Wednesday, May 20, 2009

Coyote Ugly: Day One

((HT: The Star/McGran))

More odds and ends from the bankruptcy hearing...

The judge didn't like that billionaire Jim Balsillie ((pictured, thanks Vince Talotta/Toronto Star)) has already launched an antitrust lawsuit designed to allow the team to move to Hamilton, pointing out he doesn't own a team.

And he scolded Moyes for not going to the league with Balsillie's $212.5 million (U.S.) offer.
"To have a bonafide dispute, you have to have someone turned down."

Baum grilled NHL lawyer Anthony Clark over the proxy agreement the league argues gave it control of the financially troubled team, saying the language of the document is anything but clear.

Baum also wondered why – if the league was in control – owner Jerry Moyes was acquiring loans in February.

"Sounds like they weren't exercising power and control," said Baum.
Clark responded: "That they weren't exercising power and control isn't the same as they didn't have control."

CHCH News coverage is in black from the early news show with help from Al Sweeney and Natalie Marconi. The late show on Tuesday has more from Sweeney

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