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Article: A.M. Briefing; NHL: Phoenix Coyotes owner agrees to sell franchise to league ; Media: ESPN suspends Griese because of offensive remark.(Sports)
- Article from:
- The Seattle Times (Seattle, WA)
- Article date:
- October 27, 2009
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Byline: Seattle Times news services
NHL
Agreement to sell bankrupt franchise must be approved by judge: Phoenix Coyotes owner Jerry Moyes has agreed to sell the bankrupt franchise to the league.
The agreement, which needs be approved by Judge Redfield T. Baum, was announced in U.S. Bankruptcy Court on Monday after attorneys met for more than an hour during a recess in a status hearing on the case.
Ex-Coyotes coach Wayne Gretzky, a Hall of Fame player who has a $22.5 million claim in the case, reportedly has not agreed to the deal.
Moyes' attorney said the decision to make a deal came largely because the costs of running the ...