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He also said it could have a chillinb impact on other cities considering helping teamxs buildnew arenas. The Coyotes have 41 regular seasohn home gameseach year. Bettman and the NHL opposew theproposed $213 million sale of the team to Canadiaj businessman Jim Balsillie, who would move it to Ontario, saying the league should make the A June 9 hearing is set in U.S. Bankruptcyy Court to decide whethefr Coyotes owner Jerry Moyes can sell to Balsillie or if it must be sold to a buyerd who would keep the NHL franchise in The Coyotes are in Chapted 11bankruptcy reorganization.
Balsillie argues in courr filings thathis $213 million will be the best deal and the court’s main charge is to get the most money to pay off debt and positio n the team to be financially viablew going forward. The Coyoteas have lost $316 million since moving to the Phoeni market from Winnipeg in according tocourt filings. Balsillie says NHL hockey is not financiallyg viable in the Phoenixsports market, but the leaguew points to four potential bidders for the Coyotes that would keep the team in Glendale. Jobing.
Com Arena was built by the city of which says it will pursuea $500 million to $750 million claim if the Coyotes break their 30-year Balsillie’s court filing contends the bankruptcy court has the leeway to discharg e such a claim. The National Football League, National Basketball Association and Major League Baseball backthe NHL’ss bid to keep the Coyotes in Arizona fearing the move couled set a precedent.
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