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Will Lawsuit Follow

from the Toronto Star,

Whoever winds up owning the Pittsburgh Penguins may inherit an unpleasant chore: defending a multi-million-dollar lawsuit from a disgruntled Canadian billionaire.
Investment bankers who specialize in the sports industry say it’s likely that Jim Balsillie, chief executive of BlackBerry maker Research in Motion, will sue the Penguins to recoup the reported $10 million (all figures U.S.) deposit he gave the team to look at the team’s finances as he considered making an offer to buy the 39-year-old franchise.


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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.

Email Paul anytime at pk@kuklaskorner.com