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Pittsburgh Penguins owners looking to sell franchise for $750 million
Sat, 05 Sep 2015 13:41:02 +0000
Pittsburgh, PA, United States (4E Sports) - The Pittsburgh Penguins are for sale with owners Mario Lemieux and Ron Burkle looking for $750 million for the purchase of the franchise.
Development rights for the site around the Civic Arena will also come with the sale.
If the Penguins will be purchased for the amount Lemieux and Burkle want, it will be a new record for the sale of an NHL franchise.
The current record is being held by the New Jersey Devils who were bought by Josh Harris in 2013 for $320 million.
Lemieux and Burkle hired Morgan Stanley to help them with their options in selling the Penguins.