Kukla's Korner

Kukla's Korner Hockey

Pens Sale Getting Close

from the Pittsburgh Post-Gazette,
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.

Filed in: | KK Hockey | Permalink


Be the first to comment.

Add a Comment

Please limit embedded image or media size to 575 pixels wide.

Add your own avatar by joining Kukla's Korner, or logging in and uploading one in your member control panel.

Captchas bug you? Join KK or log in and you won't have to bother.


Notify me of follow-up comments?


Most Recent Blog Posts

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.

Email Paul anytime at pk@kuklaskorner.com