Kukla's Korner Hockey
Phoenix/NHL Deal Could Be Finalized Next Week
by Paul on 10/26/09 at 08:56 PM ET
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via NHL.com,
The National Hockey League has purchased the Phoenix Coyotes from owner Jerry Moyes in a deal that could be finalized by early next week.
Deputy Commissioner Bill Daly made the following statement about the pending deal on Monday night:
“In Phoenix today, a tentative agreement was reached among the parties to amend the NHL’s offer to purchase the Coyotes franchise out of bankruptcy, and a proposed order, mutually agreed to by the parties, will be filed with the Court seeking approval of the NHL’s amended bid.
“If there is no objection from the parties involved, and subject to any potential objections and a hearing if necessary, the parties hope to close the sale of the Club to the NHL by Monday, Nov. 2.
“It remains the NHL’s intention upon taking control of the Club to stabilize the Club’s operations and, as quickly as possible, to re-sell the Club to a new owner who is committed to operating the Club in the Glendale/Phoenix market.”
Filed in: NHL Teams, Phoenix Coyotes | KK Hockey | Permalink
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