A Big Win for Professional Sports Leagues: Bankruptcy Court Defents the NHL’s Right to Choose

Jan 29, 2010

The November 2nd Phoenix Coyotes Bankruptcy Decision And The Interplay Of Bankruptcy And Sports Law David C. Blum and Elizabeth B. Vandesteeg1 The Phoenix Coyotes, a team in the National Hockey League ("NHL"), spent a highly contentious and rocky six months in bankruptcy proceedings before reaching a resolution on November 2, 2009, when it was acquired by the NHL in a 363 Sale. The NHL's bid was significantly lower than that of the other bidder. However, the NHL took theposition, w

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