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Balsillie and Bettman Go To War

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61Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Thu May 07, 2009 4:07 pm

davetherave


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SeawaySensFan wrote:
shabbs wrote:
Hockeyhero22000 wrote:
shabbs wrote:Interesting... I guess Balsillie is pulling the war into his world... the world of business were the almighty buck is king.

why wouldnt he he has a better idea of how that world works instead of fighting on bettman and the leagues terms
Indeed. He tried two times in their world... now he's trying in his world...

From reading the MacLeans article dave posted, I'd say that's about right.

SSF...GREAT avatar!!!

Cheers

62Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Thu May 07, 2009 4:11 pm

SeawaySensFan


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davetherave wrote:
SeawaySensFan wrote:
shabbs wrote:
Hockeyhero22000 wrote:
shabbs wrote:Interesting... I guess Balsillie is pulling the war into his world... the world of business were the almighty buck is king.

why wouldnt he he has a better idea of how that world works instead of fighting on bettman and the leagues terms
Indeed. He tried two times in their world... now he's trying in his world...

From reading the MacLeans article dave posted, I'd say that's about right.

SSF...GREAT avatar!!!

Cheers

Yes. You do have a great avatar. Wink

63Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Thu May 07, 2009 4:13 pm

davetherave


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SeawaySensFan wrote:
davetherave wrote:SSF...GREAT avatar!!!

Cheers

Yes. You do have a great avatar. Wink

But yours is much more cerebral...

64Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Thu May 07, 2009 4:17 pm

SeawaySensFan

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davetherave wrote:
SeawaySensFan wrote:
davetherave wrote:SSF...GREAT avatar!!!

Cheers

Yes. You do have a great avatar. Wink

But yours is much more cerebral...

I just had to know if "Scum of the Earth" were an actual band. Sarcasm

65Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Thu May 07, 2009 4:43 pm

shabbs

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Update from the court proceedings:

"One minute in and we're in recess. The judge granted lawyers for the NHL and Coyotes owner Jerry Moyes time to work out a schedule."

Heh heh.

66Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Thu May 07, 2009 5:19 pm

davetherave

davetherave
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If Jimmy wins this...he'll be known as BALLSillie. If he loses...

Balsillie and Bettman Go To War - Page 5 Rimbo_10

67Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Thu May 07, 2009 6:15 pm

shabbs

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Looks like the court proceedings are over for today and there's a scrum. Updates to follow for sure.

68Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Thu May 07, 2009 6:17 pm

shabbs

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Updates here:

http://www.thestar.com/sports/article/630641

"The court gave both sides time next week to determine who is in charge. The NHL will make its case May 13. Moyes will make his argument on May 15, and a final hearing will be held May 19."

The game begins...

69Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Thu May 07, 2009 6:20 pm

davetherave

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shabbs wrote:Looks like the court proceedings are over for today and there's a scrum. Updates to follow for sure.

Was there any purse swinging between Jimmy and Gary?
:fight:

70Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Thu May 07, 2009 6:23 pm

Guest


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Things would be so much easier if Bettman just quit.

71Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Thu May 07, 2009 6:31 pm

davetherave

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Debate over who controls Coyotes

The Toronto Star, May 7, 2009

PHOENIX – At least the NHL, Jim Balsillie and the Phoenix Coyotes can all agree on one thing: they need more time.

All sides agreed the key motion that needs to be resolved is what Coyotes lawyer Thomas Salerno called "the Alexander Haig" issue of "who's in charge."

As far as the NHL is concerned, deputy commissioner Bill Daly has been installed as the team's chief executive officer. The league contends it has the legal right to remove owner Jerry Moyes from all positions of authority after he went behind their back to put the team in bankruptcy and get an offer from Balsillie to buy the team for $212.5 million on the premise he will move the team to Hamilton.

The league says Moyes had no right to sell Hamilton as a market. Moyes believes he's still in control of the team.

The court gave both sides time next week to determine who is in charge. The NHL will make its case May 13. Moyes will make his argument on May 15, and a final hearing will be held May 19.

