Phoenix Coyotes sale back in court
The future of NHL hockey in Phoenix and Hamilton could be made a little more clear today when bankruptcy court Judge Redfield T. Baum convenes a hearing into the proposed sale of the Phoenix Coyotes.
But it won't be easy to sort out the arguments, accusations and counter-accusations contained in hundreds of pages of documents submitted by the various players in the hockey club's sale.
Coyotes owner Jerry Moyes is asking the judge to investigate backroom deals he alleges are involved in the $148-million bid by Chicago sports magnate Jerry Reinsdorf. Moyes stands to lose millions if Reinsdorf, rather than Canadian billionaire Jim Balsillie, is allowed to buy the team.
Balsillie, who wants to buy the club and move it to Hamilton, will not be involved in the proceedings today as no motions were filed on behalf of PSE Sports and Entertainment, the company he has set up to buy the team.
One person who won't be on bench is Wayne Gretzky. The Coyotes coach and minority owner Wayne Gretzky has registered with the court to take part in the proceedings, a move made to protect the $9.3 million he says he is owed.
Gretzky's lawyers are also trying to block a motion issued by the City of Glendale, Ariz., to open his tax record to public scrutiny.