KWTX - Waco,TX,USA
Cuban Eyes Small Stake In Penguins
July 06, 2006

(June 30, 2006)--Dallas Mavericks owner Mark Cuban won't have a substantial financial stake in the Penguins if a group he supports buys the Pittsburgh hockey team.

Cuban says he's joined a group headed by New York financier Andrew Murstein.

Several of Cuban's high school friends also aligned with Murstein, who is president of Medallion Financial.

Also included are principals in Pittsburgh-based Walnut Capital.

Walnut Capital CEO Gregg Perelman recently partnered with Cuban to buy a nine-story downtown Pittsburgh office building.

Cuban said he's just a minority investor and then they'll go from there.

Cuban grew up in suburban Mount Lebanon, Pa.

He was interested in buying the Penguins before Mario Lemieux's group purchased the team in bankruptcy court in 1999.

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