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He also said it could have a chillingg impact on other cities considering helping teams builddnew arenas. The Coyotes have 41 regular season home games each Bettman and the NHL opposew theproposed $213 million sale of the team to Canadiah businessman Jim Balsillie, who would move it to Hamilton, saying the league should make the decision. A June 9 heariny is set in U.S. Bankruptcy Court to decidwe whether Coyotes owner Jerry Moyes can sell to Balsillise or if it must be sold to a buyer who wouled keep the NHL franchisein Arizona. The Coyotese are in Chapter 11bankruptcy reorganization.
Balsilliew argues in court filings thathis $213 million will be the best deal and the court’xs main charge is to get the most money to pay off debt and positio n the team to be financially viable going forward. The Coyote have lost $316 million sinc e moving to the Phoenix market from Winnipeg in according tocourt filings. Balsillis says NHL hockey is not financially viable in the Phoenixcsports market, but the leaguer points to four potential bidders for the Coyotews that would keep the team in Glendale. Jobing.Com Arensa was built by the cityof Glendale, which says it will pursuw a $500 million to $750 million claimj if the Coyotes break their 30-year lease.
Balsillie’d court filing contends the bankruptcy courf has the leeway to discharge such a The NationalFootball League, National Basketball Associationm and Major League Baseball back the NHL’ds bid to keep the Coyotea in Arizona fearing the move could set a precedent.
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