On December 23, the Toronto Globe and Mail reported that the Phoenix Coyotes were receiving financial assistance from the league in the form of advances on league revenues. The Coyotes pledged all of their assets to New York company SOF Investments LP to cover an estimated debt of $80 million. The team lost an estimated $200 million since 2001 and lost about $30 million this season. One of the team's owners, Jerry Moyes' principal source of revenue, Swift Transportation was also in financial difficulty. ESPN reported that the league had gotten involved with the operations of the Coyotes and their revenues. The NHL reportedly wanted to work with the city of Glendale, Arizona, which owns the arena and receives revenues from the team. ESPN also reported that Moyes wanted to sell his share of the team and that Hollywood film producer Jerry Bruckheimer was a possible interested purchaser.