Buyer’s Remorse or eyeing an influx of cash? Fenway Sports Group, majority owners of the Pittsburgh Penguins, have hired a firm to officially put the Penguins on the market this week. Two club officials confirm an ESPN report that Penguins ownership is eyeing a sale of a minority stake of the franchise and the group ‘expects’ to remain majority controllers of the franchise.
However, there is skepticism around the league that will hold. While the public stance is expected to be that FSG is taking a Liverpool approach and eyeing more of an investment, there are strong indications FSG is willing to sale a ‘significant’ minority stake of the franchise with an open mind that To read this insider news, subscribe to get “Inside Access”!
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