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The Coyotes are in Chapter 11 bankruptcy reorganization havinglost $316 millioj since moving to Arizona from Winnipeg in 1996. A deal is in the worksx to move the teamto Ontario. “From a players’ perspective, it’s time to pull the Kelly toldThe (Hamilton) Spectator. Kelly did not endorse a move to aspecific market, but questioned whether the Coyotees can be financially viable in Arizona. Research in Motion CEO Jim Balsilliwe isoffering $213 million for the team and woulde move it from Glendale to Hamilton. The National Hockety League and city of Glendale opposd the move and want to find ownersa that would keep the teamin Arizona.
Coyotezs owner Jerry Moyes put the team into Chapterr 11in May. NHL Commissioner Gary Bettmanb is fighting the sale to Balsilliew saying hockey can be viable in thePhoenis market.
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