July 31, 2014
PHOENIX (AP) -- The NHL has filed a bid in U.S. Bankruptcy Court to purchase the Phoenix Coyotes and keep the team in Arizona.
Deputy NHL commissioner Bill Daly said in a news release that the league took the action "to maximize the likelihood that the club ultimately will be sold to an acceptable purchaser who is committed to operating the franchise in Glendale."
The news release did not say how much the league was offering to buy the team, which is scheduled to be sold at auction on Sept. 10.
Daly said that if the bid is successful, the league intends to sell the team to a third party outside of the bankruptcy process.
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