Class Action Settlement for NHL GameCenter LIVE and NHL Center Ice Purchasers Means Special Benefits Available – Click Here to Find Out More
 
2015 NHL Draft
SHARE
Share with your friends
x
Share with your Friends


Judges approves sale of Phoenix franchise to NHL

Monday, 11.02.2009 / 4:06 PM / News

NHL.com

U.S. Bankruptcy Court Judge Redfield T. Baum approved the sale of the Phoenix Coyotes  Monday, transferring ownership to the NHL. The agreement was reached last Monday during a recess in court proceedings and needed Baum's approval to be final.

NHL Deputy Commissioner Bill Daly released the following statement today regarding the U. S. Bankruptcy Court Order approving the purchase of the Phoenix Coyotes by the NHL:

"We are pleased and very encouraged by today's developments in court. Now that approval of the proposed sale has been entered by the Court, the National Hockey League will work to close the transaction quickly and assume full control of the Coyotes' business operations. The League also will engage immediately in a process to identify -- and expedite sale of the franchise to -- new ownership that is committed to the Club's long-term success in the Phoenix/Glendale area. We do not intend to comment publicly on that process.

"The NHL thanks Coyotes fans for their continued support of the franchise and hopes that today's developments will provide fans further reason to embrace the Coyotes in order to ensure the team's long-term future in Arizona."
Quote of the Day

Hopefully [Jonathan] has a year that pushes us, that is the organization, to speak to him next summer and looking for [a long-term contract]. Because the thought process is trying to get a goaltender, and hopefully it's Jonathan, to be the stabilizer for this franchise.

— Maple Leafs GM Lou Lamoriello on goaltender Jonathan Bernier