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Balsillie Buys Pens

from Sportsnet:
The Pittsburgh Penguins have been sold, Sportsnet has learned. It is believed the team was bought by Jim Balsillie, owner of Research In Motion (RIM), the Waterloo, Ont.-based company that manufactures Blackberry devices, for a price of $175 million, according to KDKA in Pittsburgh. Balsillie had wanted to move the team to Hamilton at one point but more recently indicated he will keep the team in Pittsburgh.
continued added 8:04pm, from the Globe and Mail,
A spokesperson for Mr. Balsillie declined comment last night. However, a source said Mr. Balsillie is expected to be in Pittsburgh Thursday night for the team's opening game against the Philadelphia Flyers. While a deal is expected to be announced shortly before the game, other sources cautioned that last minute details still needed to be worked out and that the agreement could fall apart.

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

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