Could Moyes remain in control of the Coyotes?
As a sports business reporter, and Journalist in general, following the saga of the Phoenix Coyotes has been a truly great story. I have been following this story for well over a year now, and I am a little embarrassed that I never considered the idea of Coyotes owner Jerry Moyes could remain in control of his team, and lead them out of bankruptcy. While this is probably a stretch at this point the Judge over seeing the bankruptcy proceedings raised that idea yesterday.
Before we get to all that we must remember that Moyes is probably the worst owner in the NHL. Since buying the Coyotes they have lost 200 million dollars, and not produced any on the ice success. He is in fact the reason why the Coyotes are bankrupt in the first place. On top of that after getting the NHL to help him make his payroll, Moyes tried to cut an underhanded deal and sell the team outright to Jim Balsillie. Having Moyes remain in control of this franchise is truly the worst case scenario.
There is a very real chance that this Judge could disallow both Balsillie and the NHL’s bid for control of the Coyotes. That would leave Moyes in control of a franchise that has so many issues, the least of which seems to be the approaching NHL season.