NHL News

NHL News: Fenway Sports Group to buy the Pittsburgh Penguins


Fenway Sports Group is finalizing a deal to purchase the Penguins from Mario Lemieux and Ronald Burkle.

Fenway Sports Group, headed by means of John Henry and Tom Werner, is the parent organization of each the Boston Red Sox and Liverpool. Los Angeles Lakers movie star LeBron James is also a accomplice.

The Pens were owned by franchise icon Lemieux and Burkle on account that 1999 while the pair bought the group out of financial ruin.

According to ’s most recent franchise valuations launched in October, the Penguins are the fifteenth most precious franchise in the NHL and are well worth about $840 million.

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