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Fenway Sports activities Group reaches settlement to buy Pittsburgh Penguins


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The Pittsburgh Penguins have new house owners. On Monday, the staff introduced that Fenway Sports activities Group (FSG) has “entered into an settlement to accumulate controlling curiosity within the Penguins.”

The deal is anticipated to shut earlier than the top of the yr and nonetheless wants be authorized by the Nationwide Hockey League.

Mario Lemieux and Ron Burkle will nonetheless be a part of the Penguins possession group regardless of the upcoming adjustments. Others will even stay with the staff, together with the membership’s senior administration staff of CEO David Morehouse, COO Kevin Acklin, President of Hockey Operations Brian Burke, Normal Supervisor Ron Hextall and head coach Mike Sullivan.

Here is what FSG Chairman Tom Werner mentioned in regards to the deal in a press launch from the league:

“We’re significantly excited to welcome Mario Lemieux and Ron Burkle to FSG and have the utmost respect for all they’ve completed to construct the Penguins into the perennially profitable franchise we all know in the present day. We look ahead to working with Mario, Ron and the complete Penguins entrance workplace staff.”

Lemieux additionally addressed the change, confirming that he’ll stay a pacesetter inside the group.

“Because the Penguins enter a brand new chapter, I’ll proceed to be as energetic and engaged with the staff as I at all times have been and look ahead to persevering with to construct on our success with our incoming companions at FSG,” he mentioned. “They’ve an organizational philosophy that mirrors the method that labored so properly for Ron and me over the previous 22 years.”

FSG is run by by billionaire John Henry. The group additionally owns the Boston Crimson Sox, Fenway Park, Liverpool FC and Roush Fenway Racing.





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