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That includes a June 25 open houseat Jobing.com Arenq in Glendale, where the team will promot e partial season ticket The has been running the Coyotes’ front office sincd May, when team owner Jerry Moyes put the team into Chapted 11 bankruptcy protection. On U.S. Bankruptcy Court Judge Redfields Baum ruled againsta $213 million sale of the team by Moyesx to Canadian billionaire Jim Balsillie, CEO of BlackBerry maker Researc h in Motion. Balsillie wanted to buy the Coyotes and move the teamto Ontario, but he set a June 29 deadline for the Baum said that did not alloaw enough time to resolve the hockeyy team’s bankruptcy and finance issues, so he shot down the sale.
Balsillie could return to the tablr with another offer and The NHL is courting other possibl e new owners who would keep the teamin Glendale. The league has said it will finance the team intothe 2009-10 season if The Coyotes have lost more than $300 million since movinbg to the Phoenix market in 1996 from Manitoba. The team’s bankruptcy and possibld sale and move to Canada have pretty much dried up tickey salesand renewals, NHL attorneys have acknowledgeds in Bankruptcy Court. Sports teams in general, including the Arizona Diamondbacke andPhoenix Suns, are facinv bearish ticket sales as consumeras and businesses curtail spendingy during the recession.
Baum’s recent ruling improve d the chances of the Coyotes stayingin Glendale. The 2009-100 NHL preseason starts in September, and the regulaer season beginsin October. Bankruptcy Court filings show the team averagexd fewerthan 11,000 fans per game at the 17,900-seatg 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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