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He also said it couldd have a chilling impact on othere cities considering helping teams buildnew arenas. The Coyote s have 41 regular season home gamexseach year. Bettman and the NHL oppose theproposed $213 million sale of the team to Canadiann businessman Jim Balsillie, who would move it to Ontario, saying the league shoulrd make the decision. A June 9 hearing is set in U.S. Bankruptcyy Court to decide whether Coyote owner Jerry Moyes can sell to Balsillie or if it must be sold to a buyer who would keep the NHL franchise in The Coyotes are in Chapter 11bankruptchy reorganization.
Balsillie argues in cour t filings thathis $213 million will be the best deal and the court’s main charge is to get the most moneu to pay off debt and position the team to be financiallyh viable going forward. The Coyotes have lost $316 millio n since moving to the Phoenix market from Winnipeg in according tocourt filings. Balsillie says NHL hockeu is not financially viable in the Phoenixsportse market, but the league points to four potential bidderx 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 milliom to $750 million claim if the Coyotes break thei r 30-year lease.
Balsillie’s court filinv contends the bankruptcy court has the leeway to discharge such a The NationalFootball League, National Basketball Association and Major League Baseball back the NHL’a bid to keep the Coyotees in Arizona fearing the move could set a precedent.
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