Phoenix bankruptcy/ownership Part XI: A Fistful of Dollars?
View Single Post
08-04-2009, 02:47 AM
Join Date: Feb 2007
Location: Maroons Rd.
How the confidential info became public:
Glendale and the NHL are desperately trying to salvage an offer for the Phoenix Coyotes that was put in jeopardy after confidential Bankruptcy Court files were leaked that showed the bidder wanted guarantees of millions of dollars from the city and an escape clause to move the team...
The confidential information was posted publicly through the court's Web site by attorneys for current Coyotes owner Jerry Moyes...
Almost immediately, Reinsdorf's attorneys expressed "complete disbelief that such confidential information was released" and "threatened to walk away from the bidding process"...
A spokesman for Moyes, Steve Roman, told The Republic on Monday that the leak was "completely inadvertent and accidental."
"There was no funny business," he said.
Moyes' attorneys had indicated to Glendale before filing that they planned to submit the documents to the judge under seal.
View Public Profile
Find More Posts by MAROONSRoad