Balsillie Statement Re: Court Proceedings

    TORONTO, May 7 /CNW/ - Jim Balsillie issued a statement today regarding
bankruptcy court proceedings which began in Phoenix, AZ.
    "With regard to the process that began today in Phoenix, I respect the
court process, the Phoenix Coyotes' role and the Arizona court's ability to
make a determination on the National Hockey League's intervention," Mr.
Balsillie said.
    "I wanted to thank the outstanding hockey fans from across Canada. We're
nearing 100,000 registrations on our website and our
message to the fans is that we appreciate their overwhelming support and their
desire to see a seventh National Hockey League team in Canada.
    "At the end of the day, this is about the passion Canadians feel for the
game of hockey and a chance to provide those Canadian fans with the
opportunity to support a seventh NHL team. Right now, the fans are signaling
their enthusiasm in big numbers. That's what this is all about, great hockey
fans in a great hockey market."

For further information:

For further information: Bill Walker, SeniorVice President, Veritas
Communications Inc.,, O (416) 482-2710, C (416)

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