Phoenix Coyotes bankruptcy and sale

Gila River Arena, formerly known as Jobing.com Arena, former home of the Coyotes. The lease agreement of the Arena was cited as one reason for the bankruptcy of the franchise.

The Phoenix Coyotes, a professional ice hockey team of the National Hockey League (NHL), and known as the Arizona Coyotes from 2014 until suspending operations in 2024, filed for bankruptcy in 2009 after incurring several hundred million dollars of losses since their move to Phoenix, Arizona from Winnipeg, Manitoba, where they were known as the Winnipeg Jets. A bankruptcy court rejected a plan to sell the team and move it to Canada, and the team was purchased by the NHL. The NHL operated the team in Phoenix for four seasons while seeking a new owner. After several prospective purchases fell through, the team was finally sold in the summer of 2013.


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