Canadian businessman agrees to buy Penguins
PITTSBURGH -- The Pittsburgh Penguins are getting a new owner, and he arrived on the day a new season started. That soon-to-be owner, Canadian businessman Jim Balsillie, said it's obvious what has to follow: a new arena.
Balsillie, whose company makes the BlackBerry wireless messaging device, signed an agreement Thursday to buy the Penguins from Hall of Famer Mario Lemieux's group for approximately $175 million.
The deal, which must be approved by the NHL, was completed ...
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