Balsillie to make major announcement today

Jim Balsillie is expected to make a major announcement regarding Hamilton's Copps Coliseum today at 10am et/7am pt.

The billionaire businessman is currently waiting on the outcome of bankruptcy court proceedings in Arizona regarding the Phoenix Coyotes. Balsillie has made a US$212.5-million offer for the franchise under the condition he can relocate the team to Southern Ontario.

On Wednesday, Judge Redfield Baum scheduled a hearing for June 9 where he will hear arguments for and against the potential relocation.

Details to follow.

Cap'n Clutch wrote:Does he have inside info on how the judge will rule or is he just a glutton for punishment? This smells an awful lot like the dumbass move he made selling Hamilton Preds season tickets in his previous bid.

Jim Balsillie has announced the renovation plans for Hamilton's Copps Coliseum.

The project would see the arena updated with fan friendly features, new restaurants, food and bar amenities and a capacity for over 18,000. According to a media release, the update would also fully address all of the National Hockey League's previously stated requirements for Copps Coliseum.

"A new team for the best new hockey market deserves spectacular new home ice, and that's exactly what the upgraded Copps Coliseum would offer," said Balsillie in the release. "This facility will deliver unparalleled excitement and bring fans closer than ever to the action."

shabbs wrote:More details have been added...

Jim Balsillie has announced the renovation plans for Hamilton's Copps Coliseum.

The project would see the arena updated with fan friendly features, new restaurants, food and bar amenities and a capacity for over 18,000. According to a media release, the update would also fully address all of the National Hockey League's previously stated requirements for Copps Coliseum.

"A new team for the best new hockey market deserves spectacular new home ice, and that's exactly what the upgraded Copps Coliseum would offer," said Balsillie in the release. "This facility will deliver unparalleled excitement and bring fans closer than ever to the action."

Sounds like he's counting his chicken before they hatch...

Unless he's doing this to show he's fully committed and that plans are in way to have a facility ready.

SensFan71 wrote:sounds like he will never learn, Bettman and the other owners are not going to stand for this, so far it seems to be a game of how far can Balsillie shove his foot in his mouth or head up his a**, either way, not good strategy either way.

SeawaySensFan wrote:

SensFan71 wrote:sounds like he will never learn, Bettman and the other owners are not going to stand for this, so far it seems to be a game of how far can Balsillie shove his foot in his mouth or head up his a**, either way, not good strategy either way.

Or he's showing the public and the NHL owners that his "commitment" is not just hot air. He's backing it up with plans and real groundwork.

shabbs wrote:

SeawaySensFan wrote:

SensFan71 wrote:sounds like he will never learn, Bettman and the other owners are not going to stand for this, so far it seems to be a game of how far can Balsillie shove his foot in his mouth or head up his a**, either way, not good strategy either way.

Or he's showing the public and the NHL owners that his "commitment" is not just hot air. He's backing it up with plans and real groundwork.

And showing the judge as well.