Judge Approves Sale of Bankrupt Coyotes
Source: The Associated Press
Posted: 11/02/09 2:29PM
Filed Under: Main
Phoenix Coyotes owner Jerry Moyes leaves U.S. Bankruptcy Court after a hearing. A federal bankruptcy judge has given his approval to the sale of the Phoenix Coyotes to the NHL.
A federal bankruptcy judge has given his approval to the sale of the Phoenix Coyotes to the NHL.
Judge Redfield T. Baum agreed to sign the sale order on Monday after attorneys made minor modifications to the deal.
None of the changes significantly altered the NHL's agreement to pay about $140 million to buy the team from owner Jerry Moyes.
The only party who didn't join in the agreement is former coach Wayne Gretzky, who owned a small portion of the team.
However, Gretzky did not file a formal objection with the court.
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