Balsillie is a bully and that's what is keeping him from getting a team. If this guy just played by the rules he would have had a team years ago, but he seems to know better.
Bettman looks like a dufus to us Canadians because he keeps refusing this guy, but let's give GB a break here. Number one on his priority list is to grow the game of hockey in the biggest market, the U.S., and if you remove even one team that would be considered a failure. The NHL needs American TV broadcasting revenue and Versus will grow and probably keep NHL broadcast rights when it becomes a bigger player.
Secondly, if GB allowed Balsillie to buy the Coyotes and move them, what's to stop other owners from doing the same? This is a situation that would be disasterous to the NHL. Think of the CFL expansion into the US market. If you start removing some of these small market US teams, the fan base will deteriorate.
We as Canadians think we know everything about hockey. Our American counterparts are just as knowledgeable about the game. The grass roots down south are growing with some exciting young players. This is the time to keep teams in the US as these exciting young US born players showcase their talent in the 2010 Olympics and World Juniors.
As far as I am concerned Balsillie "can go to hell" with his bullying of the league. There will be future expansion to this league, the timeline is not clear, but southern Ontario will be served by another team. Halifax or QC, maybe Seattle or Atlanta. Time will tell.