Other matters were being discussed as the afternoon continued.

The NHL issued a statement Tuesday night saying it removed Moyes from power shortly after Moyes filed for Chapter 11 bankruptcy and mused Moyes did not have the power to place the team in bankruptcy. They did so about an hour after Moyes announced that BlackBerry billionaire Jim Balsillie had a firm $212.5 million offer to buy the team and move it to Hamilton.

"The Debtors (Moyes) dispute the NHL's contentions that Mr. Moyes has been removed from his position of authority to act on behalf of the Debtors, that the NHL owns the Coyotes, or that these Cases were not commenced by a valid representative of the Debtors," said the motion filed Thursday morning. "In addition, the Debtors dispute any contention of the NHL that Mr. Moyes lacked the authority to execute an asset purchase agreement on behalf of the Debtors for the sale of their assets."

It's also clear from the court filings earlier in the week that Balsillie and Moyes intend to fight tooth and nail — using every legal avenue possible — to complete the sale and move the franchise north where it would most likely play the 2009-10 season in Copps Coliseum.

The NHL is doing what it can to stop the sale, and prevent Balsillie from completing his long-awaited dream of bringing a seventh NHL franchise to Canada, one close to his home in Waterloo, headquarters of RIM.

Moyes put his team in Chapter 11 bankruptcy protection. The club has never made a profit in the time that it moved from Winnipeg in 1996.

The judge is being asked to put the team up for auction, with the process to be complete before June 26 — the day of the NHL draft. Balsillie would have to right to counterbid should another suitor come forward and beat his baseline offer.

The filings anticipate that the NHL and the Toronto Maple Leafs would try to block the Coyotes' proposed move to Hamilton, encroaching on marketing territory the Leafs believe belongs to them.

The court documents argue such a move "unreasonably restrains competition in violation of the antitrust laws."

The filings also argue the denial of moving the team to Hamilton would result in "significant anticompetitive effects... Because there are no other viable purchasers or other investors for the Phoenix Coyotes."

The NHL may take issue with that statement, with it now widely believed that White Sox owner Jerry Reinsdorf was ready to step in and keep the Coyotes in Phoenix.

The documents say that ticket revenue — which is 50 per cent of total revenues for a typical NHL team — was hovering between 40 per cent and 43 per cent over the last three years for the Coyotes, "which suggests that the tickets are currently underpriced or the number sold is inadequate. The average ticket price for the Phoenix Coyotes was $37.45, which is $12.21 below the NHL average."

The Coyotes generated $54 million in revenue and $76 million in expenses for the 2005-06 fiscal year, a loss of nearly $22 million. They generated $59 million in 06-07, but ran expenses of $89 million, a loss of $30 million.

In 07-08, the team generated $56.5 million, spent $85.3 million, losing of $21.7 million.

The documents argue a team in Hamilton would be "pro" competition in that it would compete with the Sabres and Leafs for broadcast rights, media contracts, team merchandise and fan support "all of which would lower prices for such goods and services and directly and indirectly benefit consumers. Higher prices and lower output — the direct result of what is likely to be sought by the NHL — are the hallmarks of anticompetitive behaviour."

72Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Thu May 07, 2009 6:34 pm

Guest


Guest
I dont even care now... This is way beyond my understanding of things in a legal sense. Sure, it's dumbed down but I'm not gonna pretend to understand this with any kind of true knowledge.

Yaaah Hockey.

73Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Thu May 07, 2009 6:35 pm

davetherave

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So looks like Jim is taking on Bettman, the NHL Board of Governors, Larry Tanenbaum and Maple Leaf Sports & Entertainment, and the Golisano Family who own the Sabres...and maybe even The City of Glendale...

:fighting:

74Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Thu May 07, 2009 6:57 pm

shabbs

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davetherave wrote:So looks like Jim is taking on Bettman, the NHL Board of Governors, Larry Tanenbaum and Maple Leaf Sports & Entertainment, and the Golisano Family who own the Sabres...and maybe even The City of Glendale...

