pursuant to today's word of the day, here's a little story that you may have heard about...
in case you didn't know, blackberry billionaire jim balsillie is trying to buy the bankrupt nhl team the phoenix coyotes... he is hoping to move the team that plays an ice sport from the middle of the freaking desert where they can't even fill half the arena on free ticket night to hamilton where hockey fans with more brains than money would gladly go to see games.
so there used to be a bunch of potential buyers in the mix but now it's down to balsillie and the i-don't-know-what-conflict-of-interests-means nhl bidding to bailout the finacially troubled team.
so, usually when one party out-bids the other by $102.5 million, they are the clear winners, right? because not only would it be the most financially beneficial for the team but also because, in an auction, the "goods are sold to the highest bidder"... right?
"NHL's bid for the Coyotes recieves critical support"
Glendale city council spurns Balsillie's cash in hopes of keeping club
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