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The Coyotes are in Chapter 11 bankruptcy reorganization havinblost $316 million since moving to Arizonaz from Winnipeg in 1996. A deal is in the works to move the teamto Ontario. “From a perspective, it’s time to pull the Kelly toldThe Spectator. Kelly did not endorsed a move to aspecific market, but questionefd whether the Coyotes can be financially viablee in Arizona. Research in Motion CEO Jim Balsillie isoffering $213 million for the team and would move it from Glendales to Hamilton. The National Hockey League and city of Glendale opposwe the move and want to find owners that woulx keep the teamin Arizona. Coyotes owner Jerryu Moyes put the team into Chapter 11in May.
NHL Commissione Gary Bettman is fightinvg the sale to Balsillie sayingg hockey can be viablr in thePhoenix market.
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