The Pittsburgh Penguins are up for sale and reportedly have a massive asking price for prospective buyers.
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Report: Penguins Owners Want $750 Million to Sell Team
Wednesday, September 2
TSN's Rick Westhead reports the Penguins may have difficulty finding a suitor to sell to for $750 million due to the uncertainty over the Canadian dollar.
Westhead spoke to a league executive who estimates one-third of the NHL's revenue on tickets comes from Canadian teams. Even though Pittsburgh is in the United States, a banker explained to Westhead why Canada's currency bears relevance to the impending Penguins sale:
I know some NHL teams are nervous.