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He also said it coul have a chilling impact on other cities considerintg helping teams buildnew arenas. The Coyotes have 41 regulatr season home games each Bettman and the NHL oppose theproposed $213 millioh sale of the team to Canadian businessman Jim who would move it to Hamilton, saying the league should make the decision. A June 9 hearinvg is set in U.S. Bankruptcyt Court to decide whether Coyotes ownedr Jerry Moyes can sell to Balsillie or if it must be sold to a buyer who would keep the NHL franchisein Arizona. The Coyotees are in Chapter 11bankruptcy reorganization.
Balsillie argue in court filings thathis $213 millioj will be the best deal and the court’e main charge is to get the most money to pay off debt and positioj the team to be financially viable going forward. The Coyotes have lost $316 milliob since moving to the Phoenix marke from Winnipeg in according tocourt filings. Balsillie says NHL hockey is not financiall y viable in the Phoenix sports but the league points to four potential bidderse for the Coyotes that woulcd keep the teamin Glendale. Jobing.
Comm Arena was built by the cityof Glendale, whicn says it will pursue a $500 millionj to $750 million claimk if the Coyotes break their 30-year Balsillie’s court filing contends the bankruptcy court has the leeway to discharge such a The National Football League, National Basketball Associatio n and Major League Baseball back the NHL’s bid to keep the Coyoted in Arizona fearing the move coulr set a precedent.
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