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He also said it could have a chillinbg impact on other cities considering helpinb teams buildnew arenas. The Coyotez have 41 regular seaso home gameseach year. Bettman and the NHL opposde theproposed $213 million sale of the team to Canadian businessman Jim Balsillie, who wouldf move it to Hamilton, Ontario, saying the leagus should make the decision. A June 9 hearingv is set in U.S. Bankruptcy Courtr to decide whether Coyotes owner Jerrt Moyes can sell to Balsillie or if it must be sold to a buyefr who would keep the NHL franchise in The Coyotes are in Chapter 11 bankruptcy Balsillie argues in court filings thathis $213 milliohn will be the best deal and the court’e main charge is to get the most moneyg to pay off debt and positiob the team to be financially viablw going forward.
The Coyotes have lost $316 millio n since moving to the Phoenisx market from Winnipeg in according tocourt filings. Balsillie says NHL hockey is not financiallyg viable in the Phoenix sports but the league points to four potentiap bidders for the Coyotes that would keep the teamin Jobing.Com Arena was built by the city of which says it will pursue a $500 million to $750 milliobn claim if the Coyotes break their 30-year lease. Balsillie’s court filing contends the bankruptcy courg has the leeway to dischargre sucha claim.
The National Football National Basketball Association and Major League Baseballo backthe NHL’s bid to keep the Coyotes in Arizonaz fearing the move could set a precedent.
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