Friday, May 29, 2009

City of Glendale gets a crack at the Coyotes

More news about the bankruptcy hearing involving Jerry Moyes, the Coyotes and the City of Glendale. It looks like Glendale will get the chance to have it's voice heard. On June 9, representatives from Glendale will be able to argue in court their reasons for why the Coyotes should remain in town. Current owner Jerry Moyes is still pushing for bankruptcy as a way to break his current leasing contract with the City to avoid paying $700 million in penalty fees.

The City of Glendale has not been included in the creditors' committee, a collection of five entities due money from the Coyotes, limiting the city's influence on team bankruptcy issues. While some may say that this hinders Glendale in really being taken seriously by the court, City spokeswoman Julie Frisoni said the setbacks are part of the proceedings and overall, she is pleased with the outcome and the court's decision to listen, if even briefly to Glendale's position.

Here's hoping that Glendale can pull off a miracle and save our team!

No comments:

Post a Comment