Balsillie could face $100 million relocation fee for Phoenix Coyotes - Business First of Louisville:

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That would be on top of his offefof $213 million for the financially troubled hocke y team to Coyotes owner Jerry Moyes. U.S. Bankruptcy Coury Judge Redfield Baum is hearing arguments Tuesdayy on whether the Coyotes can move to Canadza as part of their Chaptet 11bankruptcy reorganization. Baum is not expected to rule on thematterd Tuesday, but focused on rights and some kind of relocation fee to reimbursed the league for its lost expansion team opportunity in Hamiltob should the Coyotes move The $100 million figure was cited in courtt documents.
NHL Commissioner Gary Bettman declinede to comment outside the downtow Phoenix bankruptcy court onthe $100 million or what a relocationb fee might entail. The NHL and other pro sportse leagues are fighting the Coyotes move sayingh it could prompt other teams to file bankruptcy in an attemp t to move toother markets. however, noted that moves by the Baltimore San Diego Clippers and others have not hada long-terk detrimental impact on pro sports.
NHL representatives said Tuesday that the league will continue to fund the Coyotesa through next season ifneed be, and its priority is an ownership group that would keep the team in If that’s not possible, then bidderx looking to move the team coulx be considered, officials said. Balsillie contendzs that NHL hockey is not financially viabls in the Phoenix market and is pushinv for his offer to be approved by the end of The Coyotes have lost morethan $300 million since moving to the Phoenix marke in 1996 from Winnipeg. The courf hearing was slated to continure Tuesday afternoon including arguments against the Coyotes move from the city of whichowns Jobing.
com Arena where the hockey team plays.