Fenway Sports Group In Advanced Talks To Purchase Pittsburgh Penguins, Source Says
Emily Kaplan is ESPN's public NHL columnist.
Fenway Sports Group is in cutting edge converses with buy the Pittsburgh Penguins, a source affirmed to ESPN on Tuesday. 메이저사이트
Ron Burkle and Mario Lemieux have been the Penguins' larger part proprietors starting around 1999. The Wall Street Journal and Sportico were quick to give an account of the likely deal.
The understanding should be endorsed by the Fenway Sports Group board, and afterward would be dependent upon NHL endorsement. The NHL's Board of Governors should endorse any expected deal.
Tycoon John Henry is the essential proprietor of Fenway Sports Group, whose portfolio incorporates the Boston Red Sox of MLB, Liverpool of England's Premier League, and Roush Fenway Racing of NASCAR. Fenway Sports Group additionally possesses land, including Fenway Park. NBA star LeBron James has stake in the organization.
The Penguins were very nearly chapter 11 out of 1999 when Lemieux, an establishment legend, and Burkle, a financial backer, driven a gathering that purchased the group for an announced $107 million. Lemieux and Burkle were instrumental in getting another field in Pittsburgh, which fought off expected movement. From that point forward, the Penguins have rediscovered accomplishment on the ice - much obliged, in enormous part, to the appearance of Evgeni Malkin (No. 2 pick in 2004) and Sidney Crosby (No. 1 pick in 2005).
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While Lemieux helped the Penguins to their initial two Stanley Cups in 1991 and 1992, Crosby and Malkin drove the establishment to three additional in 2009, 2016 and 2017.
As per sources, Lemieux is relied upon to hold a minority stake in the group if a deal goes through.
As per ongoing valuations by Sportico, the Penguins are the NHL's fifteenth most significant group, with a worth of $845 million. As per the information assembled by Sportico, the normal NHL group is esteemed at $934 million, and the consolidated market worth of the 32 groups is $30 billion.
Burkle and Lemieux have investigated selling the Penguins already, remembering for 2015, when they recruited Morgan Stanley to assist them with taking a gander at choices.
Fenway Sports Group, in the mean time, has been public with regards to developing its games portfolio in North America.
"We're an immense admirer of the National Basketball Association and clearly the National Hockey League," accomplice Sam Kennedy, who is additionally the president and CEO of the Red Sox, said at a Sportico online course in April. "It addresses a characteristic spot for Fenway Sports Group to look."
The Penguins, in the same way as other groups in the NHL, have battled monetarily during the pandemic. The group acknowledged a $4.8 million Paycheck Protection Program advance in 2020, and its 14-year sellout streak finished recently.
The last NHL group deal included the Arizona Coyotes, as Alex Meruelo took over as larger part proprietor in 2019. The NHL has a standard arrangement that keeps new proprietors from applying for movement for a long time after they dominate.