GLENDALE, Ariz. (AP) — NHL commissioner Gary Bettman says the financially struggling Phoenix Coyotes are actively seeking investors or possibly new ownership, but reiterated that the team won't be relocated.

"Our goal is to bring in new capital and make this franchise solvent," Bettman said Thursday night while attending the Coyotes game against the Edmonton Oilers. "That's our direction, and at this point moving the franchise elsewhere is not on the table."

The Coyotes have reportedly lost $200 million since current owner Jerry Moyes brought the team in 2001, and are projected to lose another $30 million this season.

Bettman said the Coyotes are actively engaging with potential investors, whom he would not identify.

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