James Balsillie, NHL take bids to bankruptcy auction in effort to buy CoyotesPHOENIX — Finally, auction day has come for the Phoenix Coyotes. It’s two days, actually. Ice Edge formally pulls out of Coyotes auction, cites lack of new lease dealPHOENIX — Ice Edge Holdings has formally pulled out of the bidding for the bankrupt Phoenix Coyotes but hinted it may try to buy the team later. Balsillie offers Glendale $50 million to help clear way in Coyotes bidPHOENIX — Canadian billionaire James Balsillie has offered the city of Glendale $50 million to quiet its objections to his bid to buy the Phoenix Coyotes and move the team to Hamilton, Ontario. NHL owner sentenced to 8 plus years in prison for bilking banks to finance lavish lifestyleSAN FRANCISCO — A federal judge has sentenced a Silicon Valley financier to more than 8 years in prison for bilking banks and investors out of millions of dollars in an attempt to buy a pro hockey team and finance a lavish lifestyle. NHL cites studies that put relocation fee for Coyotes up to $195 millionPHOENIX — Two studies conducted for the NHL set a potential relocation fee of $101 million to $195 million to move the Phoenix Coyotes to Hamilton, Ontario. Sons of Panthers owners Jerry Richardson resign from team in shake-up to organizationCHARLOTTE, N.C. — The two sons of Carolina Panthers owner Jerry Richardson resigned from high-ranking jobs in the organization Tuesday, an unexpected shake-up in one of the NFL’s most stable and successful franchises. NHL files bid in US Bankruptcy Court to purchase Phoenix CoyotesPHOENIX — The NHL has filed a bid in U.S. Bankruptcy Court to purchase the Phoenix Coyotes and keep the team in Arizona. New Dolphins part-owners Serena and Venus Williams get firsthand look at teamDAVIE, Fla. — The Williams sisters stood at the edge of the Miami Dolphins’ practice field, easy to spot in elegant, color-coordinated beige dresses and high heels that dug into the turf. William J. Williams Sr., who owned Reds during Big Red Machine era, dies at age 93CINCINNATI — One of the owners of the Cincinnati Reds from their Big Red Machine days has died. Tribune finalizes sale of most of Chicago Cubs, Wrigley, to Ricketts family for $845 millionCHICAGO — Media conglomerate Tribune Co. announced a definitive agreement Friday to sell all but a 5 percent stake in the Chicago Cubs and Wrigley Field to the billionaire Ricketts family, capping a tortuous process that began nearly 2½ years ago. Tribune Co. agrees to sell Chicago Cubs, Wrigley Field, to Ricketts family for $845 millionCHICAGO — Media conglomerate Tribune Co. announced a definitive agreement Friday to sell all but a 5 percent stake in the Chicago Cubs and Wrigley Field to the billionaire Ricketts family, capping a tortuous selection process that began nearly 2½ years ago. Shares in Premier League club Birmingham soar on Hong Kong group takeover offerLONDON — Shares in Premier League soccer club Birmingham soared 40 percent Friday after a Hong Kong businessman made a $135 million cash offer for the team. Tokyo organizers say 17 companies backing 2016 Olympic bidTOKYO — Tokyo now has 17 Japanese companies serving as official sponsors for the city’s bid to host the 2016 Olympics, organizers said Thursday. Felon indicted on charge of selling gun to woman who shot ex-NFL quarterback Steve McNairNASHVILLE, Tenn. — A convicted felon accused of selling the gun used to kill ex-NFL quarterback Steve McNair has been indicted on a firearm charge. Horse racing track and casino operator MTG Gaming completes $250 million notes offeringCHESTER, W.Va. — Horse racing track and casino operator MTG Gaming Group Inc. said Wednesday it completed a $250 million notes offering and used the proceeds to purchase $130 million in outstanding debt. NHL calls Balsillie ‘untrustworthy;’ asks judge to toss bid to buy Phoenix CoyotesPHOENIX —The NHL has asked a bankruptcy judge to throw out Canadian billionaire Jim Balsillie’s bid to buy the Phoenix Coyotes based on the league’s overwhelming rejection of him as a potential owner. ESPN buys live rights to show MLS and other European league games in BritainLONDON — ESPN has bought the