Pittsburgh Penguins may be under new ownership as early as this week

Some surprising news out of the hockey world Tuesday. According to several reports, the Pittsburgh Penguins ownership group, which consists of former team star Mario Lemieux, is looking to sell the team, and a buyer has apparently been found.

"Fenway Sports Group, the company that owns the Boston Red Sox, may complete a deal this week to buy the Pittsburgh Penguins, [Wall Street Journal]
reports. The Pens have been owned by Ron Burkle and Mario Lemieux since 1999," said TSN's Rick Westhead.

Fenway also owns Liverpool F.C., a Premier League Football team.

At this point, there's no word on what the terms of the deal might be. The value of the Penguins franchise in 2020 was estimated to be around $650 million USD. There's also no word on why Burkle and Lemieux want out of owning the team.

MUST READ

12 hours ago  |  By Tom Banks Angry John Tortorella Calls Out One Flyers Player: Trade is Likely Per Elliotte Friedman

14 hours ago  |  By Tom Banks Quinn Hughes Ejected: Suspension May be Coming for the Reigning Norris Winner

15 hours ago  |  By Tom Banks Matvei Michkov Stuns With Crazy Quote in Post-Game Interview Following OT Winner

16 hours ago  |  By Tom Banks Jeremy Swayman on the Verge of Losing the Starting Role in Boston: His Contract Looks Like a Disaster

19 hours ago  |  By TJ Tucker Detroit Red Wings Place Massive Six-Foot-Six Forward on Waivers

21 hours ago  |  By Graham Montgomery Connor Bedard's Struggles Prove Chicago Blackhawks are in Dire Need of a Coaching Change

22 hours ago  |  By Graham Montgomery NHL Analyst Believes Toronto Maple Leafs are Exploring Possible Reunion With Nazem Kadri

Nov 23  |  By Graham Montgomery 800-Game NHL Veteran Nick Bonino Signs an Unexpected New Professional Contract

MORE STORIES