Thursday, September 10, 2009

Phoenix Coyotes Bankruptcy Decision: "Monumental Repercussions" for Professional Sports

As Gary Bettman and Jim Balsillie prepare to take the stand on Friday, the experts weigh in on the outcome of this week's auction of the Phoenix Coyotes in an Arizona bankruptcy court:
..Yet at the core of the Phoenix Coyotes bankruptcy auction is whether the NHL controls its own properties and whether its bylaws can legally determine who can and can not own them.
In essence, Judge Redfield T. Baum is going to tell us if Gary Bettman and the Board of Governors must bow to a higher authority, now and going forward, regarding one of the one of the most seemingly inalienable rights of pro sports leagues.
Richard Powers, dean of the Rotman School of Business at the University of Toronto, told Damien Cox that"the repercussions on professional sport could be monumental." But Stephen Ross, a law professor at Penn State University, told David Shoalts of the Globe & Mail (in a great column) that Jim Balsillie's bid for the Coyotes should win, and that the NHL should have its bid knocked out and no longer be a gatekeeper for franchise ownership.
See the original article from Puck Daddy at Yahoo News: Experts opine as Coyotes auction arrives; future of Gretz cloudy

- Garry J. Wise, Toronto

Visit our Toronto Law Firm website: www.wiselaw.net

EMPLOYMENT LAWCIVIL LITIGATIONWILLS AND ESTATESFAMILY LAW & DIVORCE

ORIGINALLY POSTED AT WISE LAW BLOGSUBSCRIBE TO WISE LAW BLOG

Post a Comment