Tuesday, August 01, 2006

A new twist -- Penguins to Toronto?

Here's a new twist. A Web site, Howard Bloom's Sports Business News, suggests David and Sam Fingold may move the Penguins to Toronto and not Kansas City.

Of course, the article is wrought with errors and silly consiracy theories.

A so called Plan-B to keep the Penguins in Pittsburgh was floated two weeks ago.

Plan B wasn't floated "two weeks ago". Governor of Philadelphia, err, Pennsylvania Ed Rendell's press conference about Plan B was in March.

It’s been clear from the beginning, the only casino bidding group committed to building a new arena is Isle of Capri.

Um, no. The two other casino bidders, Harrah's/Forest City and Don Barden's NorthStar have agreed to the Plan B funding plan.

Sam Fingold may be based in Hartford, but he grew up in Toronto. His father and brother are based in Toronto. And the fourth member of the group, Michael Cohl, is also based in Toronto. In Cohl, Fingold has a partner who is recognized as one of the world’s leading concert/entertainment promoters. Cohl is currently managing Rolling Stones world tour and is putting together the upcoming Who world tour.

Consider this scenario and the Penguins could be headed for Toronto, not Kansas City if the arena deal falls through in Pittsburgh. Fingold’s group could offer Maple Leaf Sports and Entertainment (MLSE) $100 million in territorial rights to move the franchise into the Air Canada Centre, the current home of the Maple Leafs and the Raptors.

While we're coming up with ridiculous conspiracy theories, how about this one...

Sam Fingold owns Kenyon Investments, a real estate investment firm. Kansas City is building the new Power & Light District to go along with the new Sprint Center. Perhaps the Mayor has offered Fingold some kind of sweetheart financial arrangement that if he brings the Penguins to KC he will also have right of first refusal to develop a portion of the Power & Light District.

Then, Fingold would have a hockey team, a new arena, and 42 dates of foot traffic to his real esate development in downtown KC.

There. Two silly consipracy theories in two silly Internet postings.

Neither have any grain of truth.

Can we just wait to see if Fingold negotiates a lease for the Plan B funded arena...


At 10:36 AM, Blogger ezstreet said...

Why would Fingold spend another $100 Million just to be second fiddle to the Leafs?


The KC possibility is more realistic than that.

At 11:28 AM, Blogger Max said...

Wouldn't a team in Hamilton make infinitely more sense than a second team in Toronto? Or Winnipeg? Or about a half dozen other markets currently without an NHL team?

At 12:41 PM, Anonymous Anonymous said...

actually, the most sense would be to leave the team in Pittsburgh...where it BELONGS...

At 5:49 PM, Anonymous Anonymous said...

They would be stupid to move the team here. This isn't a good enough hockey town to support two teams. As far as hockey goes the Maple Leafs are the begining and end of hockey. A second team would fail here easily. We already have the Jays Raptors, and an MLS team soon. We don't need another hockey team.


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