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Attorneys for Moyes are askingvthe U.S. Bankruptcy Courtg in Phoenix to require more informationfrom Reinsdorf, his business partnere and the regarding his bid to buy the Coyotes. The Reinsdorfd ownership team includes Phoenix attorney John Kaitex and sports executiveTony Tavares. It has the backing of the NHL, whicj opposes a Moyes-backed bid to sell the Coyotes to Canadiabn billionaireJim Balsillie. Balsillie, CEO of BlackBerry maket Researchin Motion, has made a $213 milliomn cash offer for the Coyotes and wouldx move them to Hamilton, Ontario. Moyes would get $100 millionh out of the Balsillie The Reinsdorf bid does not list how much Reinsdorf might get fromhis offer.
It focuses largely on refinancing and reworkinv thehockey team’s Reinsdorf owns the Chicago Bulls and Chicago White Sox, and it appears his bid involve little or no cash. Moyesw wants U.S. Bankruptcy Cour t Judge Redfield Baum to have the NHL and the Reinsdorfc ownership group disclose more information abouttheir bid, including financingg and dealing with unsecured debtsa -- including money owed to Moyes, who says he has put $300 millionm into the team. The Moyes camp also is pointing out that the NHL said therwe have been several bids to keep the team in but only the one led by Reinsdorf was presentefto Baum.
Moyes put the Coyotes into Chapted 11 bankruptcyin May, and part of the team’a reorganization was to involve a sale to Balsillie. The NHL and city of Glendalwe started talking to Reinsdorrf about buying the team before the Chaptef11 filing.
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