Field Level Media
15 Jul 2025, 07:10 GMT+10
(Photo credit: Charles LeClaire-Imagn Images)
An ownership group led by Hall of Famer Mario Lemieux has expressed that it is 'very interested' in buying his former team, the Pittsburgh Penguins, as reported by The Athletic on Monday.
Lemieux and his ownership group, comprised of former co-owner Ron Burkle and former executive David Morehouse, have reportedly informed NHL commissioner Gary Bettman of their intention to pursue a purchase of the team from Fenway Sports Group (FSG), the organization that acquired the team from their group in 2021.
FSG has announced the pursuit of additional minority investors in the wake of selling just 91.4 percent of available tickets in 2024-25, the lowest amount in two decades, but hasn't expressed publicly a desire to sell the club.
The Penguins were valued at $1.47 billion in 2024, per Sportico.
Lemieux, 59, was a two-time Stanley Cup winner with the Penguins, earning three Hart Trophies among nine All-Star appearances.
His 1,723 career points and 690 career goals remain the most in franchise history, with current Penguins star Sidney Crosby second in both categories.
Since acquiring the team, FSG has presided over just one playoff appearance, including straight postseason misses. The Penguins' recent record is in stark contrast to the team winning three league championships from 2009-17.
--Field Level Media
Get a daily dose of Pittsburgh Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pittsburgh Star.
More InformationThe family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
(Photo credit: Charles LeClaire-Imagn Images) An ownership group led by Hall of Famer Mario Lemieux has expressed that it is 'very...
(Photo credit: Jeff Hanisch-Imagn Images) Milwaukee Brewers rookie Jacob Misiorowski didn't anticipate the blowback, but he understands...
(Photo credit: Bill Streicher-Imagn Images) Philadelphia 76ers forward Paul George underwent successful arthroscopic surgery on his...
(Photo credit: Matt Blewett-Imagn Images) ATLANTA -- Just to participate in the Major League Baseball All-Star Game would be a career...
NEW DELHI, India: A preliminary investigation into the Air India crash on June 12 in Ahmedabad has revealed that a shift in the fuel...
BRUSSELS, Belgium: Meta is holding firm on its controversial pay-or-consent model, a move that could lead to fresh antitrust charges...
LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...
The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...