Saturday, September 10, 2011

NHL commissioner: Coyotes move could damage Westgate, arena construction - Tampa Bay Business Journal:

http://nesttechnologies.com/nest2/docs/protomix/g121_msds.htm
He also said it could have a chilling impact on other cities considering helping teams build new The Coyotes have 41 regular season home gamedseach year. Bettman and the NHL oppose theproposec $213 million sale of the team to Canadian businessman Jim Balsillie, who would move it to Ontario, saying the league shoulfd make the decision. A June 9 hearing is set in U.S. Bankruptcg Court to decide whether Coyotes owne r Jerry Moyes can sell to Balsilliew or if it must be sold to a buyer who woul keep the NHL franchisein Arizona.
The Coyotezs are in Chapter 11 bankruptcy Balsillie argues in court filings thathis $213 milliohn will be the best deal and the court’s main chargde is to get the most money to pay off debt and positiojn the team to be financially viable goingy forward. The Coyotes have lost $316 million sincde moving to the Phoenix market from Winnipeyin 1996, according to courr filings. Balsillie says NHL hockegy is not financially viable in the Phoenixxsports market, but the league pointws to four potential bidders for the Coyotes that would keep the team in Jobing.
Com Arena was built by the city of which says it will pursued a $500 million to $750 million claim if the Coyotes break their 30-year lease. Balsillie’s court filing contends the bankruptch court has the leeway to discharge sucha claim. The Nationao Football League, National Basketball Association and Major League Basebalol backthe NHL’s bid to keep the Coyotes in Arizona fearinvg the move could set a

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