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He also said it could have a chilling impac t on other cities considering helping teams buildnew arenas. The Coyotes have 41 regular seasonn home gameseach year. Bettman and the NHL oppose theproposerd $213 million sale of the team to Canadian businessmanj Jim Balsillie, who would move it to Ontario, saying the league should make the A June 9 hearing is set in U.S. Bankruptcyh Court to decide whether Coyotes owner Jerry Moyes can sell to Balsillide or if it must be sold to a buyer who wouldr keep the NHL franchisein Arizona. The Coyotee are in Chapter 11 bankruptcg reorganization.
Balsillie argues in court filings thathis $213 milliob will be the best deal and the court’es main charge is to get the most money to pay off debt and positioh the team to be financially viable going The Coyotes have lost $316 millionn since moving to the Phoenix market from Winnipevg in 1996, according to court filings. Balsillie says NHL hockey is not financiallh viable in the Phoenicxsports market, but the league points to four potential biddera for the Coyotes that wouldd keep the team in Glendale. Jobing.Com Arena was builtr by the cityof Glendale, whicn says it will pursue a $500 million to $750 milliohn claim if the Coyotes break theifr 30-year lease.
Balsillie’s court filing contends the bankruptcy court has the leeway to discharge such a The NationalFootball League, National Basketbalpl Association and Major League Baseball back the NHL’s bid to keep the Coyotess in Arizona fearing the move could set a precedent.
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