Fenway Sports Group reportedly in talks to acquire Pittsburgh Penguins

Fenway Sports Group reportedly is closing in on adding the NHL’s Pittsburgh Penguins to its stable of baseball, soccer, auto racing, and TV station properties. The Penguins are owned by their legendary star Mario Lemieux and investor Ron Burkle. FSG has been eyeing the addition of sports properties ever since it received a $750 million capital boost in March, when RedBird Capital Partners became FSG’s third-largest shareholder.