Report: Pens to be sold to Canadian businessman

Updated: October 5, 2006, 1:31 AM ET
ESPN.com news services

The Pittsburgh Penguins have an agreement in place to be sold to a Canadian businessman, according to a report Wednesday from KDKA TV in Pittsburgh.

Jim Balsillie, owner of the BlackBerry manufacturer Research In Motion, has purchased the team for $175 million, according to the report, with an official announcement expected to come Thursday.

When asked by TSN of Canada to comment on the situation, Balsillie would neither confirm nor deny the report, simply saying to the network, "Tomorrow."

The ...

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