rights to broadcast Major League Soccer live in Britain and Ireland as well as games from some European leagues. Allstate ends sponsorship of Allstate 400 at the Brickyard at Indianapolis Motor SpeedwayINDIANAPOLIS — Allstate Corp. said Monday it is ending its sponsorship of the Allstate 400 at the Brickyard after five years as the lead sponsor of the race at Indianapolis Motor Speedway. Reinsdorf group submits bid to buy Coyotes, second bid promisedPHOENIX — A group headed by Jerry Reinsdorf submitted a bid by Friday’s deadline to buy the bankrupt Phoenix Coyotes, and an offer by a second bidder was promised. Timeline in Porsche, Volkswagen sagaA look at the timeline beginning with Porsche SE’s decision to acquire a majority stake in Volkswagen and, ultimately, leading to Thursday’s announcement that chief executive Wendelin Wiedeking stepped down. Feds Makes the First Arrest in McNair’s Case, Plot Will Unfold
Rockets’ Yao Ming says buying hometown team does not mean he is preparing for retirementBEIJING — Yao Ming says his purchase of his former team, the financially troubled Shanghai Sharks, was motivated by a desire to help the club that jump-started his career rather than by early retirement plans. What you talkin’ bout, Willis? Sears Tower takes on name of British financial services companyCHICAGO — The Sears Tower, one of the world’s iconic skyscrapers and the tallest building in the U.S., was renamed the Willis Tower on Thursday in a downtown ceremony, marking a new chapter in the history of the giant edifice that has dominated the Chicago skyline for nearly four decades. AP sources confirm Cubs exploring Chapter 11 bankruptcy filing as way to speed ballclub’s saleCHICAGO — The corporate owner of the Chicago Cubs is considering having the team file for bankruptcy protection. People knowledgeable about the process say the move would hasten the club’s long-awaited sale by cleaning up its books. NHL accuses Moyes trying to derail Reinsdorf bid, cites another potential buyerPHOENIX — The NHL is accusing Phoenix Coyotes owner Jerry Moyes of trying to derail the sale of the team to a group headed by Jerry Reinsdorf by filing a flurry of requests for depositions before the July 24 deadline for formal submission of the bid. New England Patriots owner Robert Kraft joins effort to help bring World Cup to US
Police await ballistics test on gun bought by slain NFL star Steve McNair’s girlfriendNASHVILLE, Tenn. — Investigators were waiting for ballistics tests on a gun recently bought by the girlfriend of slain former NFL star Steve McNair to determine whether the firearm found at the scene killed the two. Gun that Shot McNair was Bought by His Girlfriend Two Days Back : Police Reports
Report: Major League Baseball loans millions to Rangers owner Tom HicksNEW YORK — Major League Baseball has loaned millions to Texas Rangers owner Tom Hicks, Yahoo! reported. Report: Rangers borrow millions from Major League BaseballThe Texas Rangers borrowed millions of dollars from Major League Baseball within the last week, according to a Yahoo! report. NHL supports Jerry Reinsdorf’s bid to buy the Phoenix CoyotesSCOTTSDALE, Ariz. — The NHL believes Jerry Reinsdorf can succeed where Jerry Moyes failed as owner of the financially ailing Phoenix Coyotes. Reinsdorf group offers $148 million to buy Phoenix Coyotes and keep team in GlendalePHOENIX — A group led by Chicago Bulls and Chicago White Sox owner Jerry Reinsdorf has offered to buy the bankrupt Phoenix Coyotes for $148 million and keep the team in Arizona. Despite ongoing court battles, several Coyotes players believe the team will stay in ArizonaGLENDALE, Ariz. — The future of the Phoenix Coyotes remains in limbo, but several players believe the bankrupt NHL team will stay in Arizona. Michael Jordan interested in putting group together to buy Bobcats from Bob JohnsonCHARLOTTE, N.C. — The Charlotte Bobcats are for sale and Michael Jordan is interested. Dolphins owner expected to announce Estefans buying small ownership stake in Miami NFL teamMIAMI — Singer Gloria Estefan and her husband, producer Emilio Estefan, appear set to take on a new role with the Miami Dolphins. |