The NHL has submitted a bid in Bankruptcy Court to buy the Phoenix Coyotes and keep them in the desert of Arizona on Tuesday.
The deputy commissioner Bill Daly, the NHL said in a statement that the league had made the decision `to maximize the amount to be offered for license by a potential buyer who wishes to preserve acceptable Coyotes in Glendale.”
Because of this decision by the NHL, the group headed by Jerry Reinsdorf ended Tuesday in its attempt to acquire the Coyotes.
Gary Bettman
Group Reinsdorf said he unable to meet the Tuesday deadline imposed by the court to submit a firm offer.
In a statement, the group claims to be dealing with a reluctant seller “ and `a concerted publicity effort to provide negative information and misleading to stakeholders.`
Group Reinsdorf added he was unable to reach an agreement with the City of Glendale for a lease acceptable to the team evolves Jobing.com Arena.
Earlier Tuesday, the deputy commissioner Bill Daly said the NHL had said in a statement that the league had decided to submit bids to bankruptcy court to buy the club `to maximize the amount to be offered for concession by a potential buyer who wishes to preserve acceptable Coyotes in Glendale. ”
The statement did not specify the amount that was offered by the NHL for the purchase of training, which will be auctioned September 10.
Daly said that while the proposal from the NHL was chosen, the Coyotes would then be sold to third which was not involved in the bankruptcy case of the team.
“We support efforts to buy and keep the Coyotes in Glendale. We will continue to do everything to help these groups, “said Bill Daly of the NHL.
“We believe that this team was necessary for the Coyotes still have considerable value for the benefit of creditors and the community of Glendale,” said Daly.
