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Marino and Mark Cuban looking to join up and but the Pens
Marino, Cuban May Buy NHL's Penguins
June 27, 2006
[Newsday] Pittsburgh natives Mark Cuban and Dan Marino have joined with a New York City financier in trying to buy the NHL's Penguins from Hall of Famer Mario Lemieux's group, which is selling the two-time Stanley Cup champions even as the team seeks a new arena deal.
The group of prospective Penguins owners is headed by Andrew Murstein, the president of Medallion Financial Corp., a company that finances New York City taxicab medallions and originates consumer loans for recreational vehicles. Also included are principals in Pittsburgh-based Walnut Capital, a real estate management and development company.
Walnut Capital CEO Gregg Perelman recently teamed with Cuban to buy a nine-story downtown Pittsburgh office building. Cuban, who grew up in suburban Pittsburgh, is the billionaire Dallas Mavericks owner whose holdings include a movie production firm and high-definition TV channel.
Adding Cuban and Marino is expected to strengthen the group's estimated $150 million bid not only financially but perception-wise. Neither Cuban nor Marino have any interest in moving the Penguins from Pittsburgh -- Cuban has made it a condition of his participation -- even though the team has yet to land a deal to build an arena to replace 45-year-old Mellon Arena.
Murstein was in Dallas on Tuesday, presumably to meet with Cuban about his involvement in the group. In the past, Murstein expressed interest in buying two NHL franchises, the Blues and Ducks, and the Kansas City Wizards of Major League Soccer.
Cuban was interested in buying into Lemieux's group in 1999, but declined to accept a role that would not include input in the team's day-to-day operation. Marino, the former University of Pittsburgh and Miami Dolphins star quarterback, expressed interest in buying into the Pittsburgh Pirates in the mid 1990s but never did so. Cuban also is interested in buying the Pirates at some point, but the current ownership has given no sign of wanting to sell.
Marino, Cuban May Buy NHL's Penguins
June 27, 2006
[Newsday] Pittsburgh natives Mark Cuban and Dan Marino have joined with a New York City financier in trying to buy the NHL's Penguins from Hall of Famer Mario Lemieux's group, which is selling the two-time Stanley Cup champions even as the team seeks a new arena deal. The group of prospective Penguins owners is headed by Andrew Murstein, the president of Medallion Financial Corp., a company that finances New York City taxicab medallions and originates consumer loans for recreational vehicles. Also included are principals in Pittsburgh-based Walnut Capital, a real estate management and development company.
Walnut Capital CEO Gregg Perelman recently teamed with Cuban to buy a nine-story downtown Pittsburgh office building. Cuban, who grew up in suburban Pittsburgh, is the billionaire Dallas Mavericks owner whose holdings include a movie production firm and high-definition TV channel.
Adding Cuban and Marino is expected to strengthen the group's estimated $150 million bid not only financially but perception-wise. Neither Cuban nor Marino have any interest in moving the Penguins from Pittsburgh -- Cuban has made it a condition of his participation -- even though the team has yet to land a deal to build an arena to replace 45-year-old Mellon Arena.
Murstein was in Dallas on Tuesday, presumably to meet with Cuban about his involvement in the group. In the past, Murstein expressed interest in buying two NHL franchises, the Blues and Ducks, and the Kansas City Wizards of Major League Soccer.
Cuban was interested in buying into Lemieux's group in 1999, but declined to accept a role that would not include input in the team's day-to-day operation. Marino, the former University of Pittsburgh and Miami Dolphins star quarterback, expressed interest in buying into the Pittsburgh Pirates in the mid 1990s but never did so. Cuban also is interested in buying the Pirates at some point, but the current ownership has given no sign of wanting to sell.
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