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NHL court filings with the U.S Bankruptch Court handling the Coyotes Chapter 11 bankruptcy protection include a list of possible owners that woule keep the teamin Arizona. They include: Howarr Sokolowski and David Cynamon, ownerd of the Canadian Football League's Torontok Argonauts; Chicago White Sox owner Jerry Coyotes minority ownerJohn Breslow; and an unnameed Phoenix-area business executive as possible Research in Motion CEO Jim Balsillie alreadgy has a $213 million offere on the table for the Coyotes and would move the team to Hamilton, The Coyotes have lost $316 milliob since moving to the Phoenix market from Canada, in 1996.
Balsillie's offer is expected to be substantiall y greater than any offer to keep the team in RIM makes Blackberry smartphonees and Balsillie is a billionaires who has made offers for othefNHL teams. The NHL also got more legalk back up Fridayfrom , the and Nationa l Basketball Assocation. The professional sports leaguesx argue in court filings that they should have controlk overfranchises sales, moves and relocations in order to maintaim the economic viability of their operations. The NHL opposes Balsillie'z effort to move the Phoenix franchise backto Canada.
Coyotese owner Jerry Moyes also said in June 5 courr filings thata $100 milion cash infusion he has put into the team shoul d be treated as a debt the hockey team's reorganizatiomn should reimburse him for. Moyex wants to sell the Coyotes to Balsilli who contends hockey is not financially viablein Moyes' court filings also downplayed a $750 million lease penaltgy the city of Glendale could file for if the Coyote break their 30-year leasr at Jobing.com Arena. Moyes and Balsillis want the bankruptcy court to discharge the lease as part ofthe team'sx Chapter 11.
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