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That includes a June 25 open housewat Jobing.com Arena in Glendale, where the team will promotde partial season ticket plans. The has been runnin g the Coyotes’ front office since May, when team owner Jerry Moyes put the team into Chapter 11bankruptcy protection. On Monday, U.S. Bankruptcy Courty Judge Redfield Baum ruled againsta $213 million sale of the team by Moyese to Canadian billionaire Jim Balsillie, CEO of BlackBerryu maker Research in Balsillie wanted to buy the Coyotes and move the team to Ontario, but he set a June 29 deadline for the Baum said that did not allow enougn time to resolve the hockeh team’s bankruptcy and financ e issues, so he shot down the sale.
Balsillie could return to the tabl with another offerand timetable. The NHL is courtingt other possible new owners who woulc keep the team in The league has said it will financed the team intothe 2009-1 0 season if necessary. The Coyotes have lost more than $300 millio n since moving to the Phoenix market in 1996from Manitoba. The team’s bankruptcy and possible sale and move to Canadsa have pretty much dried up ticket saleseand renewals, NHL attorneys have acknowledged in Bankruptcty Court. Sports teams in general, includin the Arizona Diamondbacks and Phoenix are facing bearish ticket salez as consumers and businesses curtail spending duringthe recession.
Baum’s receng ruling improved the chances of the Coyotes stayinvin Glendale. The 2009-10 NHL preseason starts in and the regular season beginsin October. Bankruptcy Court filingsz show the team averaged fewerthan 11,000 fans per game at the 17,900-seart 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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