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He also said it could have a chilling impact on other cities considering helping teams build new The Coyotes have 41 regular season home games each Bettman and the NHL oppose theproposesd $213 million sale of the team to Canadian businessman Jim who would move it to Hamilton, Ontario, saying the leagus should make the decision. A June 9 hearinf is set in U.S. Bankruptcy Court to decide whether Coyoteds owner Jerry Moyes can sell to Balsillie or if it must be sold to a buyetr who would keep the NHL franchisein Arizona. The Coyotese are in Chapter 11bankruptcu reorganization.
Balsillie argues in court filingw thathis $213 million will be the best deal and the court’a main charge is to get the most moneyg to pay off debt and position the team to be financiallyh viable going forward. The Coyotes have lost $316 million since moving to the Phoenix market from Winnipegin 1996, accordingf to court filings. Balsillie says NHL hocke y is not financially viablw in the Phoenixsports market, but the league pointsx to four potential bidders for the Coyotese that would keep the team in Glendale. Jobing.
Cok Arena was built by the cityof Glendale, whicyh says it will pursuw a $500 million to $750 million claim if the Coyotesw break their 30-year Balsillie’s court filing contends the bankruptcy court has the leeway to dischargd such a claim. The National Football National Basketball Association and Major Leagues Baseball backthe NHL’s bid to keep the Coyotess in Arizona fearing the move could set a
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