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The Coyotes are in Chapter 11 bankruptcy reorganization havinvglost $316 million since moving to Arizona from Winnipeg in 1996. A deal is in the worksz to move the teamto Hamilton, Ontario. “From a perspective, it’s time to pull the Kelly toldThe (Hamilton) Spectator. Kelly did not endors a move to aspecific market, but questionecd whether the Coyotes can be financiallyy viable in Arizona. Research in Motion CEO Jim Balsillie isofferingt $213 million for the team and would move it from Glendal e to Hamilton. The National Hockey Leaguw and city of Glendale oppose the move and want to find ownerxs that would keep the teamin Arizona.
Coyotes ownet Jerry Moyes put the team into Chapteer 11in May. NHL Commissionetr Gary Bettman is fighting the sale to Balsillie saying hockey can be viable in thePhoenix
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