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Goaltender Ilya Bryzgalov of the Phoenix Coyotes in action against the Detroit Red Wings.

Christian Petersen/Christian Petersen/2010 Getty Images

Any room in Winnipeg for two NHL teams? It seems Matthew Hulsizer, the latest would-be owner anointed by commissioner Gary Bettman as the designated saviour of the Phoenix Coyotes (née Jets), is reportedly no longer interested in buying the Phoenix Coyotes.

Like everyone else who has looked long and hard at the hapless franchise, Mr. Hulsizer is only interested if the deal costs him very little and he isn't stuck with bad debts and a lousy arena lease. So now, the league is left with the prospect of operating the franchise and sharing its losses among the other owners for a lot longer than hockey's brain trust had planned.

If they hurry and call Jim Balsillie before RIM's stock price falls any further, he may still be able to scrape up enough cash to buy the moribund team and move it to an actual hockey market.

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About the Author
Senior Economics Writer and Global Markets Columnist

Brian Milner is a senior economics writer and global markets columnist. In a long career at The Globe and Mail, he has covered diverse business beats, including international trade, the automotive industry, media, debt markets, banking and the business side of sports. More

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