Kukla's Korner Hockey
by Paul on 07/11/06 at 08:53 AM ET
By the end of this week or early next week, the number of bidders in the running to buy the Penguins could be reduced to three -- or one. Four known bidders and a possible fifth have submitted offers. Allen and Company, the New York firm brokering the sale of the hockey team, is analyzing and verifying those bids and is expected to pare the number soon. When one offer is chosen, that bidder will sign a letter of intent for the right to negotiate exclusively for a period of time. Although details of the bids remain mostly unclear, the sale price is expected to top $150 million.continued
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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.
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