:fighting:
Heh. Well, he's basically taking on the entire process of how a team is acquired and reloacted in the NHL. A tall task to be honest. It will be one hell of a bumpy ride...

The key decision will be whether or not the bankruptcy filing was legal. Once that's decided, the path will be more certain for both sides.

75Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Mon May 11, 2009 9:01 am

davetherave

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The New York Times offers its view of Balsillie:

NEW YORK TIMES/May 10, 2009

BlackBerry Billionaire Has the N.H.L. Buzzing

By IAN AUSTEN

A visit to the headquarters of Research in Motion, the Canadian company behind the BlackBerry, offers a hint about where the interests of James L. Balsillie, one of its co-chief executives, lie.

Instead of by conventional numbers, boardrooms and conference rooms on the company’s campus in Waterloo, Ontario, are identified with the names of hockey’s greats: Gordie Howe, Maurice Richard, Frank Mahovlich, Bobby Hull, Guy Lafleur, Bobby Orr and Wayne Gretzky.

Balsillie, 48, is something of a hero in Canada for creating (along with Michael Lazaridis) a company that smote former American giants like Palm Computing and Motorola.

Now the prospect that he may bring the bankrupt Phoenix Coyotes to Canada has put him on a path to national sainthood of sorts.

Balsillie’s plan must overcome considerable obstacles, starting with the opposition of N.H.L. Commissioner Gary Bettman and the league’s franchise rules.

But the tactics Balsillie used over the past decade to put BlackBerrys under millions of thumbs around the world suggest that he is unlikely to be easily deterred in his quest to bring the Coyotes to Hamilton, Ontario.

“I’ve said for years that anyone who wants to bring the N.H.L. to Hamilton should go on medication,” said Ron Foxcroft, a former investor in the Hamilton Bulldogs, a Montreal Canadiens farm team, and a friend of Balsillie’s. “Anyone except Jim Balsillie.”

Balsillie has been twice thwarted in attempts to bring another N.H.L. team to Canada. The league blocked his plans to bring the Pittsburgh Penguins and the Nashville Predators north.

Those rejections, and the prospect that bankruptcy laws may now allow a route around the league’s rules, appear to have fueled Balsillie’s $212.5 million bid for the Coyotes.

“Jim’s a really complicated guy,” said Joan Fisk, a friend who also heads the chamber of commerce for Waterloo and neighboring Kitchener. “Jim’s drive to do this is partly because he was rebuffed. He is very, very dedicated to success.”

Although Balsillie’s personal wealth is estimated to be more than $3 billion, he leads a life that still largely reflects his middle-class upbringing. He lives with his wife and two children in a relatively modest house in Waterloo, a medium-size city not noted for millionaires, let alone billionaires; has a modest summer cottage; and drives an ordinary sport utility vehicle.

The son of an electrician at a nuclear power station, Balsillie grew up in Peterborough, Ontario, a hockey hot spot about 90 miles northeast of Toronto.

Balsillie was a die-hard fan of the Montreal Canadiens, rather than the nearby Maple Leafs.

Scholarships brought Balsillie to the University of Toronto’s Trinity College, something of an elite, establishment school, where he was named athlete of the year. He later earned an M.B.A. at Harvard.

Unlike many college athletes turned chief executives, Balsillie did not leave sports behind. He heads to a hockey rink once a week at 5:30 a.m. to train and plays twice a week in a local old-timers league. He also competes in triathlons and cycles, and he coaches teams that include his two children. (Foxcroft, a former referee who is now an arena observer for the N.B.A., also supervises the officials for the basketball league that includes his and Balsillie’s sons and in which Balsillie coaches.) A 10-handicap golfer, Balsillie controls GolfNorth Properties, which owns 19 semiprivate courses in Ontario.

While sports are clearly his passion, Balsillie has donated 50 million Canadian dollars (about $43 million) to establish a school of international affairs and governance affiliated with two universities in the Waterloo area.

