2015
07.14
07.14
possibility of the Pittsburgh Penguins franchise being sold by owners Mario Lemieux and Ron Burkle hasn't been in the news long, but with an offer looming, the Pens could change hands in the near future.
Continue for updates.
Anonymous Bid for Penguins Expected Within Next Week Tuesday, July 14 According to Patty Tascarella of the Pittsburgh Business Times, an unnamed group of investors is expected to submit a bid for the Penguins organization within the next week, and the team could sell for anywhere from $700 million to $850 million.
Lemieux and Burkle bought the team in 1999, saved it from bankruptcy and prevented it from potentially relocating. With the Penguins franchise now stronger than ever, the co-owners decided ...
Read Full Article at Bleacher Report - Pittsburgh Penguins
Continue for updates.
Anonymous Bid for Penguins Expected Within Next Week Tuesday, July 14 According to Patty Tascarella of the Pittsburgh Business Times, an unnamed group of investors is expected to submit a bid for the Penguins organization within the next week, and the team could sell for anywhere from $700 million to $850 million.
Lemieux and Burkle bought the team in 1999, saved it from bankruptcy and prevented it from potentially relocating. With the Penguins franchise now stronger than ever, the co-owners decided ...
Read Full Article at Bleacher Report - Pittsburgh Penguins