NHL commissioner: Coyotes move could damage Westgate, arena construction – Business First of Buffalo:

He also said it could have a chilling impact on other citiex considering helping teams buildnew arenas. The Coyoted have 41 regular season home gameseach year. Bettma and the NHL oppose the proposed $213 milliob sale of the team to Canadian businessmanmJim Balsillie, who wouled move it to Hamilton, Ontario, saying the league should make the A June 9 hearing is set in U.S. Bankruptcy Court to decide whether Coyote s owner Jerry Moyes can sell to Balsillie or if it must be sold to a buye who would keep the NHL franchise in The Coyotes are in Chapter 11 bankruptcy Balsillie argues in court filings thathis $213 million will be the best deal and the court’s main chargwe is to get the most money to pay off debt and positiomn the team to be financiallty viable going forward.
The Coyotesw have lost $316 million since moving to the Phoenix markeyt from Winnipegin 1996, according to courtr filings. Balsillie says NHL hockey is not financially viable in the Phoenixsports market, but the leaguse points to four potential bidders for the Coyotese that would keep the team in Jobing.Com Arena was built by the city of which says it will pursu e a $500 million to $750 million claim if the Coyotezs break their 30-year lease. Balsillie’d court filing contends the bankruptcy court has the leeway to dischargd sucha claim.
The National Football League, Nationap Basketball Association and Major League Basebal l backthe NHL’s bid to keep the Coyotesw in Arizona fearing the move could set a
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