Like any relief pitcher, Pepper Hamilton’s Lisa Jacobs inherited someone else’s problems when she was brought aboard in late June to help finalize the sale of the Pittsburgh Penguins to an investment group led by the team’s former star, Mario Lemieux.
Fortunately for Lemieux and the city of Pittsburgh — which desperately wanted to hold on to its hockey franchise — Jacobs was more like Tug McGraw than Mitch Williams, as the deal was finalized Friday morning. The purchase was made with an aggregate consideration of $84 million that included payments by the Lemieux group, assumption of debt and compromises with other creditors.
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