from Rick Westhead of TSN,
A U.S. bankruptcy judge has reiterated that the NHL should not receive the $145 million it demanded from former Phoenix Coyotes owner Jerry Moyes.
Moyes became the controlling owner of the financially troubled team and its new arena in 2006.
Two years later, he told the NHL that he couldn't afford to fund the team's operating losses. The Coyotes' losses have eclipsed $50 million per season. In 2009, the NHL was told that Moyes was discussing a possible sale of the team to Jim Balsillie and that Balsillie planned to relocate the Coyotes to Hamilton.
The NHL demanded that Moyes stop negotiating with Balsillie. Moyes responded by filing for Chapter 11 bankruptcy for the team and its assets, and he executed a sales agreement for the team to Balsillie.
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