Monday, December 18, 2006

Penguins Sale Thoughts/Observations

1) Many in the hockey world were shocked that Jim Balsillie decided to suddenly back out of a deal to buy the Penguins. The official story out of the league is that Balsillie balked at the NHL's insistence in keeping the Pens in Pittsburgh. Regular readers to this blog of course were not shocked to find out that it was Balsillie's intention all along to move the team to Southern Ontario
2) At the time the NHL was also on board with that scenario. However since that time many powerful figures, including the owners of the Maple Leafs and Flyers have gone to Gary Bettman and pleaded that he not push for the Penguins to move. The Leafs for obvious reasons. They didn't want to lose their virtual monopoly of NHL hockey in the southern part of Ontario. The Flyers for also for selfish reasons, as they felt losing their cross state rival might also hurt.
3) Several other owners also approached Bettman as well. Voicing their opposition more for personal reasons. Apparently Jim Balsillie isn't a well liked individual among the wealthy in North America. As one prominent team President mentioned to FAUXRUMORS last Friday, "Jim Balsillie's an asshole who thinks his shit doesn't stink". They didn't want his bully tactics to be a part of their very small/exclusive fraternity.
4) Where does this leave the Penguins? Well, for fans of the team its actually great news! The chances of the team staying in Pittsburgh past next season jumped from 25% or less to almost 75%. It appears that the interested parties involved now are so wealthy that they themselves could build their own arena even without much in the way of tax dollars or the need for a casino.
5) The approval for the 'Isle of Capri' deal will be announced next week. Its any one's guess how the state will rule. One law maker told FAUXRUMORS not to be surprised to see that deal be denied now that others have expressed a willingness to pony up the dough on their own without the negative image of a casino paying for one.
Stay tuned as this situation is still fluid enough that anything is possible, but something firm about the future of the Penguins WILL be known before this current season concludes!
Here's hoping that the Penguins stay in Steel town!

7 comments:

Police Squad said...

Congrats FAUXRUMORS on your nomination on The Interactive Media Awards for "Best New Hockey Blog."
Just wanted to tell you good luck we're all counting on you!

faux rumors said...
This comment has been removed by the author.
faux rumors said...

1) Thanks Frank! We had another poster, we believe it was Trotz19 mention that a couple of weeks ago.
2) Its definitely NOT about winning, but recognition among one's peers for all the hard work we've done to get this blog to where it is today! the fastest growing new hockey blog on the net*

Source: Statistics Solutions Inc.

2:08 PM

Antzmarching said...

OK, let's break this down point by point...

1. Pittsburgh is a really decent market, with a tremendously loyal fan base... Remember, each time Pens fans go to a game in that arena, they are putting their lives on the line... Balsillie may have realized this and decided to try to make it work in Steeltown...

2. In my estimation, it is obvious that the LeaVES do not want a franchise in Hamilton... You nailed that one, Faux...

3. You seem to be giving Mr. Bettman quite a bit of credit here for this NON-move... That's not like you Faux... As we loyal readers have come to expect, you do not have a fondness for Good ol' Gary...

4. The Pens fans deserve a team... Especially one with such a tremendous upside in the future... The present doesn't look so bad either... Its not exactly torture watching Crosby and Malkin operate on a nightly basis...

5. We will stay tuned... Thanks Faux

fauxrumors said...
This comment has been removed by the author.
fauxrumors said...
This comment has been removed by a blog administrator.
faux rumors said...

1) Remember folks, No Spam!!
2) Antz, yes you are correct, we here at FAUXRUMORS have NO fondness for the little Napoleon named Gary Bettman. But we will give him credit when its deserved. In the case of the penguins, he was persuaded by several owners to NOT push for a move to Ontario
3) Whether that is enough remains to e seen, but from what we've been told, things are looking much better for a continuation of Penguins hockey in Pittsburgh
4) Also a note of thanks for all of you who have written us to let us know that you have voted for us on the Blog awards. As we said yesterday. Its more about the recognition with the nomination than the possibility of winning. We're up against some stiff competition. Thanks again folks. You're the best!!