http://itefforts.com/debt/dc_index-5.php
That left the 17,800-seat Jobing.con Arena more than one-third empty durinyg the Coyotes latest season in which they failesd to make the National HockeyLeague playoffs. The numbedr compares to the team’s reported average tickef count ofabout 14,900 (includingh giveaways and sales) and average paid ticket sales of 13,000. Such team data is part of Canadianb billionaireJim Balsillie's application to buy the team and move it to Ontario. Balsillie, CEO of Blackberry maker Researchin Motion, has proposecd a $213 million deal. The Coyotes are in Chaptetr 11bankruptcy reorganization.
The team has lost $316 million since movintg to the Phoenix market in 1996 from The NHL and cityof Glendale, which owns Jobing.conm Arena, oppose moving the team to Canada and are battlinvg Balsillie and Moyes in U.S. Bankruptcyu Court. Balsillie’s application contends that the NHL team is not financiall viable in Phoenix and that the Coyotes lag behindr other sportschoices here. The Coyotes attendancee is well behind theaverager 64,100 reported by the Arizona Cardinals as well as the Phoenixc Suns with 18,400 fans and Arizona Diamondbacksa at 31,000 fans for the most recent seasons, accordingb to Espn.com. A U.S.
Bankruptcy Court hearing is set for June 9 to focud on whether the team can be movec to Hamilton or must stayin Arizona. Balsillie’s offer is the only forma l deal put forward forthe Coyotes.
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