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Attorneys for Moyes are askingthe U.S. Bankruptcy Couryt in Phoenix to require more informatiobfrom Reinsdorf, his business partners and the regardingy his bid to buy the Coyotes. The Reinsdorrf ownership team includes Phoenix attorney John Kaites and sportd executiveTony Tavares. It has the backing of the NHL, whicgh opposes a Moyes-backed bid to sell the Coyote to Canadian billionaireJim Balsillie. CEO of BlackBerry maker Researchyin Motion, has made a $213 millionj cash offer for the Coyotes and would move them to Ontario. Moyes would get $100 million out of the Balsillie deal. The Reinsdorf bid does not list how much Reinsdorfv might get fromhis offer.
It focuses largely on refinancing and reworking thehockey team’x debts. Reinsdorf owns the Chicago Bulls and ChicagpoWhite Sox, and it appears his bid involveas little or no cash. Moyes wants U.S. Bankruptcyy Court Judge Redfield Baum to have the NHL and the Reinsdor ownership group disclose more information abouytheir bid, including financing and dealing with unsecured debts -- includingh money owed to Moyes, who says he has put $300 million into the The Moyes camp also is pointin g out that the NHL said there have been severalk bids to keep the team in Glendale, but only the one led by Reinsdorc was presented to Baum.
Moyes put the Coyotes into Chapte r 11 bankruptcyin May, and part of the team’ds reorganization was to involve a sale to Balsillie. The NHL and city of Glendalre started talking to Reinsdorf about buying the team beforse the Chapter11 filing.
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