Monday, July 10, 2006

Number of bidders for Penguins narrows

According to Shelly Anderson of the Pittsburgh Post-Gazette, the number of bidders for the Penguins could narrow to three this week -- or one.
Penguins' sale reaches crucial stage

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.

We saw this happen with the St. Louis Blues. Dave Checketts signed a letter of intent to negotiate exclusively with Paige Laurie's father. The talks broke down and Checketts was out. He was, of course, back in later and eventually purchased the team.

A list of the four, possibly five, bidders for the team is in the article.

One of those five is from Hamilton, Ont and would like to move the team to that Canadian city. Hamilton reported back in NHL hunt

As I have said on this blog before, Jim Basillie CEO of the company that makes Blackberrys, is reportedly the money guy.
However, the Pittsburgh paper was unable to contact Richard Rodier, the Toronto lawyer who says he's working on behalf of a financer interested in bringing a team to Hamilton.

That money man is thought to be Jim Basillie, the co-CEO and chair of Waterloo-based Research and Motion (RIM), the company that makes the BlackBerry communications device.

Remember, only one is interested in POSSIBLY moving the team to KC, Sam and David Fingold. The other groups have no showed no interest in moving the team to KC.


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