Fingold to buy Pens for $175M

According to sportsnet.ca Sam Fingold, a Toronto native, and a Hartford, Conn.-based commercial real estate broker, signed a letter of intent Friday to purchase the Pittsburgh Penguins from Hall of Famer Mario Lemieux’s group. The deal is expected to be in the $175 million US range was announced after the 34-year-old Fingold met with Lemieux. Fingold said he might be interested in moving the team to Kansas City and its new arena. But in a statement issued by the team Friday night, he said he now intends to keep them in Pittsburgh as long as a new arena is built there.

Here’s the link:

http://www.sportsnet.ca/hockey/article.jsp?content=20060728_215105_5200


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