Coyotes may get new owner, but team staying put

**doniceage** · 03-27-2009, 10:12 PM

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.

http://www.google.com/hostednews/ap/...vj9SQD976579O0

03-27-2009, 10:12 PM	#1
doniceage <B>Off Site Relations Manager</B> Join Date: Mar 2005 Posts: 29,341 Blog Entries: 9 Trader Rating: (409 ) View my Trade List My Card Inventory Card Cash: 5,638.55	Coyotes may get new owner, but team staying put 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. http://www.google.com/hostednews/ap/...vj9SQD976579O0 __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. Looking for 08/09 BTP points. Have any drop me a pm. Thanks!! Actions are backed up by words, I wish more of us backed them up!!! Want to join the SCF Off Site Team. Drop me a line!!

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