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Old 11-30-2021, 12:22 AM   #1
Locke
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Default Pittsburgh Penguins Sold to Fenway Sports Group

I didnt see this posted anywhere which was odd because it happened today and the Penguins happen to be in town.

Quote:
The Pittsburgh Penguins and Fenway Sports Group entered an agreement Monday in which FSG will acquire controlling interest in the team.

Mario Lemieux, a two-time Stanley Cup winner with the Penguins as a player, will remain part of the ownership group. He and Ron Burkle became majority owners of the Penguins in 1999; Burkle also will remain part of the ownership group.

The sale requires approval of the NHL Board of Governors.

Fenway Sports Group owns the Boston Red Sox of Major League Baseball, Liverpool of the English Premier League, Roush Fenway Racing of NASCAR and Fenway Park. John Henry is its principal owner
https://www.nhl.com/news/pittsburgh-...am/c-328445474

I'm not sure what the financial state of the Penguins was, I assumed it was healthy enough with the arrival of the new stadium, but its another direction.

As a Liverpool fan as well I've been nothing but pleased about how FSG has steered the team so this ought to bode well for Pens fans.

Also...so long Penguins and thanks for the 2 points!
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