Bettman: No Process in Place to Sell Pens

Before Monday's game one match-up between the San Jose Sharks and Pittsburgh Penguins, NHL Commissioner Gary Bettman made a surprising statement on the sale process during his annual Stanley Cup Final press conference.

My understanding is there is no urgency or immediacy. For a variety of reasons, they’re looking for options, but there is nothing pressing and there is no process in place to sell the club.

It is thought that Mario Lemieux is looking to reduce his stake in the team but continue to be involved in the team in some capacity while Ronald Burkle is believed to be wanting retain a majority stake in the ownership.

It is surprising no one has stepped up to meet the demands to own a franchise headlined by Sidney Crosby and Evgeni Malkin but maybe the price to own a team in the NHL is too much considering the economics for the league, especially with expansion looming.