NHL Getting Its “Dr. Evil” On In Bankruptcy Court

Hockey in Phoenix has failed. It has failed so spectacularly that sports historians will speak of the experiment for decades to come as one of the worst franchising decisions of all time. The Coyotes aren’t the only NHL team in bad financial shape, but they’re the only team in bankruptcy court. Either they get bought out before next season or they contract. It’s that simple.

Dr Evil
(This man approves of your tactics, NHL.)

Fortunately,  the co-CEO of the creators of Blackberry, Jim Balsillie, has stepped forward to help save the franchise. The Canadian billionaire has put forward a $212 million proposal to buy out the franchise, which you’d think the NHL would jump at. But then you realize Gary Bettman still runs the league and you just sit and wait for the monumental stupidity to wash your optimism away.

And here it comes. Balsillie wants to move the team to hockey-hungry Hamilton, Canada. Bettman and the NHL, unwilling to go along with the move, are expected to charge a relocation fee of $100 millionRead more…