I have a new post up on SportsJudge Blog about the Phoenix Coyotes bankruptcy case. To refresh, the Coyotes filed for Chapter 11 bankruptcy protection on May 5. A lot of issues have been raised since the filing. That in itself is not surprising, considering that the first few days of a bankruptcy case are usually the most hectic. The interesting parts of the case relate to the NHL's involvement. Some of the issues addressed in the post are:- Why did the Coyotes file?
- Did Jerry Moyes have the right to file?
- Will Jim Balsillie's reorganization plan be approved?
- What happens if Balsillie's plan is not approved?
- Why did the Coyotes bring an antitrust claim in bankruptcy court?
- What happens next.
Update: I have posted a sequel to this post on SportsJudge Blog. I hope you get the chance to check it out.