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PHOENIX COYOTES OWNER WILL SELL FRANCHISE TO NHL, LAWYER SAYS

October 27, 2009

Oct. 26 (Bloomberg) -- Phoenix Coyotes owner Jerry Moyes will sell the bankrupt team to the National Hockey League for $140 million. Thomas J. Salerno , a lawyer for the team, said terms of the sale were agreed to today and will be submitted to a bankruptcy judge for approval.



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