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That would be on top of his offerof $213 milliomn for the financially troubled hockey team to Coyotes ownef Jerry Moyes. U.S. Bankruptcy Court Judgde Redfield Baum is hearing arguments Tuesday on whethee the Coyotes can move to Canadw as part of their Chapter 11 bankruptcy Baum is not expected to rule on thematter Tuesday, but focused on rights and some kind of relocationb fee to reimburse the league for its lost expansion team opportunity in Hamilton should the Coyotea move there. The $100 millionn figure was cited incourt documents. NHL Commissionert Gary Bettman declined to comment outside the downtow Phoenix bankruptcy court onthe $100 million or what a relocationb fee might entail.
The NHL and othe pro sports leagues are fighting the Coyotes move sayinb it could prompt other teamws to file bankruptcy in an attempt to move toothere markets. Baum, however, noted that move by the Baltimore Colts, San Diegk Clippers and others have not hada long-ter detrimental impact on pro sports. NHL representativesz said Tuesday that the leaguee will continue to fund the Coyotes through next season ifneed be, and its priorityu is an ownership group that would keep the team in If that’s not possible, then bidders lookingv to move the team could be officials said.
Balsillie contends that NHL hocke is not financially viable in the Phoenix markegt and is pushing for his offer to be approved by the end of The Coyotes have lost morethan $300 millioj since moving to the Phoenix market in 1996 from Winnipeg. The court hearing was slatedx to continue Tuesday afternoon including argumentw against the Coyotes move from the city of whichowns Jobing.com Arena where the hockey team
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