Mario Lemieux Just Made $350 Million Due to Penguins Pay Issue in 1998

Pompliano continues the thread by acknowledging Lemieux’s decision to offer to purchase the team with an investor group, financing the deal by converting the $20 million of his deferred salary into equity and controlling 25% ownership of the team, rather than file a lawsuit. Since then, the Penguins have been one of NHL’s premiere franchises, having won three Stanley Cups, increasing annual revenue from $55 million to $185 million, successfully building a new arena, and signing lucrative cable d…