Mario Lemieux-led group eyeing Penguins purchase, reports say they are 'very interested'
Mario Lemieux, a name etched deeply into Pittsburgh Penguins history, could be preparing for a stunning return—this time off the ice. According to The Athletic, Lemieux is reportedly 'very interested' in buying back the Penguins alongside former co-owner Ron Burkle and ex-CEO Dave Morehouse, now serving as an advisor with the Pittsburgh Steelers.
Pittsburgh Penguins could be back in the hands of Mario Lemieux in a dramatic ownership move
This potential move follows Fenway Sports Group's (FSG) 2021 acquisition of the franchise in a $900 million deal. While FSG has maintained that it's only exploring a 'minority investment,' Lemieux's group is said to be actively evaluating financial options to regain control. 'We've seen the speculation, and as we've previously shared with media, Fenway Sports Group is currently engaged in a process to explore a potential minority investment in the Pittsburgh Penguins,' FSG said in a statement.
However, many see this as an opening Lemieux could eventually capitalize on.
The timing couldn't be more fitting. Since the franchise changed hands, the Penguins have struggled. Pittsburgh failed to reach the playoffs in the last two seasons after a 15-year streak, and ticket sales have dropped to just 91.4% of capacity, an all-time low in the Sidney Crosby era. With fan enthusiasm fading and on-ice performance waning, a return to Lemieux-led ownership could breathe new life into the franchise.
by Taboola
by Taboola
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Lemieux's legacy isn't just about goals and assists—it's about saving hockey in Pittsburgh. From leading the team to back-to-back Stanley Cup wins in 1991 and 1992, to stepping in with controlling interest when the franchise was bankrupt, Lemieux has twice resurrected the Penguins. He even returned to play in 2000, taking the team on an unexpected journey to the Eastern Conference Final while also serving as owner.
With valuations of NHL franchises soaring—Forbes now pegs the Penguins at $1.75 billion—buying back the team won't come cheap. But Lemieux's group is reportedly hoping FSG will entertain a 'reasonable' deal, especially given the team's recent struggles and potential for league-wide revenue boosts from future expansion.
Lemieux, who was inducted into the Hockey Hall of Fame in 1997 before his comeback, last suited up during Crosby's rookie season. He later watched Crosby lead the team to a Stanley Cup in 2009, under Lemieux's ownership.
If this comeback materializes, it won't just be about business. For Lemieux, it's about passion, legacy, and rescuing the Penguins once more when they need it most.
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