Ice Hockey

Pittsburgh Penguins confirm sale to Fenway Sports Group (SportsPro Insider)

John Henry’s Fenway Sports Group (FSG) has agreed a deal to buy the National Hockey League’s (NHL) Pittsburgh Penguins.
Reports of the deal first emerged earlier in November, but the pair have now announced that FSG has entered into an agreement to acquire a controlling interest in the North American ice hockey franchise.
Financial terms of the arrangement were not made public, although the Penguins were most recently valued at US$845 million in October, ranking 15th in sports business outlet Sportico’s NHL franchise valuations.

Fenway Sports Group Reaches Agreement to Buy Pittsburgh Penguins (SportsTravel) Fenway Sports Group, owners of the Boston Red Sox among multiple other entities, has entered into an agreement to acquire controlling interest in the Pittsburgh Penguins hockey team with the deal, which is subject to approval by the National Hockey League Board of Governors, expected to close before the end of the year.
Mario Lemieux and Ron Burkle will remain part of the ownership group and Lemieux will continue his role guiding hockey operations for the organization. Lemieux and Burkle purchased the team in 1999 and in the past 22 years have seen the Penguins win three Stanley Cups along with the construction of PPG Paints Arena, a multi-purpose venue which opened in August 2010.

Red Sox Owners Reach Agreement to Buy Pittsburgh Penguins (Bloomberg) Pittsburgh (AP) -- Mario Lemieux and Ron Burkle rescued the Pittsburgh Penguins out of bankruptcy more than 20 years ago, a decision that helped turn the team into one of the NHL's marquee franchises.
The Penguins' spot in Pittsburgh secure for years to come and with five Stanley Cup banners hanging from the rafters at PPG Paints Arena, Lemieux and Burkle are handing the keys over to the Fenway Sports Group.

Islanders Become Second NHL Team to Have Season Paused by Outbreak (SportsTravel) The NHL’s second outbreak of the season to the point that a team has had games paused as revived the question of if the league will have to reverse its decision to let players go to the Olympic Winter Games in Beijing later this season.
The league paused the New York Islanders’ season on Saturday, less than 24 hours ahead of a game against the rival New York Rangers. Casey Cizikas on Saturday was the eighth Islanders player to test positive, prompting the NHL’s move. Anders Lee, Josh Bailey, Ross Johnston, Kieffer Bellows, Adam Pelech, Andy Greene and Zdeno Chara have all tested positive.

Boston Red Sox ownership group reaches agreement to buy Pittsburgh Penguins (USA TODAY) PITTSBURGH – Fenway Sports Group has reached an agreement with the Pittsburgh Penguins that would give the conglomerate controlling interest in one of the NHL’s marquee franchises.
The Penguins announced Monday that the two sides have come to terms on a deal, which would need to be approved by the NHL’s Board of Governors. A decision is expected by the end of the year.
Financial details were not released. Sportico valued the Penguins at $845 million last month.
As part of the deal, Penguins Hall of Famer Mario Lemieux and co-owner Ron Burkle will remain part of the franchise’s ownership group.