Connect with us

Pittsburgh Penguins

Pittsburgh Penguins to be sold to new ownership group

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.

See also  Watch: Wayne Simmonds Makes Edler Answer For Injuring Zach Hyman

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.

The Pittsburgh Penguins have been owned by Ron Burkle and Mario Lemieux since 1999.

See also  Watch: Toronto Maple Leafs Vets Show Travis Dermott How To Fight

More details to follow.

Don’t forget to like our facebook page to stay up to date with the latest breaking news and rumors!

Comments
Advertisement

Subscribe to receive the latest news and rumors in your inbox!

Latest Posts

More in Pittsburgh Penguins