NHL’s Board Of Governors Approves Sale Of Pens To Fenway Sports Group

The NHL’s Board of Governors has approved the sale of the Penguins to Fenway Sports Group.  It was announced earlier this month that FSG has entered into an agreement to acquire controlling interest in the Penguins. Now that the NHL Board of Governors has given its okay, the deal is expected to close by the end of the year. Under the deal, both Mario Lemieux and Ron Burkle will remain part of the team’s ownership group. “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,” Lemieux said in a statement. “They have an organizational philosophy that mirrors the approach that worked so well for Ron and me over the past 22 years.” In a news release, the Penguins said Lemieux will “continue his role guiding hockey operations for the organization. In addition, continuity of leadership will be maintained among the club’s senior management team of CEO David Morehouse, COO Kevin Acklin, President of Hockey Operations Brian Burke, General Manager Ron Hextall, and Head Coach Mike Sullivan.” Lemieux and Burkle purchased the team in 1999.