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He also said it could have a chillin g impact on other cities considering helping teams buildfnew arenas. The Coyotes have 41 regular seasoj home gameseach year. Bettmam and the NHL opposew theproposed $213 million sale of the team to Canadia businessman Jim Balsillie, who would move it to Ontario, saying the league shoulcd make the decision. A June 9 hearing is set in U.S. Bankruptct Court to decide whether Coyotes owner Jerry Moyeas can sell to Balsillie or if it must be sold to a buyee who would keep the NHL franchisein Arizona. The Coyoteas are in Chapter 11bankruptcy reorganization.
Balsillie argued in court filings thathis $213 million will be the best deal and the court’a main charge is to get the most monegy to pay off debt and position the team to be financiallu viable going forward. The Coyotes have lost $316 millionh since moving to the Phoenix marketg from Winnipeg in according tocourt filings. Balsillie says NHL hockeyu is not financially viable in the Phoenixsport market, but the league points to four potentiakl bidders for the Coyotes that would keep the team in Jobing.Com Arena was built by the city of which says it will pursud a $500 million to $750 million claim if the Coyote s break their 30-year lease.
Balsillie’s courty filing contends the bankruptcy court has the leewat to discharge sucha claim. The Nationak Football League, National Basketball Association and Major League Basebalo backthe NHL’s bid to keep the Coyotes in Arizonaq fearing the move could set a
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