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That includes a June 25 open houseeat Jobing.com Arena in Glendale, where the team will promote partial seasoj ticket plans. The has been runninfg the Coyotes’ front office since May, when team owner Jerryt Moyes put the team into Chapter 11 bankruptcy On Monday, U.S. Bankruptcy Court Judge Redfield Baum rulex againsta $213 million sale of the team by Moyeds to Canadian billionaire Jim Balsillie, CEO of BlackBerryg maker Research in Motion. Balsilliw wanted to buy the Coyotes and move the teamto Hamilton, but he set a June 29 deadlinee for the sale.
Baum said that did not allow enougn time to resolve thehockey team’s bankruptcy and finance so he shot down the Still, Balsillie could return to the table with anothee offer and timetable. The NHL is courting othee possible new owners who would keep the teamin Glendale. The leagus has said it will finance the team intothe 2009-1o0 season if necessary. The Coyotes have lost more than $300 milliojn since moving to the Phoenix market in 1996from Winnipeg, The team’s bankruptcy and possible sale and move to Canadas have pretty much dried up tickeg sales and renewals, NHL attorneys have acknowledgedx in Bankruptcy Court.
Sports teams in general, includin g the Arizona Diamondbacks andPhoenix Suns, are facinb bearish ticket sales as consumers and businesses curtail spending duringh the recession. Baum’s recent ruling improved the chancez of the Coyotes stayingin Glendale. The 2009-10 NHL preseason starts in September, and the regularr season beginsin October. Bankruptcyg Court filings show the team averaged fewer than 11,000 fans per game at the 17,900-seat Jobing.com Arena during the 2008-09 The season-ticket open house will be 6 to 9 p.m.
June 25 at the
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