Penguins/NHL
Many in the business world are calling Fenway Sports Groups bluff that a majority share of the Penguins organization is not available. The Mario Lemieux/Ron Burkle group has indeed explored looking into buying a majority of the franchise back. Those discussions with lawyers and financial backers started taking place To read this insider news, subscribe to get “Inside Access”! there are questions how receptive FSG has been to the logistics of selling back to the group who as things stand now would not be close to being the highest bidder in where this is possibly headed in the process. What we saw Wednesday was a classic To read this insider news, subscribe to get “Inside Access”!
Nonetheless, a lot of small little things are starting to add up in around the organization over the last couple months. With free agency (RFA/UFA) just weeks away, agents have strongly regarded as the Penguins being ‘cheap’ and having an ownership mandate not to spend much during this process. We will see on that……..
As for a potential sale, top NHL Insider Elliotte Friedman is among those also joining the party who is skeptical based on his latest intel, a majority share isn’t in play:
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On the Lemieux Group: “I believe what Pierre said is true,” Friedman said. “I think they have looked into it. All i heard in aftermath they’ve looked into but wouldn’t be called the favorites. One (Another Group) started talking about minority now talking about majority.”
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