Copps Coliseum Deal Cancelled By Mystery Group

The group that had previously purchased exclusive rights to the Copps Coliseum in Hamilton, Ontario has cancelled its agreement with the city.

This news comes a week after Jim Balsillie signed a purchase agreement to purchase the Penguins. Though not officially confirmed, Mr. Balsillie was thought to be the moneyman behind the aforementioned group. The cancellation of the agreement is thought to be a move to dispatch fears of the team’s possible move out of Pittsburgh.

Mr. Balsillie has been very adamant about keeping the team in Pittsburgh as long as a favorable arena plan is reached. Which seems a lot more feasible today than even 6 months ago. The move also comes hand in hand with news of the Isle of Capri's bid gaining momentum in the chase for the stand alone slots license in Pittsburgh.

Pittsburgh may just keep their Penguins yet!

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