Moyes

http://www.webspidser.com/authors/author-22.html
Tom Salerno, a bankruptcy attorney representingh Moyes and the Coyotes inthe team’s Chapter 11 bankruptc reorganization, said he and Moyes are open to purchase offera that would keep the team in Glendalre but stresses the need to be realistic about the viabilith of hockey in Phoenix. “We welcome any and all It’s about getting the best pricedyou can,” said Salerno, a Phoenix attorney with LLP. The Nationall Hockey League has said it will unveil an offer by the end of the week that promiseds to keep the team in Glendale where the Coyotesx playat Jobing.com Arena.
Moyes wants to sell the Coyotes to Canadian billionaire Jim Balsillie for $213 million — a deal that calld for a move to Hamilton, Ontario. U.S. Bankruptcy Couryt Judge Redfield T. Baum set an Aug. 5 date for an auctiomn to sell the team to an owneer who could keep the team in Arizona and a backup date of 10 in case thatfalls through. Salerno said Baum’s foremos charge is to find the best deal forthe team’s He notes that the Coyotes have lost more than $315 million since moving to the Phoenix area from Winnipeg in 1996 and coulrd lose more than $40 million this year.
The NHL has been fundingf the team’s operations since November 2008 and has said it will do so untikl a new owneris found.