Editing Arizona Coyotes (section)

====2009 bankruptcy and attempts to sell the team====
{{Main|Phoenix Coyotes bankruptcy and sale}}
In December 2008, the media became aware the Coyotes were suffering massive losses and that the NHL was paying the team's bills. The media reports were minimized by NHL commissioner [[Gary Bettman]] and vice president Bill Daly. However, Moyes had secretly given operational control of the team to the league. In May 2009, Moyes put the team into bankruptcy hours before Bettman was to present him an offer to sell the team to [[Chicago Bulls]] and [[Chicago White Sox]] owner [[Jerry Reinsdorf]]. Moyes intended to sell the team to [[Canadians|Canadian]] billionaire [[Jim Balsillie]], who in turn intended to purchase the team out of bankruptcy and move it to [[Hamilton, Ontario]]. The NHL responded by stripping Moyes of his remaining ownership authority.

From May until September 2009, hearings were held in Phoenix bankruptcy court to determine the fate of the Coyotes and the holding company. Two potential bidders for the team surfaced, Reinsdorf and Ice Edge Holdings, but they did not submit a bid for the team. Instead, the NHL put in the only rival bid to Balsillie for the team, while it contended the Moyes–Balsillie deal violated NHL rules. The bankruptcy court voided the planned sale to Balsillie, accepting the NHL's argument that bankruptcy could not be used to circumvent NHL rules. The NHL's bid was also declared insufficient, but the judge left the window open to an improved bid. Moyes and the NHL settled, with the NHL purchasing the team and assuming all debts. The NHL negotiated a temporary lease with the City of Glendale, which owns Gila River Arena.

The NHL then negotiated with Reinsdorf and Ice Edge toward a deal with Glendale. Ice Edge signed a letter of intent to purchase the team from the NHL, while Reinsdorf had won the approval of the City of Glendale. On May 7, 2010, ESPN.com reported the Reinsdorf bid had fallen apart and that the City of Glendale was working with Ice Edge to purchase the team in a last-ditch effort to keep them in Arizona. The ''[[National Post]]'' criticized both bids, as they were conditional on municipal taxpayers covering any losses the Coyotes might incur, and suggested that keeping the team in Phoenix was never economically viable.<ref>{{cite web |last1=McDowell |first1=Adam |title=Moving the Phoenix Coyotes to Canada — a timeline |url=https://nationalpost.com/news/moving-phoenix-coyotes-to-canada-a-timeline |website=National Post |access-date=March 23, 2025 |date=May 12, 2010}}</ref>

In July 2010, the Ice Edge bid collapsed because it did not satisfy Glendale's financial conditions. Ice Edge decided to concentrate on an effort to purchase a minor league team. The City of Glendale had to step in and guarantee the team's losses for 2010–11 as a precondition of the NHL not transferring the franchise. A consortium of investors led by Chicago investor Matt Hulsizer then reached a deal to purchase the Coyotes from the NHL along with a lease agreement with Glendale. However, the Hulsizer deal collapsed in late June 2011 at least in part because of a threatened suit by the [[Goldwater Institute]] over the legality of payments that Glendale was to make to Hulsizer before the consortium bought the team. The threat of the suit may have prevented the sale of bonds to finance the payments. The team only stayed in the Phoenix area for the 2011–12 season after another $25 million payment by the City of Glendale.

Also in 2011, former Coyotes bidders [[True North Sports and Entertainment]] purchased the [[Atlanta Thrashers]] and moved them to Winnipeg, thus ending any possibility that the Coyotes would return to Manitoba. As part of the transaction, the NHL agreed to transfer the Jets' name, logos, and related trademarks from the league-owned Coyotes to True North and the Thrashers thus becoming the "new" [[Winnipeg Jets]]. However, the original Jets' history remains with the Coyotes organization.

The [[2012–13 NHL lockout]] provided another opportunity for the Coyotes to find a potential owner and avoid relocation while the NHL suspended team operations during the labor dispute. A deal to former San Jose Sharks owner Greg Jamison had been drafted just as the lockout ended, but failed to be finalized and fulfilled by January 31, 2013. The deal would have kept the Coyotes in Phoenix for the next 20 years relying on a taxpayer subsidy, according to the agreement. It would also have had "Phoenix" dropped from the name and instead used "Arizona".<ref>{{cite web|url=https://www.tsn.ca/nhl/story/?id=397652|title=Prospective Coyotes Owner To Get $15M/Year to Manage Arena|access-date=June 6, 2012|archive-url=https://web.archive.org/web/20120608034919/http://www.tsn.ca/nhl/story/?id=397652|archive-date=June 8, 2012|url-status=dead}}</ref>

California investment executive [[Darin Pastor]] also submitted a bid to purchase the Coyotes. His bid proposed to keep the team in the Glendale area while engaging young hockey players in the region through school partnerships and scholarship efforts.<ref>{{cite web|url=http://www.bizjournals.com/phoenix/news/2013/05/10/darin-pastor-submits-bid-to-nhl-to-buy.html?page=all |title=Darin Pastor submits bid to NHL to buy Phoenix Coyotes – Phoenix Business Journal |work=The Business Journals |date=May 10, 2013 |access-date=June 10, 2014}}</ref> The NHL rejected Pastor's bid on May 13, 2013, citing the bid was "inconsistent with what we had previously indicated were the minimum prerequisites" of a bid.<ref>{{cite web |title=NHL rejects Pastor's bid to purchase Coyotes |url=https://www.foxsports.com/stories/other/nhl-rejects-pastors-bid-to-purchase-coyotes |website=FOX Sports |access-date=November 22, 2023 |date=May 13, 2013}}</ref>