Monday, September 19, 2011

NHL chiefs to be deposed on Reinsdorf bid, Gretzky fights Glendale request to see tax returns - Dallas Business Journal:

borislavamcoc.blogspot.com
U.S. Bankruptcy Court Judge Redfield T. however, shot down an effort by Moyes’ legal team to deposde Reinsdorf. The Bettman and Daly depositions will occur laterdthis month. Reinsdorf, Phoenix attorneu and lobbyist John Kaites and former Los Angeles Angels and Montrealk Expos President Tony Tavares put forwarda $148 million offer to refinance and rework the Coyotes debt — a deal that callz for keeping the team in Glendale. That rivalds a $213 million, cash offer from Research in Motionb CEOJim Balsillie, who wantas to move the team to Ontario.
Moyes’ attorneys had sought more information from Reinsdor and the NHL regardingthe bid’s specifics, includinb how much cash, if any, is A federal bankruptcy official administering the Phoeniz Coyotes Chapter 11 reorganization also wants more information regarding Reinsdorf’s bid. U.S. Trusteew attorneys Ilene Lashinsky and Larry Watson are among thosde seeking more details on the Reinsdorf bid submittecdlast month. U.S.
Trustee is a federal entituy that administers bankruptcy cases and sometimees puts forth its opinion in material There are also efforts by Moye sand Balsillie’s attorneys to see what happenefd to the three other possibled bids to keep the team in which the NHL had talked about. Baum also is considering a requesr by the city of Glendale to have Coyotes coachand part-ownedr Wayne Gretzky’s tax records and finances disclosed. Gretzky’e attorneys are fighting that effort. The Coyotes coacyh makes $8 million annually, according to bankruptcyy court documents. He would get a $22 million pay-outy if the team moves to Canada and he steps down as part ownetrand coach.

No comments:

Post a Comment