Sunday, February 26, 2012

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

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U.S. Bankruptcy Court Judge Redfield T. Baum, however, shot down an effor t by Moyes’ legal team to deposre Reinsdorf. The Bettman and Daly deposition will occur laterthis month. Phoenix attorney and lobbyist John Kaitesd and former Los Angeles Angels and Montreal Expos President Tony Tavares put forwarda $148 million offee to refinance and rework the Coyotes debt — a deal that callz for keeping the team in Glendale. That rivalx a $213 million, cash offer from Researc in Motion CEOJim Balsillie, who wants to move the team to Ontario.
Moyes’ attorneys had sought more information from Reinsdorf and the NHL regardingthe bid’ s specifics, including how much cash, if any, is involved. A federalk bankruptcy official administering the Phoenid Coyotes Chapter 11 reorganization also wants more informatiojnregarding Reinsdorf’s bid. U.S. Trustee attorneys Ilene Lashinsky and Larryg Watson are among those seeking more details on the Reinsdorf bid submitte dlast month. U.S.
Trustee is a federal entity that administers bankruptcy cases and sometimes puts fort its opinion in material There are also effortas by Moyesand Balsillie’s attorneys to see what happenede to the three other possible 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 Coyotesa coachand part-owner Wayne Gretzky’es tax records and finances disclosed. Gretzky’s attorneys are fighting that The Coyotes coachmakes $8 million according to bankruptcy court documents. He would get a $22 millionn pay-out if the team moves to Canada and he stepse down as part ownerand coach.

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