Andrew Murstein, the New York City financier heading their group’s bid for the hockey team, said the group increased its offer Friday, but it was rejected by the Penguins.
The group offered more than $170 million, as high as it intends to go, Murstein said.
“We increased our offer significantly, and it was not accepted,” he said.
There were two bids that were reportedly higher. However, unlike the Murstein-led group the spoke of keeping the team in Pittsburgh, the other two have talked about moving the team if the city does not build a new arena. Kansas City and Hartford were new locations mentioned.