Judge Approves Coyotes Sale to NHL

Kate Yule
Monday, November 2, 2009

After months of discussions and court hearings, the Phoenix Coyotes have finally been sold to the National Hockey League.

An American bankruptcy judge has agreed to sign the sale order, after some minor modifications were made.

The changes don’t affect the US$140 million cost to buy the team from current owner Jerry Moyes.

The only party who didn’t join in the deal is ex-coach Wayne Gretzky. Gretzky, who owned a small part of the team, has not filed a formal objection with the court.