The Fenway Sports activities Group, whose portfolio contains the Red Sox, is predicted to purchase the Penguins, in accordance to The Wall Street Journal and Sportico. The report has been confirmed by ESPN.
The 2 sides are close to an settlement and the FSG board will vote to approve the deal on Thursday, per Sportico. If the 2 sides can come to an settlement, the NHL board of governors will want to approve the deal.
FSG is backed by billionaire John Henry whereas Ron Burkle and Mario Lemieux have been the Penguins’ majority owners since 1999. Lemieux, Pittsburgh’s all-time main scorer who received two Stanley Cups as a participant in 1991 and 1992, would nonetheless preserve a minority stake within the workforce if the deal goes by, per ESPN.
It is unclear how a lot FSG would pay for the NHL franchise, however its estimated worth is $845 million, in accordance to Sportico. In addition to the Red Sox, FSG’s portfolio contains Liverpool of the Premier League and Roush Fenway Racing of NASCAR. Lakers star LeBron James additionally has stake within the firm.
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