It looks as if the historic Pittsburgh Penguins will undergo an ownership change.
Talks have been happening for months and there were a few different parties interested in purchasing the franchise.
Despite interest from other parties, Penguins ownership decided to sell to Fenway Sports Management, owner of Red Sox, and Liverpool FC who will be purchasing the Pittsburgh Penguins organization from current owners Mario Lemieux, Ronald Burkle.
Mario Lemieux will retain a minority stake, but Burkle will be completely bought out.
There are no plans to make any changes to upper management at this time.
BREAKING: Source tells me Penguins will be sold to Fenway Sports Management, owner of Red Sox, and Liverpool FC, but that Mario Lemieux will retain a minority stake. Ron Burkle won't. He's out. Upper management, including David Morehouse, will stay
— Dejan Kovacevic (@Dejan_Kovacevic) November 16, 2021
The Pittsburgh Penguins have been owned by Ron Burkle and Mario Lemieux since 1999.
More details to follow.
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