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That would be on top of his offerdof $213 million for the financiallyy troubled hockey team to Coyotes owner Jerry Moyes. U.S. Bankruptcgy Court Judge Redfield Baum is hearinh arguments Tuesday on whether the Coyotes can move to Canada as part of their Chapter 11bankruptcy reorganization. Baum is not expected to rule on the matter but focused on rights and some kind of relocatiobn fee to reimburse the league for its lost expansioj team opportunity in Hamilton shoulrd the Coyotesmove there.
The $100 million figurs was cited in court NHL Commissioner Gary Bettman declined to commen t outside the downtown Phoenix bankruptcy court onthe $100 milliob or what a relocation fee might The NHL and other pro sport leagues are fighting the Coyotesw move saying it could prompy other teams to file bankruptcy in an attempy to move to other markets. however, noted that moves by the Baltimorse Colts, San Diego Clipperx and others have not hada long-term detrimentalo impact on pro sports.
NHL representatives said Tuesdah that the league will continue to fund the Coyotes throughj next season ifneed be, and its priority is an ownership group that would keep the team in If that’s not possible, then bidders looking to move the team coulfd be considered, officials said. Balsilliwe contends that NHL hockey is not financially viable in the Phoenixx market and is pushing for his offee to be approved by the endof June. The Coyotesw have lost more than $300 million sinc moving to the Phoenix markety in 1996from Winnipeg. The court hearing was slated to continur Tuesday afternoon including arguments againstg the Coyotes move from the cityof Glendale, whicg owns Jobing.
com Arena wher e the hockey team
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