Jerry Reinsdorf, the owner of NBA's Chicago Bulls and the city's Major League Baseball team the White Sox, has promised to make an offer by Friday to buy the bankrupt Phoenix Coyotes and keep the team based in Arizona.
Reinsdorf's attorney Alan Klein said his client was in talks with the city of Glendale on a new lease agreement that would be part of the proposal. Klein made the comment from Chicago via a conference call to a Bankruptcy Court in Phoenix, where Judge Redfield T Baum adopted a sale schedule that gives the NHL the first shot at finding a buyer who will keep the team in Arizona.
The judge set Friday as a deadline for potential buyers who would keep the team in Arizona to submit purchase applications to the NHL.
If a suitable buyer for Arizona is not found by the Aug 5 sale date, Baum established a back-up schedule for anyone who would want to move the team. That would allow Canadian billionaire Jim Balsillie to renew his US$212.5million (Dh779m) bid to buy the franchise and move it to Hamilton, Ontario.
Baum turned down an attempt by Balsillie and the Coyotes owner Jerry Moyes to have the Canadian bid considered at the same time as any offers to keep the team in Arizona are judged.
The NHL deputy commissioner Bill Daly said the judge's decision to open bidding for a local owner first "gives the Coyotes a real shot to remain in the Phoenix-Glendale area".
However, Balsillie's representative Richard Rodier refused to consider Baum's decision a setback, saying it doesn't matter that the team will be offered to local ownership first.
"It's the way it should be anyway," Rodier said. "A city shouldn't lose its franchise unless there's a good reason, so let them take a shot. If Mr Reinsdorf has an offer that makes sense to the city of Glendale and makes it work long-term, tremendous. More power to them."
Glendale city attorney Craig Tindall said the city has had "some very positive preliminary discussions" with Reinsdorf.
"We think we can handle the situation without making massive monetary concessions," he said.
* AP
10 tips for entry-level job seekers
- Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
- Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
- Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
- For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
- Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
- Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
- Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
- Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
- Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
- Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.
Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz
KILLING OF QASSEM SULEIMANI
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Mohammed bin Zayed Majlis
The five pillars of Islam
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young