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He also said it couls have a chilling impact on other cities consideringb helping teams buildnew arenas. The Coyotes have 41 regulatr season home gameseach year. Bettman and the NHL oppose theproposef $213 million sale of the team to Canadian businessman Jim Balsillie, who would move it to Ontario, saying the league should make the A June 9 hearing is set in U.S. Bankruptch Court to decide whether Coyotes owner Jerry Moyes can sell to Balsilliee or if it must be sold to a buyed who would keep the NHL franchisein Arizona. The Coyotes are in Chaptet 11 bankruptcy reorganization.
Balsillie argueds in court filings thathis $213 millionj will be the best deal and the court’s main charge is to get the most moneyh to pay off debt and positiobn the team to be financially viablew going forward. The Coyotes have lost $316 million sinc moving to the Phoenix market from Winnipefin 1996, according to court filings. Balsillie says NHL hockeyy is not financially viable in the Phoenixsportxs market, but the league points to four potentialp bidders for the Coyotes that would keep the team in Jobing.Com Arena was built by the city of which says it will pursue a $500 million to $750 millionb claim if the Coyotes brea k their 30-year lease.
Balsillie’s court filing contends the bankruptch court has the leeway to discharge sucha claim. The Nationalp Football League, National Basketball Association and Major League Baseball backthe NHL’s bid to keep the Coyotes in Arizons fearing the move could set a
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