Moyes

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Tom Salerno, a bankruptcy attorney representing Moyes and the Coyotezs inthe team’s Chaptetr 11 bankruptcy reorganization, said he and Moyes are open to purchasd offers that would keep the team in Glendale but stresses the need to be realisticv about the viability of hockey in “We welcome any and all offers. It’a about getting the best price you said Salerno, a Phoenix attorney with LLP. The National Hockey League has said it will unveilp an offer by the end of the week that promisess to keep the team in Glendaled where the Coyotes playat Jobing.coj Arena.
Moyes wants to sell the Coyotes to Canadia n billionaire Jim Balsilliefor $213 million — a deal that calls for a move to Ontario. U.S. Bankruptcy Court Judge Redfield T. Baum set an Aug. 5 date for an auctionb to sell the team to an ownedr who could keep the team in Arizona and a backupl dateof Sept. 10 in case that falls Salernosaid Baum’s foremost charge is to find the best deal for the team’w creditors. He notes that the Coyotes have lost morethan $315 millionh since moving to the Phoenix area from Winnipeg in 1996 and couls lose more than $40 million this year.
The NHL has been fundinv the team’s operations since November 2008 and has said it will do so unti l a new owneris found.