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This isn’t the first kick at the cat for RIM Co-CEO Jim Balsillie. He’s tried to purchase and relocate an NHL franchise before. First the Pittsburgh Penguins, then the Nashville Predators… Now, word has come out earlier this evening that he’s put a purchase offer on the bankrupt Phoenix Coyotes (the franchise that was once my beloved Winnipeg Jets).
Balsillie has made an offer of $212.5 million US contingent on the team being relocated to Southern Ontario. On one side, things are looking good, as I really can’t see anyone wanting to step up and pay more than Balsillie’s offer to keep a franchise in Phoenix that has done nothing but lose millions upon millions of dollars. If I recall correctly (do correct me if I’m wrong), earlier tonight during the Canucks/Blackhawks broadcast the team at CBC reported that any new offers to be considered must beat Balsillie’s offer by $5 million. Yikes.
Still early days in this one, and there are still hurdles to jump. First, a bankruptcy judge has to accept the Chapter 11 filing and purchase plan. From there an auction will take place in which any other bidders will have the chance to outbid Mr. BlackBerry by a cool $5 mil. In which case, I might suspect Balsillie would be more than eager to up the ante.
More to come on this one. If an NHL team does in fact relocate to the Southern Ontario area, perhaps they’d be called… the… er… Storm? 
[Via: CBC]
About The Author
James Falconer
James was born and raised in Winnipeg, Canada. Almost 15 years ago he started out in the 'real world' as a web and graphic designer. Through the years he has finely tuned his skills in SEO, internet marketing, conversion strategy, and project management. To date, he runs his own successful consulting business where he advises companies all over the globe. A co-founder of www.crackberry.com, and sole proprietor of www.mactropolis.com, James in recent years has become very active in the tech blogosphere. Online community building and strategy is fast becoming one of his passions. Watch for James' no frills attitude, unique perspective and to-the-point comments here on IntoMobile!
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