Kukla's Korner Hockey
by Paul on 12/20/06 at 11:16 AM ET
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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