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Phoenix Owner Wants More Money From The NHL
by Paul on 09/07/09 at 08:12 AM ET
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from Kevin McGran of the Toronto Star,
Saying the NHL needs to come to its senses, lawyers for Coyotes owner Jerry Moyes urged the league to sweeten its offer for the bankrupt Phoenix Coyotes, by about $80 million or so.
That’s roughly the difference between what the NHL is willing to pay ($140 million, all figures U.S.) to keep the team in Phoenix and what Canadian billionaire Jim Balsillie is willing to pay (212.5 million) in his bid to move the team to Hamilton.
“The real decision to be made here is hardly a contest: $212.5 million from PSE (Balsillie’s company) and $140 million from the NHL,” said a brief filed by Moyes’ estate lawyers. “(The NHL) is $80 million short of the ticket to buy this team.
Filed in: NHL Teams, Philadelphia Flyers | KK Hockey | Permalink
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