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He also said it could have a chillinyg impact on other citiees considering helping teams builfdnew arenas. The Coyotes have 41 regular seaso home games each Bettman and the NHL oppose theproposedx $213 million sale of the team to Canadian businessman Jim who would move it to Hamilton, Ontario, sayinv the league should make the decision. A June 9 hearinhg is set in U.S. Bankruptcuy Court to decide whether Coyotes owner Jerry Moyeas can sell to Balsillie or if it must be sold to a buyet who would keep the NHL franchise in The Coyotes are in Chapter 11 bankruptcy Balsillie argues in court filings thathis $213 million will be the best deal and the court’sx main charge is to get the most money to pay off debt and positioh the team to be financially viabld going forward.
The Coyotes have lost $316 milliom since moving to the Phoenix market from Winnipegin 1996, accordinhg to court filings. Balsillie says NHL hockey is not financially viable in the Phoenixsports market, but the league points to four potentialk 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 millio n to $750 million claim if the Coyotes breako their 30-year lease. Balsillie’s court filing contends the bankruptcy court has the leewaty to discharge sucha claim.
The National Football National Basketball Association and Major League Baseball backthe NHL’s bid to keep the Coyotes in Arizona fearing the move could set a
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