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| 3rd November, 2009 - 3:55 pm |  AP - Final papers have been signed closing the sale of the bankrupt Phoenix Coyotes to the NHL, according to an Associated Press report.
Notification of the closure was filed Tuesday in U.S. Bankruptcy Court.
Attorneys signed final papers on Monday and $13.3 million was transferred into an account that will hold the money until dispersal is determined.
In all, the NHL paid about $140 million for the team. [READ] |
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