
The former owner of the Phoenix Coyotes, Jerry Mowes, filled for chapter 11 bankruptcy. What does this mean for the rest of the NHL and for the future of the Coyotes organization.
Right now Gary Bettman is in control of the future of the franchise. Though their is one offer on the table to buy the team for 212.5 million. That offer comes from Jim Balsillie, a billionaire from southern Ontario.
This is a problem for the NHL because he wants to relocate the team to southern Ontario. Which has sent all kind of crazy rumors going through that area. He's idea behind relocating is that they can fill the stands in southern Ontario easier.
Which is a true theory Ontario is hockey crazy. The NHL though isn't thinking of what is going to fill the stands now though. They are looking towards expanding the NHL to more consumers. That's why they went out to California and Arizona for.
What would be a good idea is maybe adding to expansion teams into the mix, or relocating the Coyotes to an area that used to have a team but missing one now. They could move the Coyotes to Winnipeg or Quebec. I think those would be good markets for a NHL team that is coming out of bankruptcy and their is no competing NHL team in the market. Also they could fix Phoenix and keep it their and just add and expansion team to each of those cities that would be a good idea also.
Well in the upcoming months will see how this plays out. The NHL is a business and though Bettman can be blamed for a lot of things, he will fix this problem of the Coyotes bankruptcy. After all he did not relocated Pittsburgh, Ottawa, or Buffalo when they filled for bankruptcy.
By:Shane Murray