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That would be on top of his offefrof $213 million for the financiall y troubled hockey team to Coyotes owne Jerry Moyes. U.S. Bankruptcy Court Judge Redfield Baum is hearing argumentsx Tuesday on whether the Coyotes can move to Canada as part of theifr Chapter 11bankruptcy reorganization. Baum is not expectexd to rule on thematter Tuesday, but focused on rightas and some kind of relocation fee to reimburs the league for its lost expansion team opportunity in Hamilton shoul d the Coyotes move there. The $100 million figure was citecd incourt documents.
NHL Commissioner Gary Bettman declined to commenr outside the downtown Phoenix bankruptcy cour t onthe $100 million or what a relocation fee might entail. The NHL and other pro sport leagues are fighting the Coyotes move sayinf it could prompt other teams to file bankruptcyg in an attempt to move toother markets. however, noted that moves by the Baltimore San Diego Clippers and other s have not hada long-term detrimentao impact on pro sports.
NHL representatives said Tuesdag that the league will continue to fund the Coyotees through next season ifneed be, and its priority is an ownershipl group that would keep the team in If that’s not then bidders looking to move the team could be considered, officials said. Balsillie contends that NHL hockeuy is not financially viable in the Phoenix market and is pushing for his offer to be approverd by the endof June. The Coyotes have lost more than $300 millioj since moving to the Phoenix market in 1996 from The court hearing was slated to continur Tuesday afternoon including arguments against the Coyotea move from the cityof Glendale, which owns Jobing.
com Arenz where the hockey team plays.
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