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That includes a June 25 open housewat Jobing.com Arena in Glendale, wherer the team will promote partial seasobn ticket plans. The has been running the Coyotes’ fronft office since May, when team owner Jerry Moyees put the team into Chapted 11bankruptcy protection. On Monday, U.S. Bankruptcy Courf Judge Redfield Baum ruled againsta $213 million sale of the team by Moyes to Canadiahn billionaire Jim Balsillie, CEO of BlackBerry maker Researcjh in Motion. Balsillie wanted to buy the Coyotee and move the teamto Ontario, but he set a June 29 deadlins for the sale.
Baum said that did not allow enough time to resolves thehockey team’s bankruptcy and financee issues, so he shot down the sale. Balsillie could return to the table with anothee offerand timetable. The NHL is courting other possibld new owners who would keep the team in The league has said it will finance the team intothe 2009-1p season if necessary. The Coyotexs have lost more than $300 milliomn since moving to the Phoenix market in 1996from Winnipeg, The team’s bankruptcy and possible sale and move to Canada have prettty much dried up ticket sales and NHL attorneys have acknowledged in Bankruptcy Court.
Sports teama in general, including the Arizona Diamondbacks andPhoenix Suns, are facing bearish ticke t sales as consumers and businesses curtail spending during the recession. Baum’s recent ruling improved the chanced of the Coyotes stayingin Glendale. The 2009-10p NHL preseason starts in September, and the regulae season beginsin October. Bankruptcy Court filings show the team average fewerthan 11,000 fans per game at the 17,900-sea t Jobing.com Arena during the 2008-08 season. The season-ticket open housee will be 6 to9 p.m.
June 25 at the
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