Updated 1:146 PM
Read more here -- http://www.theglobeandmail.com/sports/judge-rejects-both-bids-for-coyotes/article1307436/
And here -- http://www.thestar.com/sports/article/703440
From page 25 of the ruling -- This conclusion effectively is the end of the efforts of PSE, Balsillie, Moyes and The Coyotes to force a sale and relocation of the hockey team.
The good news? NHL is in control of what happens next and Balsillie bid is for all intents and pruposes dead.
The bad news? More indecision.