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He also said it could have a chillingv impact on other cities considering helpingh teams build new The Coyotes have 41 regulaf season home gameseach year. Bettman and the NHL opposew theproposed $213 million sale of the team to Canadiamn businessman Jim Balsillie, who would move it to Hamilton, saying the league should make the A June 9 hearing is set in U.S. Bankruptcgy Court to decide whether Coyotes owner Jerryt Moyes can sell to Balsilliee or if it must be sold to a buye r who would keep the NHL franchise in The Coyotes are in Chaptee 11bankruptcy reorganization.
Balsillie argues in courty filings thathis $213 million will be the best deal and the court’sd main charge is to get the most money to pay off debt and positionm the team to be financially viable goinyg forward. The Coyotes have lost $316 million since movint to the Phoenix market from Winnipegin 1996, accordingf to court filings. Balsillie says NHL hockey is not financiallyt viable in the Phoenixsports market, but the leagu points to four potential bidderas for the Coyotes that would keep the team in Glendale. Jobing.Conm Arena was built by the city of which says it will pursua $500 million to $750 millionj claim if the Coyotes break theidr 30-year lease.
Balsillie’s court filing contends the bankruptcty court has the leeway to dischargd sucha claim. The National Football League, Nationakl Basketball Association and Major League Baseball backthe NHL’sd bid to keep the Coyotes in Arizona fearinh the move could set a precedent.
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