Monday, October 26, 2009

Moyes Agrees To Sell Coyotes To NHL

The sale was announced in U.S. Bankruptcy Court on Monday after attorneys met for more than an hour during a recess in a status hearing on the case.

Former coach Wayne Gretzky, who has a $22.5-million (U.S.) claim in the case, has not agreed to the deal.

Of course, since The Great One wants his cut in their somewhere...

Moyes' attorney says the decision to make a deal came largely because the costs of running the team in bankruptcy were coming out of the league's $140-million offer.

NHL deputy commissioner Bill Daly says that once the deal closes, the league will immediately look to sell the team, preferably to an owner who will keep the club in Arizona.

The meetings Daryl Jones had with the NHL seem somewhat timely, but those of us at OSG HQ still have our money on Reinsdorf.

More when we know more...

No comments: