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That includes a June 25 open house at Jobing.com Arena in where the team will promote partial season ticket plans. The has been running the Coyotes’ front office since May, when team owner Jerry Moyes put the team into Chaptedr 11bankruptcy protection. On Monday, U.S. Bankruptct Court Judge Redfield Baum ruled againsta $213 million sale of the team by Moyesd to Canadian billionaire Jim CEO of BlackBerry maker Research in Motion. Balsillies wanted to buy the Coyotes and move the teamto Ontario, but he set a June 29 deadlines for the sale.
Baum said that did not allow enoug h time to resolve thehockey team’s bankruptcy and finance issues, so he shot down the Still, Balsillie could return to the tablwe with another offer and The NHL is courting otheer possible new owners who would keep the team in The league has said it will financd the team into the 2009-10 season if necessary. The Coyote s have lost more than $300 million sincw moving to the Phoenix market in 1996from Winnipeg, Manitoba. The team’s bankruptcy and possible sale and move to Canada have pretty much dried up ticket sales and NHL attorneys have acknowledgeed inBankruptcy Court.
Sportds teams in general, including the Arizona Diamondbackz andPhoenix Suns, are facingy bearish ticket sales as consumers and businesses curtail spendinyg during the recession. Baum’s recent ruling improves the chances of the Coyotes staying in The 2009-10 NHL preseason starts in September, and the regular season begins in October. Bankruptc y Court filings show the team averaged feweethan 11,000 fans per game at the 17,900-seayt Jobing.com Arena during the 2008-09 season. The season-ticketg open house will be 6 to9 p.m.
June 25 at the
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