Talks Over Penguins Are at Impasse
PITTSBURGH (AP) _ The warring co-owners of the Pittsburgh Penguins will meet with NHL commissioner Gary Bettman in hopes of re-starting their stalled negotiations.
Co-owner Howard Baldwin told the Pittsburgh Post-Gazette in Friday’s editions that talks were at an impasse.
Baldwin has been trying to sell most of his stake in the financially troubled team to Roger Marino, who joined him as a co-owner in 1997.
Baldwin said several issues remain to be resolved.
``I am very concerned about the well-being of the franchise, and I have a vested interest in it,″ Baldwin said. ``I am not just going to walk away from it until I feel comfortable about the way it’s going to be run.″
The co-owners had been talking about a deal that would leave Baldwin with a minority stake in the team, which has lost $17.5 million during the past two years.
Baldwin would not say what the contentious talking points were or how much he wants for his stake.
Marino did not want to get into the specifics of his discussions with Baldwin.
``Maybe the commissioner will ... use his power to resolve this and we can get things moving in the right direction,″ Baldwin said. ``Or, if we can’t do that, maybe as a last resort, he will appoint someone to run the franchise who will report to me and Roger. I don’t find that to be an unattractive option.″