Report: Lemieux-led group interested in buying back Penguins
Mario Lemieux, Ron Burkle, and David Morehouse are exploring the possibility of buying back the Pittsburgh Penguins from Fenway Sports Group, sources told TSN's Pierre LeBrun.
It's unclear what percentage of the Penguins the trio is interested in buying. Lemieux and Burkle retained minority stakes when they sold the franchise to Fenway Sports Group for $900 million in 2021.
A report in January surfaced that Fenway Sports Group was looking to sell a minority stake in the club. However, the sports conglomerate is also discussing a potential sale with another group, LeBrun added.
Lemieux and Burkle rescued the Penguins from bankruptcy in 1999, guiding the franchise through a new arena deal and overseeing three Stanley Cups during their ownership tenure.
A franchise icon, Lemieux won two Stanley Cups and three Hart Trophies during his 17-year playing career in Pittsburgh. His 1,723 points are the most in franchise history.
Burkle is a billionaire investor and supermarket tycoon. Morehouse previously served as the Penguins' president and CEO.
Fenway Sports Group, led by John Henry and Tom Werner, also owns the Boston Red Sox and Liverpool FC, among other holdings.