Penguins sale to Canadian businessman imminent
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Jim Balsillie, the Canadian businessman who last month emerged as the front-runner to buy the Penguins, could be announced as the team's new owner as early as tomorrow.
Negotiations between Balsillie and the NHL team apparently have progressed to the point where a deal was close today, several sources close to the process said. The announcement would coincide with the Penguins' season opener tomorrow night at Mellon Arena against the Philadelphia Flyers.
Balsillie is chairman and co-CEO of Research in Motion, the company based in Waterloo, Ontario, that makes the BlackBerry.
More details in tomorrow's Pittsburgh Post-Gazette.
First Published October 4, 2006 12:00 am