Toronto-Based Entrepreneur Considering Penguins Bid
From today's "Sports Business Journal"...
Toronto entrepreneur Dave Fingold and his son, Sam, have “reviewed the Penguins’ financial books and are poised to make a bid to buy” the team, with a plan to move it to K.C. “if an agreement for a new hockey rink in Pittsburgh isn’t completed,” according to Rick Westhead of the TORONTO STAR. Sam Fingold said, “What we would get with the Penguins would be an affordable franchise and a portable one. We think this could be a great investment.” Neither Fingold “would say whether their family has other financial partners,” but Sam Fingold said, “We’d be doing this mostly with family money.” Sam Fingold noted that the Penguins could move to “a more attractive market such as” K.C. if the team’s arena financing partner, Isle of Capri Casinos, does not receive a Pennsylvania slots license (TORONTO STAR, 5/8).
Toronto entrepreneur Dave Fingold and his son, Sam, have “reviewed the Penguins’ financial books and are poised to make a bid to buy” the team, with a plan to move it to K.C. “if an agreement for a new hockey rink in Pittsburgh isn’t completed,” according to Rick Westhead of the TORONTO STAR. Sam Fingold said, “What we would get with the Penguins would be an affordable franchise and a portable one. We think this could be a great investment.” Neither Fingold “would say whether their family has other financial partners,” but Sam Fingold said, “We’d be doing this mostly with family money.” Sam Fingold noted that the Penguins could move to “a more attractive market such as” K.C. if the team’s arena financing partner, Isle of Capri Casinos, does not receive a Pennsylvania slots license (TORONTO STAR, 5/8).
posted by Steve at 3:08 PM
1 Comments:
I have a blog that is following this situation very closely.
The blog follows Kansas City quest to get an NBA or NHL team in our new building, The Sprint Center.
www.kchockeybuzz.blogspot.com.
Just as an aside, I am not in favor of the Penguins moving. I hope IofC gets the license and the Pens stay in Pittsburgh.
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