Balsillie declined to be interviewed for this article.

But his role at Research in Motion provides a glimpse into how Foxcroft and others speculate he would run a hockey team.

In 1992, when Balsillie joined the company, which was founded by Lazaridis, it was an obscure maker of radio-based electronics. Lazaridis is a widely respected engineer who single-handedly developed the key concepts behind the BlackBerry and its wireless e-mail service. But most analysts credit Balsillie with providing the financial and marketing strength that turned Research in Motion into a global company.

In an earlier interview, Balsillie described meeting rejection after rejection as he tried to sell wireless phone carriers on the concept of wireless e-mail. Only one Canadian company, Rogers Communications, was willing to give the BlackBerry a try. Perhaps not by coincidence, it is now Canada’s largest wireless carrier.

Foxcroft, who invented the pealess whistle and heads the Fox 40, the company that makes it, said that any hockey club owned by Balsillie would be a similar partnership. Balsillie, his frequent golf partner, would supervise the business side while turning the hockey operations over to a Lazaridis-style expert.

“He wants the team for the right reason,” Foxcroft said. “This may be a business, but it’s also a passion. It would really make money from the beginning.”

Fisk and most of the other residents of Waterloo hope the team will come to Research in Motion’s hometown.

But Hamilton, which sits between Toronto and Waterloo, has an irresistible attraction: a suitable arena that opened in 1985 to lure an expansion team.

The team went to Ottawa.

Although Balsillie’s plan has dominated the news in Canada and apparently enjoys widespread support, not all Canadians endorse it.

Rod Bryden, who snared the franchise Hamilton had sought for Ottawa, said last week that Balsillie’s attempts to thwart the league’s control over team moves might ultimately harm Canadian hockey.

“If a team is just allowed to go to where the highest bid is, who’s next — Edmonton? Calgary?” he told The Ottawa Citizen.

Like Steve Jobs at Apple, Balsillie exerts tight control over what information Research in Motion makes available to the news media and the public.

If anything, that control has tightened since a Canadian securities regulator investigated Balsillie and Lazaridis for backdating stock options. As part of a settlement reached in February, the two men paid $15 million Canadian toward the cost of the investigation.

But the clearest template for how Balsillie will handle the N.H.L. in court is provided by Research in Motion’s entanglement with NTP, a tiny intellectual-property holding company based in Virginia, which claimed that BlackBerry service violated its wireless e-mail patents.

Many experts shared Research in Motion’s view that NTP should never have been granted wireless e-mail patents. Similarly, there was widespread sympathy about the apparent unfairness of the patent litigation system.

Where analysts and others parted ways with Balsillie, however, was his scorched-earth approach. Despite repeated court defeats, Research in Motion rejected the idea of settling with NTP.

That ultimately led to a point where BlackBerry service was in danger of being shut down by a court order. After spending millions on its legal defense, Research in Motion was ultimately forced to pay NTP $612.5 million to drop its suit.

Foxcroft is among many in Canada who doubt that Balsillie, despite that bitter experience, will readily back down against any challenge from the N.H.L.

“He’s the most dynamic, competitive sports guy in the world,” Foxcroft said.

76Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Mon May 11, 2009 9:32 am

shabbs

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Anyone thinking he's doing this purely for the love of the sport is in denial. Anyone thinking he's doing this purely for business is also in denial. He's doing it for both - he loves the sport and believes it's a good business decision.

77Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Mon May 11, 2009 9:38 am

SeawaySensFan

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shabbs wrote:Anyone thinking he's doing this purely for the love of the sport is in denial. Anyone thinking he's doing this purely for business is also in denial. He's doing it for both - he loves the sport and believes it's a good business decision.

How many of us would willingly lose a few bucks if we had the loot to own our own team? I know I would. Even an AHL team.

78Balsillie and Bettman Go To War - Page 5 Empty Re: Balsillie and Bettman Go To War on Mon May 11, 2009 9:39 am

shabbs

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A few bucks or a few hundred million?

Wink

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