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Phoenix Coyotes Bankruptcy
The Phoenix Coyotes, a professional ice hockey team now known as the Arizona Coyotes and playing in the National Hockey League (NHL), filed for bankruptcy in 2009 after incurring several hundred million dollars of losses since their move to Phoenix, Arizona from Winnipeg, Manitoba, where they were known as the Winnipeg Jets. Bankruptcy court rejected a plan to sell the team and move it to Canada, and the team was purchased by the NHL. The NHL operated the team in Phoenix for four seasons while seeking a new owner. After several prospective purchases fell through, the team was finally sold in the summer of 2013. Summary In December 2008, the media reported that the Phoenix Coyotes were losing money at a high rate and were being funded by the NHL directly. The media reports were minimized by NHL Commissioner Gary Bettman and Deputy Commissioner Bill Daly, but secretly the NHL had taken over operations of the Coyotes. In May 2009, the owner of the team, Jerry Moyes, put the team int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
San Jose Sharks
The San Jose Sharks are a professional ice hockey team based in San Jose, California. They compete in the National Hockey League (NHL) as a member of the Pacific Division in the Western Conference, and are owned by San Jose Sports & Entertainment Enterprises. Beginning play in the 1991–92 season, the Sharks initially played their home games at the Cow Palace, before moving to their present home, now named SAP Center at San Jose, in 1993; the SAP Center is known locally as "the Shark Tank". The Sharks are affiliated with the San Jose Barracuda of the American Hockey League (AHL) and the Wichita Thunder of the ECHL. The Sharks were founded in 1991 as the first NHL franchise based in the San Francisco Bay Area since the California Golden Seals relocated to Cleveland in 1976. The Sharks have advanced to the Stanley Cup Finals once, losing to the Pittsburgh Penguins in 2016. They have won the Presidents' Trophy once, as the team with the league's best regular season record in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kitchener, Ontario
) , image_flag = Flag of Kitchener, Ontario.svg , image_seal = Seal of Kitchener, Canada.svg , image_shield=Coat of arms of Kitchener, Canada.svg , image_blank_emblem = Logo of Kitchener, Ontario.svg , blank_emblem_type = Logo , blank_emblem_size = 100x90px , image_map = , map_caption = , pushpin_map = Canada#Canada Southern Ontario#CAN ON Waterloo , pushpin_map_caption = , subdivision_type = Countries of the world, Country , subdivision_type1 = Provinces and territories of Canada, Province , subdivision_name = Canada , subdivision_name1 = Ontario , subdivision_type2 = Census divisions of Ontario, Region , subdivision_name2 = Regional Municipality of Waterloo, Waterloo , leader_title = Mayor , leader_name = Berry Vrbanovic , leader_title2 = Governing Body , leader_name2 = Kitchener City Council , established_title = Found ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BlackBerry Limited
BlackBerry Limited is a Canadian software company specializing in cybersecurity. Founded in 1984, it was originally known as Research In Motion (RIM). As RIM, it developed the BlackBerry brand of interactive pagers, smartphones, and tablets. It transitioned to a cybersecurity enterprise software and services company under Chief Executive Officer John S. Chen. Its products are used by various businesses, car manufacturers, and government agencies to prevent hacking and ransomware attacks. They include BlackBerry Cylance's artificial intelligence based cyber-security solutions, the BlackBerry AtHoc emergency communication system (ECS) platform; the QNX real-time operating system; and BlackBerry Enterprise Server (BlackBerry Unified Endpoint Manager), a Unified Endpoint Management (UEM) platform. BlackBerry was founded in 1984 as Research In Motion by Mike Lazaridis and Douglas Fregin. In 1992, Lazaridis hired Jim Balsillie, and Lazaridis and Balsillie served as co-CEOs until ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jerry Bruckheimer
Jerome Leon Bruckheimer (born September 21, 1943) is an American film and television Film producer, producer. He has been active in the genres of Action film, action, Drama film, drama, Fantasy film, fantasy, and Science fiction film, science fiction. His films include ''Flashdance'', ''Top Gun'', ''The Rock (film), The Rock'', ''Crimson Tide (film), Crimson Tide'', ''Con Air'', ''Armageddon (1998 film), Armageddon'', ''Enemy of the State (film), Enemy of the State'', ''Black Hawk Down (film), Black Hawk Down'', ''Pearl Harbor (film), Pearl Harbor'', ''Kangaroo Jack'', and the ''Beverly Hills Cop (franchise), Beverly Hills Cop'', ''Bad Boys (franchise), Bad Boys'', ''Pirates of the Caribbean (film series), Pirates of the Caribbean'', and the ''National Treasure (franchise), National Treasure'' franchises. Many of his films have been co-produced by Paramount Pictures, Paramount and Walt Disney Studios (division), Disney, while many of his television series have been co-produced by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ESPN
