Monday, August 28, 2006

Penguins sale -- It's been 30 days

Sam Fingold signed a letter of intent to buy the Pittsburgh Penguins 30 days ago (actually, I think it was the July 29, but close enough).

Fingold to buy Penguins

His LOI gave him exclusive negotiating rights for 30 days.

Paul McGannon of NHL21 said KC would know more about whether the Penguins will stay in Pittsburgh in 30 days.

The next 30 days will determine if Pittsburgh is able to come up with financial models and scenarios to stay in Pittsburgh," Mr. McGannon told the Star for a story appearing today.


Well, do we know more?

Let's give it a couple of days. Stay tuned.

7 Comments:

At 8:08 AM, Anonymous Anonymous said...

The question is, was it 30 calendar days or 30 business days? If the latter, then the time period is not over yet. However, those of us in Pittsburgh are anxious as well....

 
At 2:38 PM, Anonymous Drew Murphy said...

Rev up the grill, KC...

 
At 7:12 PM, Anonymous Anonymous said...

The word in Pittsburgh is that Finegold doesn't have the cash and is asking for more time.

 
At 8:42 PM, Anonymous Anonymous said...

It appears that Fingold will not be able to close a deal here...

 
At 11:21 PM, Blogger Max said...

I get the feeling Fingold is selling KC and Pittsburgh a bill of goods.

 
At 5:57 AM, Anonymous Anonymous said...

Yes, it appears that Fingold has bitten off more than he can chew. I remember him saying how attractive the franchise was when he called it "portable", but it also appears that the NHL won't allow the team to move. Proving even more so, that this team's proper home is & always will be...Pittsburgh

 
At 7:05 AM, Anonymous UpperDeckJoe said...

The Pittsburg Post/Gazette has an aritcle today (8/30) that indicates there are financing problems.
http://www.post-gazette.com/pg/06242/717429-61.stm

 

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