Lemieux Group Eyes Penguins Buyback Amid FSG Tensions

A group led by Mario Lemieux, Ron Burkle, and David Morehouse is reportedly exploring a buyback of the Pittsburgh Penguins from Fenway Sports Group (FSG), which acquired the NHL team in 2021 for $900 million. Lemieux and Burkle, who previously rescued the Penguins and led them to three Stanley Cups, retained minority stakes after the sale and are now considering regaining control. FSG, which also owns the Boston Red Sox and Liverpool FC, is seeking to sell at least a partial share and is talking to multiple potential buyers. The Penguins' performance has declined under FSG, with only one playoff appearance since the acquisition. No official comments have been provided by Lemieux’s group, and the scope of their potential purchase remains unclear. Reports have surfaced of tensions between Lemieux and FSG, including allegations of unmet promises made during the 2021 transaction.