[News] Pittsburgh Penguins are for sale

[T@T]

Originally Posted by dying4acup

My visa has a 75k limit. Write me in for that amount in the cp bid.

For the record though, I'd rather bid for the coyotes and cash in when they move to Las Vegas. I'd get a return much sooner, be able to pay visa, and finally win in Vegas!

Crazy, I thought I was ######ed having a 30k limit.

[Erick Estrada]

Originally Posted by T@T

Being an NHL owner you need money to burn and money coming in from other sources.

I have a sneaky suspicion Lemieux needs some money!

I doubt that he needs money as his returns on the Penguins as well as his career earnings have made him a rich man. It's likely a scenario of selling high which is a key factor in the rich staying rich.

[transplant99]

Originally Posted by T@T

Being an NHL owner you need money to burn and money coming in from other sources.

I have a sneaky suspicion Lemieux needs some money!

Lemieux needs money like the Oilers need more #1 Draft picks.

The team was originally purchased by him and Burkle
For the equivalent of 107 million dollars. It is now valued by Forbes in excess of 500 million. This, like all aspects of pro sports nowadays, is nothing but a business decision. He us fishing to see what he can get and if the right price is found and potential buyers OK'd by the NHL he will sell. If not, it's business as usual.