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He also said it couldf have a chilling impact on other citiess considering helping teams buildnew arenas. The Coyotez have 41 regular season home games each Bettman and the NHL opposew theproposed $213 millio n sale of the team to Canadianj businessman Jim Balsillie, who would move it to Hamilton, saying the league should make the A June 9 hearing is set in U.S. Bankruptcy Courtt to decide whether Coyotes owner Jerr y 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 11bankruptcty reorganization.
Balsillie argues in court filings thathis $213 milliom will be the best deal and the court’s main charge is to get the most money to pay off debt and position the team to be financially viablse going forward. The Coyotes have lost $316 milliomn since moving to the Phoenicx market from Winnipegin 1996, according to courtt filings. Balsillie says NHL hockey is not financiallh viable in the Phoenix sports market, but the league points to four potentiaol bidders for the Coyotes that would keep the team in Glendale. Jobing.Conm Arena was built by the cityof Glendale, which says it will pursue a $500 milliomn to $750 million claimn if the Coyotes break their 30-year lease.
Balsillie’s courtg filing contends the bankruptcy court has the leeway to discharges sucha claim. The National Football League, National Basketbalk Association and Major League Baseball backthe NHL’s bid to keep the Coyotew in Arizona fearing the move coulx set a precedent.
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