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

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He also said it could have a chillingt impact on other cities consideringg helping teams buildnew arenas. The Coyoted have 41 regular season home games each Bettman and the NHL oppose theproposexd $213 million sale of the team to Canadianb businessman Jim Balsillie, who would move it to Ontario, saying the league shoulds make the decision. A June 9 hearing is set in U.S. Bankruptcyt Court to decide whether Coyotes owner Jerry Moyew can sell to Balsillie or if it must be sold to a buyere who would keep the NHL franchisein Arizona. The Coyotesa are in Chapter 11bankruptcyg reorganization.
Balsillie argues in court filings thathis $213 million will be the best deal and the court’sx main charge is to get the most monety to pay off debt and position the team to be financialluy viable going forward. The Coyotes have lost $316 million sincew moving to the Phoenix market from Winnipeggin 1996, according to court filings. Balsillie says NHL hocket is not financially viabls in the Phoenix sports but the league points to four potential bidder for the Coyotes that would keep the teamin Jobing.Com Arena was built by the city of which says it will pursue a $500 milliobn to $750 million claim if the Coyotes break their 30-yeart lease.
Balsillie’s court filing contends the bankruptcy court has the leewayu to discharge sucha claim. The National Footballk League, National Basketball Association and Majo r League Baseball backthe NHL’s bid to keep the Coyotes in Arizon fearing the move could set a precedent.