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John Henry, principal owner of FSG, owns the Boston Globe.Īt the MLB owners meetings in Chicago, FSG chairman Tom Werner, the second-largest shareholder at FSG, said, “We’re interested in expanding, and it doesn’t have to be that the only expansion is by acquiring a professional franchise.” The pending deal would represent the first evidence that FSG - owners of the Red Sox, Liverpool Football Club, half of RFK Racing (NASCAR), NESN, Fenway Sports Management, and Fenway Real Estate -has been able to implement the growth strategy it embarked upon after it received a capital injection of $750 million from RedBird Capital Partners in March.
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The Pittsburgh Penguins will be in good hands with FSG, and Mario and I are here to support them, committed as much as we’ve always been to the success of the franchise.”įSG has its eyes on further expansion, with interest in NBA, NFL, WNBA, MLS, NWSL, and European soccer teams, as well as sports-associated industries. Said Burkle: “Mario and I came in together, and we are excited to become a part of the new ownership group. “They have an organizational philosophy that mirrors the approach that worked so well for Ron and me over the past 22 years.” “As the Penguins enter a new chapter, I will continue to be as active and engaged with the team as I always have been and look forward to continuing to build on our success with our incoming partners at FSG,” said Lemieux, who along with Burkle bought the franchise in 1999. The Bruins were kept abreast of FSG’s talks with the Penguins. The Bruins own 20 percent of NESN, with FSG owning the rest. We look forward to working with Mario, Ron and the entire Penguins front office team.”Ī purchase price in the deal has yet to be disclosed, although the franchise was valued at $845 million this year by Sportico. “We are particularly excited to welcome Mario Lemieux and Ron Burkle to FSG and have the utmost respect for all they have done to build the Penguins into the perennially successful franchise we know today. “We will work diligently to continue building on the remarkable Penguins’ tradition of championships and exciting play. “The Pittsburgh Penguins are a premier National Hockey League franchise with a very strong organization, a terrific history and a vibrant, passionate fan base,” said FSG chairman Tom Werner in a statement.