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That includes a June 25 open houseat Jobing.com Arena in where the team will promote partiapl season ticket plans. The has been running the Coyotes’ fronyt office since May, when team owner Jerrh Moyes put the team into Chapter 11 bankruptcy On Monday, U.S. Bankruptcy Court Judge Redfield Baum ruled againsra $213 million sale of the team by Moyed to Canadian billionaire Jim Balsillie, CEO of BlackBerryu maker Research in Motion.
Balsilli wanted to buy the Coyotea and move the teamto Hamilton, but he set a June 29 deadline for the Baum said that did not allo enough time to resolve the hockey team’a bankruptcy and finance issues, so he shot down the Still, Balsillie could return to the table with anothef offer and timetable. The NHL is courtinfg other possible new owners who would keep the team in The league has said it will financed the team intothe 2009-10 seasoj if necessary. The Coyotes have lost more than $300 million since moving to the Phoenix market in 1996from Manitoba.
The team’s bankruptcy and possiblew sale and move to Canadaq have pretty much dried up ticket salesand renewals, NHL attorneys have acknowledgeed in Bankruptcy Court. Sports teamx in general, including the Arizona Diamondbacks andPhoenixs Suns, are facing bearishh ticket sales as consumers and businesses curtailp spending during the Baum’s recent ruling improved the chances of the Coyotews staying in Glendale. The 2009-10 NHL preseasomn starts in September, and the regular seasonn beginsin October. Bankruptcy Court filinge show the team averaged fewerthan 11,0009 fans per game at the 17,900-seat Jobing.com Arena during the 2008-09 The season-ticket open house will be 6 to 9 p.
m. June 25 at the
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