Penguins reportedly reject Cuban-Marino group's bid
ESPN is reporting The Pittsburgh Penguins have rejected a bid to buy the team that was put together by a group including Dallas Mavericks owner Mark Cuban and former NFL quarterback Dan Marino.
New York financier Andrew Murstein, who was backing the bid, says the group increased its offer to more than $170 million Friday, which was as high as the group intended to go.
The Pittsburgh Tribune-Review and the Pittsburgh Post-Gazette, citing sources close to those negotiating the team’s sale, reported the high bidder is Sam Fingold, a Hartford, Conn., real estate developer.
Fingold has ties to Kansas City, which has indicated it wants an NHL team.