from the Arizona Republic,

The Phoenix Coyotes are seeing red this season. Lots of it.
CEO Jeff Shumway said Friday that the hockey franchise is expected to hemorrhage about $30 million this year, compounding severe financial losses the team has suffered in recent years.
But Shumway added that team owner Jerry Moyes knew the organization was in dire fiscal straits when he took majority control of it a year ago. And Moyes has remained committed to seeing the Coyotes succeed both on and off the ice.

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