Coyotes to go bankrupt?

The Vancouver Sun is reporting that the Phoenix Coyotes may be the first NHL team to declare bankruptcy.

Although nearing bankruptcy is it noted that the NHL appears to be unconcerned due to the belief that the team as an asset is still worth millions. Some of the problems with moving the present team if they decided to go in that direction is that the Coyotes presently have a 30 lease in their area which is apparently located in an area that is considered to be “remote.”

Read the full article from