Penguins Could See Ownership Shift: Report

PITTSBURGH, PA —Fenway Sports Group, which owns the Penguins, reportedly is considering selling a minority stake in the team.

While the specific percentage of the team that would be sold is unknown, ESPN reported on Monday that Fenway Sports Group would remain the controlling owners.

Fenway purchased a controlling stake in the team in 2021 for $900 million from previous owners Ron Burkle and Mario Lemieux. The former Penguins star bought the team in 1999 and saved it from Bankruptcy.

Fenway Sports Group's holdings also include the Boston Red Sox, Fenway Park, Liverpool Football Club, the New England Sports Network, RFK Racing of NASCAR and Boston Common Golf of TGL (the TMRW Golf League).