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Coyotes CEO Says No Bankruptcy, No Plans To Sell Team
by Paul on 12/12/08 at 10:26 PM ET
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from Craig Harris of the Arizona Republic,
Phoenix Coyotes Chief Executive Jeff Shumway shot down a report this week that claimed the financially strapped desert dogs were facing a handful of doom-and-gloom options that include filing for bankruptcy.
A story in Toronto’s Globe and Mail said the Coyotes were expected to lose up to $35 million this season and owner Jerry Moyes may be forced to renegotiate the team’s lease at Jobing.com Arena with Glendale, file for bankruptcy protection or give the team to the National Hockey League.
Shumway said Moyes, who also owns trucking company Swift Transportation, has no intention of giving up the team, filing for bankruptcy or giving the Coyotes to the NHL.
Filed in: NHL Teams, Phoenix Coyotes | KK Hockey | Permalink
Tags: Jeff+Shumway,
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