Penguins purchased by Blackberry co-CEO for $175 million US

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Penguins purchased by Blackberry co-CEO for $175 million US

Post by Tukaram » Thu Oct 05, 2006 12:50 pm

Jim Balsillie, co-chief executive officer of Canada's Research In Motion Ltd. (TSX:RIM), the maker of the BlackBerry, has signed an agreement to buy the Pittsburgh Penguins.

Terms haven't officially been released but Balsillie is believed to be spending US$175-million for the NHL club.

The Canadian executive is expected to meet with the Pittsburgh media Thursday night at Mellon Arena, where the Penguins are scheduled to face the Philadelphia Flyers in their season opener.

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Post by Nanaimo_Nuck » Thu Oct 05, 2006 2:30 pm

Is Mario Lemieux still involved with the team? I think he has an excellent hockey mind and he is building this team with superstars.... think about it...

Mario Lemieux was brought in to a last place team and scored his first goal on his first shot on his first shift

The team eventually built around him and Jagr mostly into a Stanley Cup team

I can see this as a definite possibility with Crosby and Malkin one day. It's the same style... Lemieux is the man, you need a captain to steer the ship

All it takes is making these guys #1 priority and bada bing bada boom the team that loses money starts making money and starts the wheels in motion.

Skys the limit.

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Post by supercanuck » Thu Oct 05, 2006 7:32 pm

And the Pens win one for the new owner. Ruutuu and Crosby with 1 G, 1 A each.

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Post by *CanucksForLife* » Fri Oct 06, 2006 12:14 pm

Does that mean all teh Pens get blakc and gold Blackberry's?
I Hart Luongo.

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