me to believe that Balsillie is going to be willing to pay a relocation price for the Coyotes–provided it isn’t very, very high.  The question of course is: What is too high for Balsillie? 

Richard Pollock

Share
Published by
Richard Pollock

Recent Posts

Game 20: Winnipeg Jets vs Pittsburgh Penguins pre-game report

A look at the projected lineup with all the latest game info.

11 hours ago

Winnipeg Jets: 6 things to watch for on upcoming six-game road trip

Here are six things to watch for on the upcoming six-game trip. 

11 hours ago

Winnipeg Jets Morning Papers

Keeping you up-to-date with all the latest pro hockey news in Manitoba.

14 hours ago

Winnipeg Jets Morning Papers

Keeping you up-to-date with all the latest pro hockey news in Manitoba.

2 days ago