Monday, July 13, 2009


After remaining in the shadows for months, Wayne Gretzky has emerged and is looking to protect his interests in the Phoenix Coyotes.


According to a report in the Toronto Star, "The Great One" has launched legal action in the Coyotes bankruptcy case to keep his personal finances private.

In court documents filed in anticipation of Monday's court hearing, the city of Glendale, Arizona has asked a bankruptcy court judge to look over Gretzky's income tax statements.

While playing the role of head coach and minority owner, the NHL's all-time leading scorer is also listed as a creditor who is owed $9.3 million.

The city is looking to strike Gretzky as a creditor and states that he is overpaid and that the money owed to him should instead be described as capital in the team.

The objection filed by Gretzky's lawyers reads as follows:

"The city has failed to even come close (in its arguments) to justify the massive privacy intrusion it seeks. The city has utterly failed to make any showing that could conceivably begin to overcome the strong presumption in favour of protecting the privacy of the personal, financial and proprietary information sought."

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