sports: May 2009 Archives

Phoenix Coyotes file for bankruptcy

| | Comments (0) | TrackBacks (0)

Here's a twist: the ownership group of the Phoenix Coyotes of the National Hockey League filed for bankruptcy as the first step in a potential sale of the organization. The Coyotes claim to have lost money every year since arriving in Phoenix in 2001.

The team hopes to be purchased by the CEO of Research in Motion, makers of the BlackBerry, who will probably try to relocate the Coyotes to Canada. The NHL, meanwhile, was taken by surprise, and is "investigating the propriety of the bankruptcy filing" and the terms of the sale.

Categories:

Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

About this Archive

This page is a archive of entries in the sports category from May 2009.

sports: April 2009 is the previous archive.

sports: June 2009 is the next archive.

Find recent content on the main index or look in the archives to find all content.