The Save The Coyotes Coalition

Greetings Coyotes fans,

I wanted to bring everyone up to date on yesterday’s court proceedings. Monique & I were present for the hearing, as we will be for all future hearings; so that we can keep you all informed of what is happening with our team.

Below is the summary of yesterday’s court appearance from Hip Shot Blog.

The normal glacial pace of legal maneuvers continues. Nothing great happened. The NHL proposed an intermanagement plan in which Sr. Management will remain in place and continue to make day to day decisions regarding team operations BUT both the NHL and Moyes will have point men for when anything needs to be decided outside the normal scope of business. If anything can’t be agreed on by both sides then they will defer to the court. Apparently GMDM will be in charge of the draft and the NHL will remain the DIP provider of funds.

The original schedule called for the ‘relocation issue’ to be started on June 12th, now both sides must file all motions and declarations by June 5th and oral arguments will be heard at 9 am on June 9th… prepare for an all day battle as the NHL, the City of G, Moyes, Balsillie and any other person/group/interested party (NFL, MLB, NBA etc) can speak on their motions.

The judge placed both the NHL and Moyes schedules in play. The Moyes group is going for the quick n dirty so that they don’t lose the bird in hand bidder, Balsillie (with a June 22nd auction date) the NHL is going for the maximum bidder version (September 10th auction date) No matter which version happens the judge set a tentative deadline of June 17th for all bids to be placed (with the caveat that if Bill Gates or someone like that appears on June 22 or Sept 10 with a valid bid, the judge expects full and speedy vetting of that bidder by the NHL). *Judge Baum was very concerned about the shortness of the bidding window but decided to go forward with the scheduling*

Judge Baum also made it clear the scope of the trial would include the Debtor’s ability to prove their case via section 363F and/or 365 *B,C* and the adequate assurance of league performance. The judge also said he would be looking closely at the economic effect on the creditors of the estate.

Several of the former motions were stricken from the proceedings such as the 5M $ overbid requirement (since the judge will be looking for the ‘best’ bid rather than only the largest bid). PSE was also removed from being included in the group that would be reviewing all bids that come in. No break fee will be included to PSE in the case that their bid is not accepted.

So while today wasn’t a raging tear jerking event, it was a step forward through our legal morass. And that my friends is how progress and keeping our team will happen. 1 step at a time.

So hopefully we can all enjoy the Cup excitement for a little while b4 the main event happens on June 9th.

As always…Go Coyotes!

For updates during the next hearing on the 9th you can follow me on Twitter.

Keep sending in your ‘How I Became a Yotes Fan’ stories, they are fantastic!

Keep the faith Coyotes fans, don’t let the negativity get you down. Nobody said being a Coyotes fan was easy… but it most definitely is worth it!

Best wishes,
Heather M.