fromPuck Prose
4 days agoOwnership Change: Fenway Sports Group to sell the Pittsburgh Penguins
When the Penguins were sold in 2021 to Fenway Sports Group, the sale was for around $900 million. The asking price for FSG's prospective transaction could stand at around $1.8 billion USD, which would be double the amount that the company paid to acquire ownership of the team. The increase in value comes as the Penguins' ongoing postseason drought has surpassed three seasons; their last playoff appearance, a seven-game first-round loss to the New York Rangers, came in the 2021-22 season.
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