Balsillie makes offer to bring Coyotes to southern Ontario

BlackBerry boss Jim Balsillie is looking to buy the financially ailing Phoenix Coyotes and bring them to Southern Ontario.

The co-CEO of BlackBerry maker Research In Motion says his $212.5-million offer is conditional on moving the Coyotes north of the border.

"The current team ownership asked that I table an offer to purchase the Coyotes and significant discussions resulted in an offer that is in the best interests of the franchise, the NHL, and the great hockey fans of Canada and Southern Ontario," Balsillie said in a statement Today.

At the request of the Coyotes franchise owner, Balsillie said he has also agreed to provide $17 million in bridge financing to allow the franchise to keep going in advance of the sale.

Balsillie isn't saying where he in southern Ontario he wants it located.