According to the Wall Street Journal, the Penguins are in talks to have the team sold to the Fenway Sports Group. They currently own the Boston Red Sox and the Liverpool soccer team in the English Premier League.
Mario Lemieux and Ron Burkle have owned the Penguins since 1999 and have overseen the franchise win three Stanley Cups during that time. The Penguins also own the NHL’s longest current active playoff streak at 15 straight years.
Lemieux and Burkle bought the team when the value was severely low on them (they were in bankruptcy) and the sale could potentially eclipse $850M if it goes through.
Mario Lemieux and Ron Burkle have owned the Penguins since 1999 and have overseen the franchise win three Stanley Cups during that time. The Penguins also own the NHL’s longest current active playoff streak at 15 straight years.
Lemieux and Burkle bought the team when the value was severely low on them (they were in bankruptcy) and the sale could potentially eclipse $850M if it goes through.