Phoenix Coyotes owner Jerry Moyes has challenged Jerry Reinsdorf's bid to buy the financially troubled NHL hockey Bet team.
In a motion filed in bankruptcy court on Thursday, Moyes' attorney said that Reinsdorf's bid "cannot be approved as a matter of law" and that "there are no qualified bidders" based on terms set by the court.
The motion did not elaborate but says that Moyes' objection will be laid out in court documents on Friday, the deadline for filing objections to Reinsdorf's bid.
By disputing the legality of Reinsdorf's offer, Moyes is setting the stage for a battle pitting him and unsecured creditors against the NHL Hockey Bet and the city of Glendale.
Later Thursday, attorneys for Glendale and the NHL asked the court to postpone next Wednesday's local bid auction, saying Reinsdorf and another potential bidder, Ice Edge Holdings of Canada, needed more time.
The league said in its filing Thursday that it understood that Ice Edge would make a bid on Friday.
For more check out NHL Hockey Bet at SPORTSBETTING.COM.
Friday, July 31, 2009
NHL Hockey Bet-No 'qualified' bids for Coyotes
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