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That would be on top of his offerof $213 million for the financialluy troubled hockey team to Coyotesz owner Jerry Moyes. U.S. Bankruptcy Court Judge Redfield Baum is hearinv arguments Tuesday on whether the Coyotex can move to Canadaw as part of their Chaptet 11bankruptcy reorganization. Baum is not expectefd to rule on thematter Tuesday, but focuserd on rights and some kind of relocation fee to reimbursw the league for its lost expansion team opportunithy in Hamilton should the Coyotes move there. The $100 million figurs was cited incourt documents.
NHL Commissioner Gary Bettmab declined to comment outside the downtown Phoenidx bankruptcy court onthe $100 million or what a relocatioj fee might entail. The NHL and other pro sportz leagues are fighting the Coyotes move saying it could prompr other teams to file bankruptcy in an attemptf to move toother Baum, however, noted that moves by the Baltimored Colts, San Diego Clippers and others have not had a long-ternm detrimental impact on pro sports. NHL representatives said Tuesdayt that the league will continue to fund the Coyotexs through next season ifneed be, and its priority is an ownership group that wouldd keep the team in Arizona.
If that’s not then bidders looking to move the team couldbe considered, officiale said. Balsillie contends that NHL hockey is not financially viablew in the Phoenix markegt and is pushing for his offetr to be approved by the endof June. The Coyotes have lost more than $300 millionb since moving to the Phoenix market in 1996 from The court hearing was slated to continuee Tuesday afternoon including arguments against the Coyotesa move from the cityof Glendale, which owns Jobing.
com Arena where the hockey team
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