NHL May Yet Rue What it Did to Jim Balsillie and Hamilton

Posted: 13th March 2010 by Steve Thompson in NHL
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As NHL Commissioner Gary Bettman leads the NHL into its latest war of revenge against Jerry Moyes for trying to recoup his losses by attempting to sell the Phoenix Coyotes to the outlaw buyer, Jim Balsillie, it is well to remember that his triumph in the courts over the now three time loser didn't change one ugly fact: the Phoenix Coyotes still lose huge sums of money every year. Despite all the economies that the NHL has instituted, the Coyotes are projected to lose $20 million this year, down from the $35 million in Jerry Moyes last term. They also lead the NHL with the worst attendance of under 12,000, despite some fans' claim that attendance is getting better because the team is playing better. How much of that "increased attendance" is due to promotional gimmicks and ticket discounts ...

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