Judge Delays Ruling in Coyotes Bankruptcy Case, Says He Needs More Time to Examine Documents
On one side: Coyotes majority owner Jerry Moyes, who announced that he filed bankruptcy on May 5, and Canadian billionaire Jim Balsillie, who made a $212.5 million offer to buy the Phoenix Coyotes the same day. Balsillie plans to move the Coyotes to Ontario if he's able to purchase the team.
On the other side: National Hockey League Commissioner Gary Bettman, who asserts he assumed control of the Coyotes in November, 2008, after giving the team a substantial line of credit. Also in this corner: the city of Glendale, which filed court documents stating that any relocation of the team would violate a clause in the Coyotes' 30-year lease at Jobing.com arena.