Wayne Gretzky announced Thursday he would be stepping down due to the financial turmoil surrounding the team.
As the bankruptcy court battle between Canadian billionaire Jim Balsillie and the NHL over the sale of the financially troubled team continues, Gretzky announced on his web site that he was leaving.
“This was a difficult decision that I’ve thought long and hard about,” Gretzky said. “We all hoped there would be a resolution earlier this month to the Coyotes ownership situation, but the decision is taking longer than expected. ... Read More