Phoenix Coyotes bankruptcy and sale
Legal issues of the professional ice hockey team / From Wikipedia, the free encyclopedia
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The Phoenix Coyotes, a professional ice hockey team now known as the Arizona Coyotes of the National Hockey League (NHL), filed for bankruptcy in 2009 after incurring several hundred million dollars of losses since their move to Phoenix, Arizona from Winnipeg, Manitoba, where they were known as the Winnipeg Jets. A bankruptcy court rejected a plan to sell the team and move it to Canada, and the team was purchased by the NHL. The NHL operated the team in Phoenix for four seasons while seeking a new owner. After several prospective purchases fell through, the team was finally sold in the summer of 2013.