Found October 27, 2009 on Biz of Hockey: Yardbarker Blogger Network
Jerry Moyes, who filed for Chapter 11 bankruptcy protection for the Phoenix Coyotes in early May, has agreed to sell the club to the NHL. The deal still has to be approved by Judge Redfield T. Baum, who is overseeing the bankruptcy procedure. The deal was reached in Baum’s courtroom as a hearing was taking place, updating the court on the on-going process of selling the club to pay secured creditors. Last month, Baum rejected both the NHL’s and Blackberry co-CEO Jim Balsillie’s bids. His rul...

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