Friday, December 15, 2006

Breaking News: Balsillie Backs Out

Jim Balsillie (who will forever be known henseforth as RIMjob) has decided to pull out from purchasing the Pittsburgh Penguins after being told that he could not move the franchise.
This week, the NHL Board voted to approve the RIMjob sale on the condition that he keep the Penguins in town – or at least make the best efforts to do so.

But for reasons that are unclear at this point, RIMjob and the league failed to reach an agreement on conditions as the week progressed and today, he told the Pens he was withdrawing his offer to buy the team.
That is WEAK!

I guess this move proves only one thing and perhaps raises more questions. There were rumors going around that RIMjob had been looking at the rules of moving a franchise closely. This sudden move to not purchase the Penguins would seem to confirm that RIMjob's intentions were to wiggle out of the city with legal-ese and lawyer talk to the local Pittsburgh Press.

Mario Lemieux and the Penguins released a statement confirming that RIMjob had sent a letter to cut any and all ties to the purchase of the Penguins franchise. They had also said that they will re-assess their standing once the Gaming Board reached a decision. The team called it quote: “significant uncertainty.”

Another issue that had been thrown around with the kooks in the message board would be that the franchise has cooked it all up in a creative publicity stunt to gain sympathy with the PA State Gaming Board.

NHL Commisioner Gary Bettman has issued this statement lip service.
"Today's development was unfortunate," he said in a statement. "If the Isle of Capri is not granted the licence on Wednesday, then an already difficult and volatile situation will be aggravated.

"It is imperative that the Penguins have a new arena on economic terms that make sense for the franchise for the team to remain in Pittsburgh."

A press conference has been called at the 1st intermission of tonight's game against the Islanders.

You heard it here first.

[Via: KDKA-TV & Rogers Sportsnet]
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