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He also said it could have a chillinbg impact on other cities considering helping teams build new The Coyotes have 41 regular season home gamewseach year. Bettman and the NHL opposew theproposed $213 million sale of the team to Canadiabn businessman Jim Balsillie, who woulrd move it to Hamilton, Ontario, saying the leaguw should make the decision. A June 9 hearinbg is set in U.S. Bankruptcy Court to decides whether Coyotes owner Jerry Moyes can sell to Balsillie or if it must be sold to a buyetr who would keep the NHL franchise in The Coyotes are in Chapter 11bankruptcy reorganization.
Balsillid argues in court filings thathis $213 million will be the best deal and the court’w main charge is to get the most money to pay off debt and positiobn the team to be financially viablre going forward. The Coyotes have lost $316 milliomn since moving to the Phoenix market from Winnipetgin 1996, according to court Balsillie says NHL hockey is not financially viable in the Phoenix sports but the league points to four potential bidders for the Coyotes that woulde keep the team in Glendale. Jobing.Com Arena was built by the city of which says it will pursuea $500 million to $750 millio claim if the Coyotes breamk their 30-year lease.
Balsillie’s court filing contends the bankruptcyu court has the leeway to discharge such a The NationalFootball League, National Basketball Association and Major Leagude Baseball back the NHL’s bid to keep the Coyotes in Arizona fearinfg the move could set a precedent.
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