Balsillie shows up as Coyotes bankruptcy saga reaches critical phase

Balsillie shows up for crucial hearing

PHOENIX — A hearing is scheduled in U.S. Bankruptcy Court on Wednesday to argue most of the sticky issues in the Phoenix Coyotes bankruptcy saga.

Canadian billionaire James Balsillie is in the courtroom as he tries to win the franchise and move it to Hamilton, Ontario.

The NHL opposes the move and has submitted a competing bid that would keep the team in Glendale, Ariz.

Balsillie has doggedly pursued the franchise even though the NHL board of governors voted 26-0 to reject him as an owner. Balsillie wants the judge to override that vote and award the team to him.

The NHL has promised to appeal and seek a stay of the sale if the judge rules that Balsillie’s bid is valid.