NHL MAY REVOKE PENGUINS FRANCHISE WITHOUT NEW OWNERSHIP

          The NHL "may ask for court permission to revoke the
     Penguins' franchise" if a reorganization plan for the team
     isn't adopted soon, according to Kris Mamula of the
     Pittsburgh TRIBUNE-REVIEW.  NHL Senior VP/Legal Affairs
     William Daly said that the NHL could "exercise drastic
     options under its constitution" with U.S. Bankruptcy Court
     approval, which includes selling "player contracts or the
     entire team to another city," or "terminating the
     franchise."  Daly: "It's not that we're impatient.  Time is
     short.  We can't be in a position of being halfway through
     the summer and not knowing what the Penguins are doing." 
     Daly "declined" to give a drop-dead date for the Bankruptcy
     Court to "adopt a plan," nor would he comment on "what the
     league would do if its motion is approved by U.S. Bankruptcy
     Court Judge Bernard Markovitz" (TRIBUNE-REVIEW, 4/20).