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On The Business Side, Battles Still Continue In Phoenix
by Paul on 03/11/10 at 08:26 AM ET
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from Stephen Brunt of the Globe and Mail,
The league, though, is apparently unwilling to settle for its Pyrrhic victory and let bygones be bygones. It is now suing Moyes for allegedly breaking side deals in which he pledged not to take the team into bankruptcy, and not to relocate it or sell it to anyone who would.
Whether or not the NHL has a case is pretty much beside the point (though it’s at least interesting to consider whether the owner of a business can ever really surrender the right to take it into bankruptcy, or whether a handshake agreement could indeed supersede the NHL’s own bylaws on franchise relocation). The lawsuit will go on, probably with a Moyes countersuit added to the mix. Eventually, someone will tire of paying the lawyers, and a settlement will be reached.
Probably the league will get back a tiny fraction of the dough it has frittered away buying the team out of bankruptcy and operating it at a considerable loss this season. Perhaps the NHL will even pass on a little of that windfall to former Coyotes minority owner/head coach Wayne Gretzky – though you’d think that it might have simply found a way to discreetly take care of its most famous son before his estrangement from the NHL hierarchy became so obvious.
Filed in: NHL Teams, Phoenix Coyotes | KK Hockey | Permalink
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