hammertm said:
And where are you getting these numbers from? I highly doubt with the upcoming sale of the Penguins that Lemieux's net worth will be less then $10 million.
not sure exactly how the lemieux group is structured, but i know Lemieux is personally responsible for all the debts and yet his ownership is shared... that being, his partners will walk away with more money after the sale than he would...there was an article on this last fall in sports illustrated that i read at the dentist's.
i think he signed a personal guarantee on the debt warrants for the hockey club. at the sale of the club, he will have to clear up all of the team's debts with his own money. apparently there was close to 100% financing on the team.
you don't think the heart condition is stress related?
personally, i think he retired so that he can focus on a strategy to either save his ass by saving the penguins or by mitigating the losses in any way he can (moving players, sale of the team, etc..) it does sound like a sale, though... he is selling it without a reserve bid price and has a deadline to sell it within.