NHL Helps Financially Troubled Phoenix Coyotes

Daniel ArouchianSenior Analyst IFebruary 5, 2009

We know the Phoenix Coyotes are in financial problem, but NHL commissioner Gary Bettman says that the league is trying to help the team.

Losing more than $30 million per year, Coyotes' owner Jerry Moyes is looking for a buyer.

"There's been a tremendous amount of speculation and commentary about the state of the Coyotes and most of it has been terribly unfair to the Coyotes, to the players and to the fans," Bettman said. "Obviously, there are issues we're working on—getting some capital infusion for the club…possibly some new partners for Jerry Moyes, or even a possible sale."

He also mentioned that the NHL "has a good track record" to get teams financially healthy.

Mr. Bettman where were you when Winnipeg and Quebec both lost their teams? Oh yes it's true, no help for Canadian teams!

"All of this blanket characterization of 'hockey doesn't work in the Sun Belt' is just hogwash. I think the Coyotes have a bright future on the ice."

What world does this guy live in?