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Pens Re-Open Sale To Bidders

from the Pittsburgh Post-Gazette:
With Sam Fingold still trying to iron out details to reach a purchase agreement, the Penguins have contacted at least two other original bidders for the team, sources close to the sale process said yesterday. The team also has changed its approach about slots money for a new arena, telling the bidders they should base their offers on the "Plan B" funding, rather than counting on getting $290 million from Isle of Capri should that gaming company get the city's slots casino license. Jim Renacci, a Ringgold High School graduate and now Ohio mayor and businessman, and New York businessman Andrew Murstein, whose investment group includes Western Pennsylvania sports figures Mark Cuban and Dan Marino, apparently are back in the running to buy the Penguins.

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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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