Mark Cuban & Dan Marino bid for Pens Rejected

July 22, 2006 -- TSN Staff

It appears Mark Cuban and Dan Marino will not be the saviors of hockey in Pittsburgh.

According to the Pittsburgh Tribune Review, the group headed up by New York City financier Andrew Murstein had their bid of more than $170 million US rejected by the Penguins.

"We increased our offer significantly, and it was not accepted," said Murstein, whose group has made it known they would like to keep the team in Pittsburgh. Cuban and Marino are both Pittsburgh-area natives.

Hartford businessman Sam Fingold appears to be the frontrunner with a bid in the neighbourhood of $175 million US. Fingold has discussed the possibility of moving the team to Kansas City.

According to the Pittsburgh Post-Gazette, Fingold could sign a letter of intent within days to negotiate a deal. But Massachusetts developer Larry Gottesdiener, who has talked about moving the team to Hartford, is still in the picture as well.

A group that considered moving the team to Hamilton, Ontario appears to have dropped out of the running.

The Penguins ownership group, including former team captain Mario Lemieux, would like to finalize the sale of the team before the start of the 2006-07 campaign.