Mario Lemieux’s possession group is seemingly going to have to jot down a much bigger examine if it will purchase again the Pittsburgh Penguins. The Lemieux-led possession group’s preliminary bid to buy the group from Fenway Sports activities Group is properly beneath what FSG would think about promoting for, in accordance with Sportsnet NHL insider Elliotte Friedman.
Earlier this summer time, it was reported that an possession group led by Lemieux, fellow former Penguins co-owner Ron Burkle and former chief govt Dave Morehouse had been “very “ in shopping for again the Penguins from FSG, who bought the group from Lemieux’s group in 2021 for just below $1 billion.
Final month, DK Pittsburgh Sports activities reported that Lemieux’s group was ready to pay someplace within the $1 billion vary for the Penguins, who’s price was not too long ago valued by Forbes at $1.75 billion. It is cheap to assume that FSG is utilizing the latest sale of the Tampa Bay Lightning as a barometer. The Lightning not too long ago offered for $1.8 billion.
At this level, there is no such thing as a cause that FSG would rush to get one thing achieved, so it is a story that might drag on for the foreseeable future. It is protected to say, nonetheless, that Penguins followers are excited with the opportunity of Lemieux rejoining the franchise someday comparatively quickly.
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Lemieux, 59, is with out query essentially the most iconic determine franchise historical past. He captained the Penguins to back-to-back titles within the early Nineties and was within the proprietor’s suite when Pittsburgh gained its three most up-to-date Stanley Cups in 2009, 2016 and in 2017.
The Penguins have not loved the identical success below FSG’s possession. After making the playoffs annually from 2007-22, Pittsburgh has didn’t qualify for the postseason every of the final three years. The Penguins’ 80 factors final season represented the franchise’s lowest single-season level tally for an 82-game season since 2005-06, which was Lemieux’s ultimate season as a participant and future Corridor of Famer Sidney Crosby’s first.
