Day: October 28, 2007

Penguins undertake $100M refinancingPenguins undertake $100M refinancing

The Pittsburgh Penguins’ $21 million payment to co-owner Mario Lemieux this month was part of a $100 million refinancing in which the other primary owner, California billionaire Ron Burkle, and additional investors split $25.3 million. The refinancing, at least the third undertaken by the Penguins since 1995, is common for major pro sports franchises and suggests the NHL team has a value of at…

Rockies sit Taveras, Tulowitzki to No. 2Rockies sit Taveras, Tulowitzki to No. 2

Slumping leadoff hitter Willy Taveras was benched by the Colorado Rockies for Game 3 of the World Series on Saturday night. Taveras was in a 3-for-25 slide since returning from the DL before the NL championship series. He went 0-for-7 at Fenway Park, where the Boston Red Sox won the first two games. Taveras appeared dejected but declined to talk about his demotion as he took the field for batting…