The National Hockey League expects the Phoenix Coyotes to lose $20 million this season — less than the $40 million to $50 million previously estimated by attorneys and others involved in the team’s Chapter 11 bankruptcy case. How is that for making progress? The savings are likely coming from a smaller payroll now that Wayne Gretzky has been dumped.
The NHL filed a lawsuit against former owner Jerry Moyes on Friday in New York, claiming Moyes breached agreements with the league. That includes trying to sell the Coyotes to Research in Motion CEO Jim Balsillie, who wanted to move the team to Canada. It will be interesting to see what agreements the NHL can provide in court. As for trying to sell the team, I am pretty sure Moyes filed for bankruptcy and the courts sold the team. Last time I checked the NHL was the buyer. It's hard to understand why the league is looking for more bad publicity.
Speaking of buyers what ever happened to the Ice Edge group?
Meanwhile, the Coyotes are currently the fourth seed in the NHL’s Western Conference, and Coach Dave Tippett will be up for NHL coach of the year. I guess the NHL is a pretty good owner.
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