What scares me is after it is awarded, if Lemieux still owns the team will he care anymore about keeping them here? He has been screwed over by the politicos of the city and state for so long, what if he becomes a defeatist and says screw it?
Lemieux has stated numerous times for the record that he's a Pittsburgher now, and WILL NOT be the one to move the team. I for one am takinh him at his word. I'm normally cynical, but I really believe Mario on this point. He's a sports legend in this town, and one of the first things out-of-towners say about Mario isn't his stats, it's that he's the one who saved hockey in Pittsburgh TWO TIMES. I doubt that he'd tarnish that for any money. Unlike Ken Lay of Enron and Bernard Ebbers of Worldcomm, I really think that mario is a guy who realizes that the difference between being a 50 millionare and a 150 millionare isn't going to make much difference in his standard of living.
If they intend to hold the sale off until it is awarded, why did they stipulate that the new owner must keep the team in Pittsburgh if IoC gets the license? I figured the point was so that Mario could sell the team as quickly as possible while also retaining the team if IoC is awarded the license.
No, the clause is there to insure that the team stays in Pittsburgh regardless of who owns it, if IoC gets the license. After *any* sale, mario would be out of the picture and forgo any option to jump back in.
While there is always a chance that somebody would purchase the team and pay off Rendell to ensure the license does not go to IoC, that is not my primary concern. I'd be more concerned that somebody buys the team, with the intent to move it, and does so even if IoC fails to get the license but the arena is built anyway.
Whether or not IoC gets the license is inconsequential to new or existing Pens ownership. Since they have no interest (at least thats what they're saying) in the IoC bid, they're ONLY interested in the new Arena and the lease terms of being a tenant in the new Arena.
If the new Arena is built, make no doubt, it WILL BE the premiere 'Barn' in the NHL. There would be NO financial incentive to move the team. revenues from operating the franchise here would be equal to, or greater than, moving to an existing (alibiet new) building in KC or an old building in Las Vegas, Portland, Houston, etc...
It's all about the money unfortunately.