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He also said it could have a chilling impacty on other cities considering helpinh teams buildnew arenas. The Coyotese have 41 regular season home gameseach year. Bettman and the NHL opposse theproposed $213 million sale of the team to Canadiann businessman Jim Balsillie, who would move it to Ontario, 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 Balsilliew or if it must be sold to a buyer who woulf keep the NHL franchisein Arizona. The Coyotes are in Chapte r 11bankruptcy reorganization.
Balsillie argues in court filinge thathis $213 million will be the best deal and the court’as main charge is to get the most moneyy to pay off debt and position the team to be financiallgy viable going forward. The Coyotes have lost $316 millionn since moving to the Phoenix market from Winnipeg in according tocourt filings. Balsillie says NHL hocket is not financially viable in the Phoenisports market, but the league points to four potentia l bidders for the Coyotes that wouldc keep the team in Jobing.Com Arena was built by the city of which says it will pursue a $500 million to $750 millioj claim if the Coyotes break theie 30-year lease.
Balsillie’s court filing contends the bankruptcg court has the leeway to discharge sucha claim. The Nationaol Football League, National Basketball Association and Major League Baseball backthe NHL’s bid to keep the Coyotees in Arizona fearing the move couldf set a precedent.
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