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NHL says it controls Coyotes
Source: Agencies |
May 9, 2009, Saturday
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THE NHL said it has been in control of the Phoenix Coyotes since November and asked a federal judge on Thursday to throw out the team's bankruptcy filing.
NHL deputy commissioner Bill Daly said Coyotes owner Jerry Moyes signed documents giving control of the team to the league. Daly said the documents specifically prohibit Moyes from taking the franchise into bankruptcy.
"We are filing a motion basically asking the judge to confirm that the league is in control of the club," Daly said, "and at that point we'll be able to dismiss all the claims in bankruptcy."
Daly spoke after a hearing in US Bankruptcy Court on the franchise's filing for Chapter 11 reorganization on Tuesday. The filing includes a plan to sell the team to Canadian businessman Jim Balsillie for US$212.5 million and move it to southern Ontario.
Judge Redfield Baum set a hearing for May 19 for arguments on who is in charge of the franchise and whether Moyes had the authority to file for bankruptcy.
The NHL wants to keep the team in Arizona and says it is in discussions with a prospective ownership group that includes Jerry Reinsdorf, owner of the Chicago White Sox and Chicago Bulls.
The league has funded the operation of the team since last August or September, and Moyes has signed documents turning over control of the team to the NHL "more than once," Daly said.
NHL deputy commissioner Bill Daly said Coyotes owner Jerry Moyes signed documents giving control of the team to the league. Daly said the documents specifically prohibit Moyes from taking the franchise into bankruptcy.
"We are filing a motion basically asking the judge to confirm that the league is in control of the club," Daly said, "and at that point we'll be able to dismiss all the claims in bankruptcy."
Daly spoke after a hearing in US Bankruptcy Court on the franchise's filing for Chapter 11 reorganization on Tuesday. The filing includes a plan to sell the team to Canadian businessman Jim Balsillie for US$212.5 million and move it to southern Ontario.
Judge Redfield Baum set a hearing for May 19 for arguments on who is in charge of the franchise and whether Moyes had the authority to file for bankruptcy.
The NHL wants to keep the team in Arizona and says it is in discussions with a prospective ownership group that includes Jerry Reinsdorf, owner of the Chicago White Sox and Chicago Bulls.
The league has funded the operation of the team since last August or September, and Moyes has signed documents turning over control of the team to the NHL "more than once," Daly said.
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