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Jim Balsillie, the Canadian businessman who emerged last month as the front-runner to buy the Penguins, is expected to be named as the team's new owner today.
Negotiations between Mr. Balsillie, 45, and the National Hockey League team apparently have progressed in recent days to the point where a deal was close yesterday, several sources close to the process said. Mr. Balsillie is expected to be here for the Penguins' season opener tonight at Mellon Arena against the Philadelphia Flyers and the announcement of the sale would coincide with that.
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Negotiations between Mr. Balsillie, 45, and the National Hockey League team apparently have progressed in recent days to the point where a deal was close yesterday, several sources close to the process said. Mr. Balsillie is expected to be here for the Penguins' season opener tonight at Mellon Arena against the Philadelphia Flyers and the announcement of the sale would coincide with that.
complete article