from Josh Kosman of the New York Post,
Hockey legend Mario Lemieux is miffed at billionaire investor Ron Burkle for messing up the sale of the Pittsburgh Penguins, The Post has learned.
After six months of trying to sell the team, the two men — both significant minority owners of the NHL team — recently called off the sale, three sources told The Post.
There were reports Lemieux, who owns roughly 40 percent of the team, and Burkle, with a 25 percent stake, initially were looking to get more than $700 million for the Penguins and a development site, a source said.
added 1:57pm, via Jenn Menendez of the Pittsburgh Post-Gazette,
The Penguins this afternoon disputed a report in the New York Post that claimed the sale of the team was called off due to a disagreement between owners Mario Lemieux and Ron Burkle on the price of the team.
The two put the team up for sale last June, and have been seeking a sum widely reported to be as high as $750 million.
The Penguins released a statement a short time ago on the matter that disputes two things: that the sale is off, and that any established price has been set.
“Contrary to a media report regarding the potential sale of the Pittsburgh Penguins, there is no disagreement between us and we remain completely aligned in both approach and philosophy. We continue to explore all of our strategic options, including a possible sale. There is not, and has never been, an established price for the team, and we are still in conversations with potential buyers. It is unfortunate that we even have to respond to a story based on anonymous quotes.”
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