Articles / Pittsburgh Penguins To Have New Majority Ownership

Pittsburgh Penguins To Have New Majority Ownership

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Hockey News
Dec 19, 2025 10:34 PM

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The Pittsburgh Penguins are set to undergo a significant ownership transition as Fenway Sports Group (FSG) is finalizing a deal to take a majority stake in the franchise. This move is poised to inject new energy into the organization, which is looking to reclaim its status as a contender in the NHL. FSG, known for its management of iconic sports teams, including the Boston Red Sox and Liverpool FC, brings a wealth of experience and a fresh perspective to the Penguins.

As the Penguins navigate this change, the focus will be on enhancing the roster surrounding star players like Sidney Crosby and Evgeni Malkin. Their on-ice leadership will be crucial as the team aims to improve its performance and compete effectively in the Eastern Conference. Fans are hopeful that the new ownership will align with a vision that not only respects the franchise’s storied history but also pushes for success in the future.

Moreover, the Penguins are keen on leveraging FSG's extensive brand-building capabilities and global reach. This partnership could enhance the Penguins' market presence and attract new fans, ultimately benefiting both the team and the city of Pittsburgh. As details of the acquisition emerge, stakeholders from various corners are eager to see how this new chapter unfolds for one of the league's most decorated franchises.