Why isn't this deal done yet?

This is interesting, someone wants to buy the NHL for $3.5 Billion. Billion. So why haven't they sold it yet? I wouldn't give a nickel for the NHL at this point, if they can get $3.5 Billion for it, they should jump on it before the buyers come to their senses. The NHL is nearly dead, anything they can get for it should be considered a bonus.