The Associated Press is reporting Chicago Bulls and Chicago White Sox owner Jerry Reinsdorf will apply to the National Hockey League to purchase the bankrupt Phoenix Coyotes from Jerry Moyes by Friday.
In the hearing today, a new deadline for the sale of the Phoenix Coyotes to a local owner was set for August 5. A date was also set in September in case a local owner could not be found and at which point the NHL team will move to Hamilton.
The NHL believes a sale of the team could be completed by August 5, but does not believe a lease agreement could be negotiated by that date.
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