Search Results for: Coyotes

Phoenix Coyotes to Winnipeg Move Rumored, Refuted

Yesterday a rumor surfaced that the Phoenix Coyotes would be moving to Winnipeg at the conclusion of the NHL playoffs.  Bill Daly, the deputy commissioner of the league, subsequently refuted those rumors, stating as follows: “No decisions have been made at this point one way or the other. Efforts to sell the club in Glendale remain ongoing.” […]

NHL Finally Takes Ownership of Phoenix Coyotes

By Dan Canavan After obtaining approval from Bankruptcy Judge Redfield T. Baum, the NHL officially became the owner of your Phoenix Coyotes on November 2, 2009.  After a series of bankruptcy setoffs and other creditor transactions, the NHL paid approximately $140 million for the Coyotes.  The NHL and the other 29 clubs will shoulder the […]

Gretzky Flees Phoenix Amid Coyotes Bankruptcy

By Dan Canavan Last week, Wayne Gretzky resigned as head coach of the Phoenix Coyotes. Gretzky, a creditor in the club’s ongoing bankruptcy proceedings, defended his resignation, claiming that neither potential ownership group was interested in retaining him as head coach. As a minority owner, Gretzky was being paid an excessive salary and is still owed […]

NHL Likely to Take Over Phoenix Coyotes

On Tuesday,  August 25, 2009, the Reinsdorf group announced that it has withdrawn its bid to purchase the Phoenix Coyotes at the upcoming September 10th bankruptcy court auction.   Reinsdorf’s $150 million bid now appears to reflect more NHL maneuvering to keep the Coyotes in Glendale (and away from Balsillie), than an actual arms-length transaction.  The purported “bid” included […]

Dan Canavan Interviewed on Phoenix Coyotes Bankruptcy

Peter James of Canwest News Service interviewed Dan Canavan, Connecticut Sports Law’s hockey expert, on Phoenix Coyotes’ bankruptcy proceedings for his article entitled Twisted series of issues continue to haunt Coyotes’ situation.  James’ article was published in a number of media outlets, including The National Post. Here are some highlights of Dan’s comments: Dan Canavan, a […]

As Phoenix Coyotes Saga Continues, Hartford is Silent

By Dan Canavan Will the Bankruptcy Court Accept a Lower Offer to Keep the Coyotes in AZ? A week ago Friday, Jerry Reinsdorf filed an offer to buy the Phoenix Coyotes for $148 million and keep the franchise in Glendale.  The Reinsdorf group appears to be the only serious bidder to have appeared in anticipation of the August […]

Phoenix Coyotes Auction to Favor Local Bidders

By Dan Canavan The NHL franchise currently known as the Phoenix Coyotes will be put up for auction by the Bankruptcy Court.  On Monday, Judge Redfield T. Baum ruled that the team would be auctioned, and set a two-tiered schedule for the sale of the Club, designed to favor a local ownership group willing to keep […]

Part II: Bankruptcy Court Yet to Rule on Phoenix Coyotes Case

By Dan Canavan Here is Part II of our observations from yesterday’s hearings in Bankruptcy Court concerning the prospective sale of the Phoenix Coyotes: Did the Coyotes Really Need to File for Bankruptcy Protection? Yes, it certainly appears that the Phoenix franchise should be in bankruptcy.  The franchise has rumored to have lost in excess of $300 […]