About: Phoenix Coyotes bankruptcy   Sponge Permalink

An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

From May until September 2009, hearings were held in Phoenix bankruptcy court to determine the fate of the Coyotes and the holding company. Two potential bidders for the team surfaced, Chicago White Sox owner Jerry Reinsdorf and Ice Edge Holdings, Inc. but they did not put in a bid for the team at the bankruptcy hearing. Instead, the NHL put in the only rival bid to Balsillie for the team, while they fought Moyes' plan to sell the team and move it to Hamilton against the NHL rules. Ultimately, the Phoenix court ruled that the team could not be sold to Balsillie, as the judge held that bankruptcy could not be used to subvert the league's rules.

AttributesValues
rdfs:label
  • Phoenix Coyotes bankruptcy
rdfs:comment
  • From May until September 2009, hearings were held in Phoenix bankruptcy court to determine the fate of the Coyotes and the holding company. Two potential bidders for the team surfaced, Chicago White Sox owner Jerry Reinsdorf and Ice Edge Holdings, Inc. but they did not put in a bid for the team at the bankruptcy hearing. Instead, the NHL put in the only rival bid to Balsillie for the team, while they fought Moyes' plan to sell the team and move it to Hamilton against the NHL rules. Ultimately, the Phoenix court ruled that the team could not be sold to Balsillie, as the judge held that bankruptcy could not be used to subvert the league's rules.
dcterms:subject
dbkwik:icehockey/p...iPageUsesTemplate
abstract
  • From May until September 2009, hearings were held in Phoenix bankruptcy court to determine the fate of the Coyotes and the holding company. Two potential bidders for the team surfaced, Chicago White Sox owner Jerry Reinsdorf and Ice Edge Holdings, Inc. but they did not put in a bid for the team at the bankruptcy hearing. Instead, the NHL put in the only rival bid to Balsillie for the team, while they fought Moyes' plan to sell the team and move it to Hamilton against the NHL rules. Ultimately, the Phoenix court ruled that the team could not be sold to Balsillie, as the judge held that bankruptcy could not be used to subvert the league's rules. The NHL's bid was also insufficient for the bankruptcy judge, but Moyes and the NHL settled with the NHL buying the team and assuming all debts. The NHL negotiated a temporary lease with Jobing.com Arena owner, the City of Glendale, Arizona. The NHL then proceeded to work with the two potential bidders of Reinsdorf and Ice Edge to work out a deal with Glendale. Ice Edge signed a letter of intent to buy the team from the NHL, while Reinsdorf had won the approval of the City of Glendale. As of June 2010, negotiations were not completed between the City of Glendale and Reinsdorf, and Reinsdorf has dropped out of the bidding. Glendale is once again negotiating with Ice Edge. The NHL, which had threatened to move the team to Winnipeg for the 2010–11 season, has agreed to keep the team in Glendale for the season, after Glendale agreed to fund its losses.
Alternative Linked Data Views: ODE     Raw Data in: CXML | CSV | RDF ( N-Triples N3/Turtle JSON XML ) | OData ( Atom JSON ) | Microdata ( JSON HTML) | JSON-LD    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3217, on Linux (x86_64-pc-linux-gnu), Standard Edition
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2012 OpenLink Software