Fourth Party Wishes to Tender Bid For Coyotes

As the September 10th bankruptcy auction of the Phoenix Coyotes quickly approaches, it appears that another party is preparing a bid for the floundering NHL franchise. A franchise that has lost somewhere in the range of a $100 million in it's last 3 season and has failed to make the postseason in 6 seasons. Currently three bids have been formally proposed to the courts.Research In Motion, makers of the Blackberry, co-CEO Jim Balsillie has the highest bid for the team, offering $212.5. However, after failed attempts to purchase and move the Pittsburgh Penguins in 2006 and the Nashville Predators in 2008, filled with missteps and errors, the league's Board of Governors unanimously rejected Balsillie's ownership. However it remains uncertain whether the bankruptcy judge can supercede the leagues decision as it looks to procure the best deal for the franchises debtors.Ice Edge Holdings, a group of Canadian and American investors, came late to the table, fielding a more modest $148 milli...