The owners of the Pittsburgh Penguins are asking $750 million (U.S.) for the team, but face long odds of finding a buyer who’s willing to pay that much because of the flagging North American economy and uncertainty over the future of the Canadian dollar, sports investment bankers say.
"We conduct periodic reviews of our business and, because we have received several inquiries about the franchise in recent years, we decided to engage Morgan Stanley for their insight and counsel," Lemieux and Burkle said in a joint statement at the time. "After buying the team out of bankruptcy, ensuring its long-term future in Pittsburgh and creating a strong foundation for continued success, we believe it is time to explore our options."
Further prove that Super Mario is a really smart guy, the Pens value is at an all-time high and their cup window is 2 years maybe 3 at best. Unless the Pens are getting another Superstar I don't see them being worth the same amount of money again.
Although I doubt someone will pay that much for a non original six franchise which has a fragile fan support. I am sure the new arena is worth a lot but even then the asking price is too high..If the Penguins are worth so much the Wings should be worth at least a 1 billion.
None the less an interesting story but man thinking about the Pens without Super Mario is strange this guy basically is their franchise. And since it all starts at the top I can't believe some Penguins fans would welcome such a change