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Judge rejects Coyotes' sale to Balsillie

Updated: June 16, 2009, 5:30 PM ET
Associated Press

GLENDALE, Ariz. -- Professional hockey will live on in the desert, at least for a while.

Billionaire Jim Balsillie failed in his bid to have a bankruptcy court judge order the Phoenix Coyotes sold to him and, over the NHL's objection, moved to Hamilton, Ontario. His downfall was his self-imposed June 29 deadline for completing the deal.

Redfield T. Baum, chief judge of the U.S. Bankruptcy Court in Phoenix, concluded in a 21-page ruling Monday there was no way to resolved the case by ...

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