st5801
Registered User
- Jan 31, 2005
- 1,719
- 0
I really think that if there was only a $5 million gap they would have given it to Murstein. That leads me to believe that there was some problem with his bid. We don't know all the details and the news reporting of the whole thing has been sketchy at best (just look at all the contradictory reports about the 5th group), so there could be a lot going on behind the scenes.it bothers me slightly that they wouldn't sell to the group that guaranteed to keep the team in pitt over $5 mill. $170 mill instead of $175 mill doesn't seem like a big deal. especially when you consider lemieux group bought the team for about $80-90 mill in 1999. they would be making out huge either way.
Sure, Murstein may offered $170 million, but its possible that he didn't have the cash up front or at all, and Fingold did. There may have been other similar problems with his bid that we are unaware of. His original bid of $150 million may have included the maximum Cuban was willing to put in, so Murstein may have been scraping together nonexistant funds to get the bid up to $170 million.