Thread: Pens Tidbits
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Old 09-15-2006, 06:06 PM   #118
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Default Re: Penguins Ownership Update Thread

This is the reason why I take this whole situation with a grain of salt and try not to jump to conclusions....

RIM boss denies he's buying NHL's Penguins
Pittsburgh newspaper says Ballsillie is front-runner to take over


Research In Motion Ltd. co-chief executive officer Jim Balsillie this morning denied a Pittsburgh Post-Gazette article that says he wants to buy the Pittsburgh Penguins hockey team.

The Post-Gazette quoted unnamed sources familiar with the sale process as saying Balsillie is the front runner to buy the team from the current owners, who have been soliciting bids.

The story also says Balsillie tried to buy the team in July for $175 million to $180 million US with the intention of moving them to Hamilton.

Balsillie has long denied any intention to buy the Penguins, and he did so again today when shown the Post-Gazette article.

"No; it's not true," he told The Record at a conference at the Center for International Governance Innovation.

For more than two years, Balsillie has denied rumours and reports that he is seeking to buy an National Hockey League team.

He surmised the rumours arise from his acquaintance with Mario Lemieux, the former Penguins star and co-owner of the team.

Last edited by 83-Steelers-43; 09-15-2006 at 06:09 PM.
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