Red Sox Owners In Advanced Talks To Buy NHL's Pittsburgh Penguins

Boston MA

16 November, 2021

3:48 PM

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BOSTON — The holding company that owns the Boston Red Sox could buy the NHL's Pittsburgh Penguins as soon as this week, the Wall Street Journal reported Tuesday. John Henry's Fenway Sports Group LLC owns the Red Sox, Fenway Park and NESN in addition to English soccer powerhouse Liverpool FC and half of NASCAR team Roush Fenway Keselowski Racing. Seperately from Fenway Sports Group, Henry also owns The Boston Globe. A deal could be completed for the Penguins later this week, sources told the Journal. Terms weren't disclosed. The Penguins have been owned by former star Mario Lemieux and investor Ron Burkle since 1999. The franchise has been one of the most cornerstones of the National Hockey League, winning five Stanley Cups, most recently in 2016 and 2017. The Penguins are still led by two-time MVP Sidney Crosby, a 34-year-old star who remains one of the most iconic players in the sport. In March RedBird Capital Partners invested $750 million into Fenway Sports Group. LeBron James also invested in the group.