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Moyes was 'broke and 'done' in October

Updated: May 14, 2009, 8:26 PM ET
Associated Press

PHOENIX -- Phoenix Coyotes owner Jerry Moyes told NHL officials that he was "broke" and "done" funding the team last October, the league said in a bankruptcy court filing.

One month after that meeting, Moyes told commissioner Gary Bettman and other officials "that he was no longer willing or able to fund the club," according to the filing.

Those admissions, the league argues, triggered an agreement that allowed the NHL to take over the financially troubled hockey club.

"I ...

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