Fenway Sports Group Acquires Controlling Interest in the Pittsburgh Penguins
November 29, 2021
Fenway Sports Group (FSG) has entered into an agreement to acquire a controlling interest in the Pittsburgh Penguins, subject to approval by the NHL Board of Governors, with the deal expected to close before year-end. Mario Lemieux and Ron Burkle will remain part of the ownership group and Mario Lemieux will continue to guide hockey operations; senior management at the club will remain in place.
- Buyers
- Fenway Sports Group (FSG)
- Targets
- Pittsburgh Penguins
- Sellers
- Mario Lemieux, Ron Burkle
- Industry
- Media & Entertainment
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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