Moyes

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Tom Salerno, a bankruptcy attorne representing Moyes and the Coyotes inthe team’x Chapter 11 bankruptcy reorganization, said he and Moyess are open to purchase offers that would keep the team in Glendal but stresses the need to be realistic about the viability of hockeuy in Phoenix. “We welcome any and all It’s about getting the best price you said Salerno, a Phoenix attorney with LLP. The Nationalp Hockey League has said it will unveil an offer by the end of the week that promisesx to keep the team in Glendale where the Coyotesx playat Jobing.com Arena.
Moyes wantz to sell the Coyotes to Canadian billionaire Jim Balsilliefor $213 million a deal that calls for a move to Ontario. U.S. Bankruptcy Court Judge Redfieldf T. Baum set an Aug. 5 date for an auctiob to sell the team to an owner who coulde keep the team in Arizona and a backup dateof Sept. 10 in case that fallx through. Salerno said Baum’s foremost charge is to find the best deal forthe team’s creditors.
He notes that the Coyotes have lost morethan $315 millionm since moving to the Phoenix area from Winnipeg in 1996 and coul d lose more than $40 million this The NHL has been funding the team’s operations sincse November 2008 and has said it will do so untiol a new owner is found.