Field Level Media
17 Nov 2021, 06:58 GMT+10
Fenway Sports Group (FSG), owners of the Boston Red Sox, are on the verge of buying the Pittsburgh Penguins, The Wall Street Journal and Sportico reported Tuesday.
The Penguins are currently owned by longtime Penguins great and Hall of Famer Mario Lemieux, and Ron Burkle. The FSG board, backed by billionaire John Henry, is set to vote on the purchase Thursday, per the reports.
Then the deal would be subject to approval by the NHL.
Terms were not reported. Sportico valued the Penguins franchise at $845 million, 15th among NHL teams.
In addition to the Red Sox and Fenway Park, FSG also owns English soccer club Liverpool FC and NASCAR team Roush Fenway Racing.
Under Lemieux's ownership, the Penguins won the Stanley Cup in 2009, 2016 and 2017 and have qualified for the playoffs 15 seasons in a row.
Lemieux and Burkle bought the Penguins out of bankruptcy in 1999.
The 56-year-old Lemieux was a two-time Cup winner (1991, 1992) in his 17 years playing for the Penguins. He was a nine-time All-Star. Lemieux won the Art Ross Trophy six times, tied with Gordie Howe and trailing only Wayne Gretzky's 10 scoring titles all-time.
He retired after the 1996-97 season.
--Field Level Media
Get a daily dose of Utah Independent 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 Utah Independent.
More InformationBERLIN, Germany: Karl Lauterbach, Germany's health minister, has said that he will encourage family doctors to issue more prescriptions for ...
PARIS, France: According to projections and interviews by the Associated Press in 11 countries, tourism officials have said they expect ...
TRENTO, Italy: Record warm temperatures caused a mountain glacier in the Italian Alps to collapse on July 3, killing at ...
WASHINGTON D.C.: The Department of Homeland Security (DHS) will assist Qatar with security during the 2022 World Cup, which begins ...
PARIS, France: Signaling further disruptions for summer travelers, workers at Roissy-Charles de Gaulle Airport said they would go on strike ...
SOFIA, Bulgaria: Russian diplomats and their families departed Bulgaria over the weekend, amidst heightened tensions between the two eastern European ...
LONDON, England: Amidst surging energy prices and worker shortages, research released this week showed the number of pubs in England ...
BERLIN, Germany: Higher import figures saw Germany recording its first monthly trade deficit in May since 1991. Exports amounted to ...
NEW YORK, New York - The U.S. stock markets again edged in and out of positive territory on Wednesday, but ...
BRUSSELS, Belgium: A document released by the European Union this week revealed that the bloc and its development finance institutions ...
WARSAW, Poland: As Poland's main interest rate remains at its highest level since 2008, boosting the profits of Polish banks, ...
SYDNEY, NSW, Australia - Stocks across Asia lost ground on Wednesday, although the New Zealand market defied the regional trend ...