In 2007, Waterloo billionaire Jim Balsillie, co-CEO of Research in Motion, made an offer to purchase the Nashville Predators for $220 million US. His intention was to move the team to Hamilton and either use Copps Coliseum as a temporary home while a new state-of-the-art arena could be built, or to renovate the Coliseum to bring it up to modern NHL standards. The bid was ultimately unsuccessful. In the spring of 2009, the Phoenix Coyotes filed for bankruptcy and Jim Balsillie immediately offered a rumoured $212.5 million US, while stating he wanted to move the franchise to southwestern Ontario. Balsillie applied for a lease option which, should the relocation have succeeded, would have invoked a 20-year lease for the team to play at Copps Coliseum. On May 9, 2009, the Toronto Star, Hamilton Spectator and others reported that Hamilton mayor Fred Eisenberger was to meet with a second group interested in securing a lease. The group, led by Vancouver businessmen Tom Gaglardi and Nelson Skalbania, was interested in securing an interest in the Atlanta Thrashers and moving them to the Centre for the 2010–11 NHL season. The team ultimately moved to Winnipeg in 2011, becoming the second incarnation of the Winnipeg Jets instead. On May 13, 2009, The Canadian Press reported on TSN.ca that Balsillie won the exclusive rights to Hamilton's Copps Coliseum until November after a unanimous vote by Hamilton city council. On May 29, 2009, Balsillie unveiled his plans to renovate the Centre into a state-of-the-art facility in anticipation of a NHL franchise coming to Hamilton. It's unknown whether these renovations will come to fruition since Balsillie ultimately lost his bid to buy the Coyotes.