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Balsillie bids on Penguins

Could we see RIM CEO Mike Laziridis lacing up for the NHL’s Pittsburgh Penguins? We’re hoping not, but his partner-in-crime and Co-CEO Jim Balsillie may have something to say about that. A long-time hockey fan, Balsillie’s slapped down a bid to own the team that Mario Lemieux built for a whopping $180 million. Not only that, but he planned to move the team to his hometown of Hamilton, Ontario, close to RIM’s headquarters in Waterloo. Hello, company picnics!

“Balsillie, who has declined comment, was the secretive Canadian bidder who nearly signed a letter of intent with the Penguins in mid-July. He backed out when he realized it wouldn’t be simple to move the team. It’s believed he wanted to relocate it to Hamilton, Ontario, which is near Waterloo.”

But now he’s back on the table with a few other bidders behind him. Come on, Jim. Now while we’re waiting for RIM’s stock to go through the roof, we can check NHL box scores - awesome. Read the entire story here.

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4 Responses to “Balsillie bids on Penguins”

  1. George
    September 16th, 2006 00:09
    1

    Should have bought them when he had the chance, they got two young superstars on their team now and the franchise is finally on the upswing.

  2. Steve St. Pierre
    September 18th, 2006 14:51
    2

    Could still happen, George. Ol’ Jimmy’s back in the game with another bid.

  3. BlackBerry Cool » Financial Post honours RIM CEO’s
    September 19th, 2006 10:53
    3

    […] Busy, busy times for the Co-CEO’s of RIM these days. Devices seem to be dispensing left, right, and center, Balsillie wants the Pen’s, and now both he and Mr. Mike Lazaridis have been honoured by Financial Post Business Magazine for being Canada’s Most Outstanding CEO of 2006. Is it fair if there’s two of them? No matter. The article, provided by the National Post, talks too much about the Pearl and too little about the honour. The award, sponsored by Caldwell International Partners, CTV Inc. and the National Post, honours the executives for their contributions in the areas of governance and physics as well as leading the company’s tremendous growth in sales and subscribers over the past few years. […]

  4. BlackBerry Cool » Balsillie buys Penguins
    October 5th, 2006 07:33
    4

    […] The big question remains, though. Will Balsillie keep the team in their hometown, or will he uproot them to his own hometown of Hamilton, Ontario? Too many factors depend on that, so we won’t even bother speculating. So there. Good news for a Thursday morning. I think I’m more excited that I get to post this picture again. Maybe Lazaridis will get a chance to lace up. […]

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