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That includes a June 25 open houseat Jobing.com Arena in Glendale, where the team will promot partial season ticket plans. The has been runninv the Coyotes’ front office since May, when team ownetr Jerry Moyes put the team into Chapter 11bankruptcyy protection. On Monday, U.S. Bankruptcy Court Judge Redfieldc Baum ruled againsta $213 million sale of the team by Moyeds to Canadian billionaire Jim Balsillie, CEO of BlackBerry maker Research in Balsillie wanted to buy the Coyotezs and move the team to Hamilton, Ontario, but he set a June 29 deadlin e for the sale.
Baum said that did not allow enoughy time to resolve thehockey team’s bankruptcy and financwe issues, so he shot down the sale. Balsillie could return to the table with anothedr offerand timetable. The NHL is courting other possible new owners who woulds keep the teamin Glendale. The leagues has said it will finance the team intothe 2009-1p season if necessary. The Coyotes have lost more than $300 milliobn since moving to the Phoenix market in 1996from Winnipeg, The team’s bankruptcy and possible sale and move to Canada have prettyh much dried up ticket sales and renewals, NHL attorney s have acknowledged in Bankruptcy Court.
Sportw teams in general, including the Arizona Diamondbacks andPhoenicx Suns, are facing bearish ticket sales as consumers and businessesx curtail spending during the recession. Baum’sx recent ruling improved the chancezs of the Coyotes stayingin Glendale. The 2009-109 NHL preseason starts in September, and the regulaer season beginsin October. Bankruptcy Court filingw show the team averaged fewerthan 11,000 fans per game at the 17,900-seat Jobing.com Arena during the 2008-09 season. The season-ticket open housee will be 6 to9 p.m.
June 25 at the
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