TSNreported Wednesday that Mario Lemieux, Ron Burkle and David Morehouse are "investigating the possibility" of buying the Penguins back from Fenway Sports Group.
I reached out to a representative from Fenway Sports Group about the report and was told, "We’ve seen the speculation, and as we’ve previously shared with media, Fenway Sports Group is currently engaged in a process to explore a potential minority investment in the Pittsburgh Penguins. The focus is on identifying a small, passive partner. That is the current framework under discussion with potential investors."
Lemieux and Burkle sold the Penguins to Fenway in 2021. Morehouse was named the team president in 2007 and was named CEO in 2010, roles he held until stepping down in April 2022. Lemieux and Burkle retained minority stakes when they sold in 2021.
Fenway Sports Group started to explore selling a minority stake starting early this past season, just to get a sense of what was out there in potential partners, but the group was also OK with not taking on another minority partner if they didn't find anything they liked. The majority stake in the team wasn't officially for sale, but the sense I got was that, if the right offer came along, Fenway wouldn't be opposed to selling what they owned.
I reached out to a representative from Fenway Sports Group about the report and was told, "We’ve seen the speculation, and as we’ve previously shared with media, Fenway Sports Group is currently engaged in a process to explore a potential minority investment in the Pittsburgh Penguins. The focus is on identifying a small, passive partner. That is the current framework under discussion with potential investors."
Lemieux and Burkle sold the Penguins to Fenway in 2021. Morehouse was named the team president in 2007 and was named CEO in 2010, roles he held until stepping down in April 2022. Lemieux and Burkle retained minority stakes when they sold in 2021.
Fenway Sports Group started to explore selling a minority stake starting early this past season, just to get a sense of what was out there in potential partners, but the group was also OK with not taking on another minority partner if they didn't find anything they liked. The majority stake in the team wasn't officially for sale, but the sense I got was that, if the right offer came along, Fenway wouldn't be opposed to selling what they owned.