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Balsillie to announce Thursday he is buying Pittsburgh Penguins: source

The Canadian Press
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The Hockey News
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Balsillie to announce Thursday he is buying Pittsburgh Penguins: source

The Canadian Press
By:

A source told CP that Balsillie, 45, is expected to announce the purchase in the next few days because some details still need to be worked out.

Balsillie has reportedly been the front-runner in the bidding for the team for the last few weeks. His name surfaced after a deal involving former Torontonian Sam Fingold fell apart this summer.

Balsillie has previously denied that he was close to buying the team.

Should Balsillie buy the team, he will come into the NHL fold with deep pockets.

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Balsillie to announce Thursday he is buying Pittsburgh Penguins: source