Friday, December 15, 2006

Penguins Sale Falls Apart

Jim Balsillie has pulled his bid to purchase the Pittsburgh Penguins. Apparently, at the last minute the NHL gave him a few extra terms to the deal, including a clause that would make him keep the Pens in Pittsburgh, no matter what. Also, there was a part of the deal that would give the NHL control of the team if things did not work out. Balsillie and the NHL are no longer speaking, and things don't look good for the sale of the Penguins. More if and when it breaks