[Vulcan]

Originally Posted by valo403

False, he had agreed to terms with SOME creditors. You should also understand that the court was going to need to approve any agreement, and an agreement with SOME creditors isn't going to get you that approval.

Is it seriously your contention that everyone else, everyone, was on board with the move to Hamilton and then Bettman unilaterally blocked it?

Oh god here we go again.

Balsillie’s $212.5 million (U.S.) offer also has the support of the creditors.
SOF Investments, a secured creditor owed about $80 million, basically said it was okay with all three bids: Balsillie’s offer of $212.5 million, Ice Edge’s offer of $150 million and the NHL’s bid of $140 million. All three bids either pay SOF its money up front, or work out an arrangement to pay back the money with interest.
The committee of unsecured creditors, which had always supported the bid by Balsillie’s company, PSE, says it doesn’t like a lot of contingencies in the Ice Edge bid, but on Wednesday said it was happy with both Balsillie’s offer and the NHL’s.

http://www.thestar.com/sports/hockey...oenix-for-year