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He also said it could have a chillin impact on other cities considering helping teams build new The Coyotes have 41 regular season home gameseach year. Bettman and the NHL opposse theproposed $213 million sale of the team to Canadian businessmanb Jim Balsillie, who would move it to Hamilton, Ontario, saying the league should make the decision. A June 9 hearingy is set in U.S. Bankruptcy Courtt to decide whether Coyotes owner Jerr Moyes can sell to Balsillie or if it must be sold to a buyert who would keep the NHL franchisein Arizona. The Coyotesz are in Chapter 11bankruptcy reorganization.
Balsillie argues in courtg filings thathis $213 million will be the best deal and the court’sa main charge is to get the most money to pay off debt and positioj the team to be financially viable going The Coyotes have lost $316 million since moving to the Phoenisx market from Winnipeg in according to court Balsillie says NHL hockey is not financially viable in the Phoenix sportxs market, but the league pointas to four potential bidder for the Coyotes that would keep the team in Glendale. Jobing.
Co Arena was built by the city of which says it will pursuea $500 million to $750 millio n claim if the Coyotes break their 30-year Balsillie’s court filing contends the bankruptcy courr has the leeway to discharge such a The National Football League, National Basketballp Association and Major League Baseball back the NHL’ s bid to keep the Coyotesx in Arizona fearing the move could set a
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