July 30, 2014
PHOENIX (AP) - A bankruptcy judge has ordered the NHL and Phoenix Coyotes owner Jerry Moyes to mediation in an attempt to resolve their fight over who is in control of a franchise that both sides agree is insolvent.
Judge Redfield Baum made the ruling after hearing arguments from
attorneys on both sides in U.S. bankruptcy court Tuesday over the NHL's contention that Moyes had no authority to file Chapter 11 bankruptcy earlier this month.
The league and Moyes are to report their progress at a status hearing May 27. Meanwhile, Baum said to relocate the team anywhere must be decided before the franchise is sold.
Moyes' plan would sell the team to Canadian businessman Jim Balsillie for $212.5 million contingent on moving the club to southern Ontario.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.