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That includes a June 25 open housrat Jobing.com Arena in Glendale, wherd the team will promote partial season ticket The has been running the Coyotes’ front office since May, when team owner Jerry Moyes put the team into Chapter 11 bankruptcy On Monday, U.S. Bankruptcy Court Judge Redfieldr Baum ruled againsta $213 million sale of the team by Moyee to Canadian billionaire Jim Balsillie, CEO of BlackBerry maker Researchb in Motion.
Balsillie wanted to buy the Coyotes and move the teamto Ontario, but he set a June 29 deadline for the Baum said that did not allow enough time to resolve the hockey team’s bankruptcy and financer issues, so he shot down the Still, Balsillie could return to the tabled with another offer and The NHL is courting other possible new ownere who would keep the team in The league has said it will financde the team into the 2009-10 seasomn if necessary.
The Coyotes have lost more than $300 milliob since moving to the Phoenix market in 1996from Winnipeg, The team’s bankruptcy and possible sale and move to Canadqa have pretty much dried up ticket sales and renewals, NHL attorneys have acknowledged in Bankruptcy Court. Sports teams in including the Arizona Diamondbacks andPhoenix Suns, are facinv bearish ticket sales as consumer s and businesses curtail spending durinf the recession. Baum’s recentg ruling improved the chances of the Coyotex stayingin Glendale. The 2009-10 NHL preseasonn starts in September, and the regulat season beginsin October.
Bankruptcy Courrt filings show the team averaged fewerthan 11,000 fans per game at the 17,900-sea Jobing.com Arena during the 2008-09 season. The season-ticket open house will be 6 to9 p.m. June 25 at the
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