The Coyotes will be based in Glendale for the entire 2009-10 NHL season regardless of who is awarded the franchise by a U.S. Bankruptcy Court, presumably within the next few days.
The NHL and Canadian businessman Jim Balsillie are the two auction bidders for the team. The NHL wants to keep the team in Arizona. Balsillie wants to eventually move the team to Hamilton, Ontario.
At an emergency bankruptcy hearing in downtown Phoenix on Wednesday morning, Balsillie pledged to keep the team based in Glendale this season if he wins the auction.
“We now are not seeking to move the team this year,” a lawyer for Balsillie told U.S. Bankruptcy Judge Redfield T. Baum, according to multiple reports from inside the courtroom. “We will wait and see if there is going to be a Glendale buyer by the end of December. If not, we would move the team thereafter.”
Baum said he would make a ruling on the bids "sooner or later."