ESPN (originally an initialism for Entertainment and Sports Programming Network) is an American international basic cable sports channel owned by ESPN Inc., owned jointly by The Walt Disney Company (80%) and Hearst Communications (20%). The company was founded in 1979 by Bill Rasmussen along with his son Scott Rasmussen and Ed Eagan. ESPN broadcasts primarily from studio facilities located in Bristol, Connecticut. The network also operates offices and auxiliary studios in Miami, New York City, Las Vegas, Seattle, Charlotte, Washington, D.C., and Los Angeles. James Pitaro currently serves as chairman of ESPN, a position he has held since March 5, 2018, following the resignation of John Skipper on December 18, 2017. While ESPN is one of the most successful sports networks, there has been criticism of ESPN. This includes accusations of biased coverage, conflict of interest, and controversies with individual broadcasters and analysts. , ESPN reaches approximately 76 million te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Globe And Mail
''The Globe and Mail'' is a Canadian newspaper printed in five cities in western and central Canada. With a weekly readership of approximately 2 million in 2015, it is Canada's most widely read newspaper on weekdays and Saturdays, although it falls slightly behind the ''Toronto Star'' in overall weekly circulation because the ''Star'' publishes a Sunday edition, whereas the ''Globe'' does not. ''The Globe and Mail'' is regarded by some as Canada's " newspaper of record". ''The Globe and Mail''s predecessors, '' The Globe'' and ''The Mail and Empire'' were both established in the 19th century. The former was established in 1844, while the latter was established in 1895 through a merger of ''The Toronto Mail'' and the ''Toronto Empire''. In 1936, ''The Globe'' and ''The Mail and Empire'' merged to form ''The Globe and Mail''. The newspaper was acquired by FP Publications in 1965, who later sold the paper to the Thomson Corporation in 1980. In 2001, the paper merged with broadcast ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1996–97 NHL Season
The 1996–97 NHL season was the 80th regular season of the National Hockey League. The Stanley Cup winners were the Detroit Red Wings, who swept the Philadelphia Flyers in four games and won the Stanley Cup for the first time in 42 years. The regular season saw a decline in scoring and rise in the number of shutouts to an all-time record of 127. This trend continued into the playoffs, during which an all-time record of 18 shutouts were recorded. Only two players, Mario Lemieux and Teemu Selanne, reached the 100-point plateau during the regular season (compared with 12 who reached the plateau in 1995–96). Many factors, including fewer power plays, more calls of the skate-in-the-crease rule, fewer shots on goal and more injuries to star players than the season before, contributed to the reduction in scoring and skyrocketing in shutouts. This was the first time in 30 years—and in the entire expansion era—that the Boston Bruins had a losing record and missed the playoffs, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manitoba
Manitoba ( ) is a Provinces and territories of Canada, province of Canada at the Centre of Canada, longitudinal centre of the country. It is Canada's Population of Canada by province and territory, fifth-most populous province, with a population of 1,342,153 as of 2021, of widely varied landscape, from arctic tundra and the Hudson Bay coastline in the Northern Region, Manitoba, north to dense Boreal forest of Canada, boreal forest, large freshwater List of lakes of Manitoba, lakes, and prairie grassland in the central and Southern Manitoba, southern regions. Indigenous peoples in Canada, Indigenous peoples have inhabited what is now Manitoba for thousands of years. In the early 17th century, British and French North American fur trade, fur traders began arriving in the area and establishing settlements. The Kingdom of England secured control of the region in 1673 and created a territory named Rupert's Land, which was placed under the administration of the Hudson's Bay Company. Rupe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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