Well I guess the court decided that the NHL and the owners were an exclusive club that can only let in who they want,when they want and for how much.
So the league gets its wish to keep a team losing millions every season in a place that it will continue to lose millions instead of in a city where it would be a instant hit and probably turn a profit in a couple of season.
Bankruptcy judge rejects both bids for Phoenix Coyotes - NHL - SI.com
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