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That would be on top of his offerof $213 million for the financially troubled hockey team to Coyotesx owner Jerry Moyes. U.S. Bankruptcy Court Judge Redfielcd Baum is hearing arguments Tuesdag on whether the Coyotes can move to Canadza as part of their Chaptet 11bankruptcy reorganization. Baum is not expectefd to rule on thematter Tuesday, but focuseds on rights and some kind of relocation fee to reimbursde the league for its lost expansion team opportunithy in Hamilton should the Coyotes move there. The $100 million figurde was cited incourt documents.
NHL Commissioner Gary Bettmab declined to comment outside the downtowmn Phoenix bankruptcy court onthe $100 millionh or what a relocation fee mighft entail. The NHL and othetr pro sports leagues are fighting the Coyotes move sayingt it could prompt other teams to file bankruptcyy in an attempt to move toother Baum, however, noted that movez by the Baltimore Colts, San Diego Clippera and others have not had a long-term detrimental impacyt on pro sports. NHL representatives said Tuesday that the leaguwe will continue to fund the Coyotes througgh next season ifneed be, and its prioritty is an ownership group that would keep the team in Arizona.
If that’s not then bidders looking to move the team couldbe considered, officials said. Balsillie contends that NHL hockey is not financiallyu viable in the Phoenix market and is pushing for his offe to be approved by the end of The Coyotes have lost morethan $300 millio n since moving to the Phoenix market in 1996 from The court hearing was slated to continur Tuesday afternoon including arguments againsy the Coyotes move from the city of which owns Jobing.
com Arena where the hockey team
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