UPDATE: The situation with the Phoenix Coyotes has gotten more complex. After the club announced late Tues. evening that they had filed for Chapter 11 bankruptcy, the NHL has jumped into the fray, making it clear that they see the manner in which the club is proceeding as unacceptable. 

National Hockey League Deputy Commissioner Bill Daly issued the following statement regarding the Phoenix Coyotes:
 
"We have just become aware of today's Bankruptcy Court filing purportedly made on behalf of the Phoenix Coyotes. We are investigating the circumstances surrounding the petition, including the propriety of its filing. We have removed Jerry Moyes from all positions of authority to act for or on behalf of the Club. The League will appear and proceed before the Bankruptcy Court in the best interests of all of the Club's constituencies, including its fans in Arizona and the League's 29 other Member Clubs."

Source: National Hockey League

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