Fenway Sports Group - who's had controlling interest in the Penguins since 2021 - is still expected to retain majority share

PITTSBURGH (KDKA) -- Fenway Sports Group is exploring selling off a minority stake of their ownership in the Pittsburgh Penguins, according to a report from ESPN. ESPN, citing sources, says that Fenway Sports Group is taking the organization to market this week to "explore selling a minority stake."

Fenway Sports Group is taking the Pittsburgh Penguins to market this week to explore selling a minority ownership stake, multiple sources told me and Kevin Weekes. FSG expected to retain controlling interest.

The Pittsburgh Penguins' ownership group, Fenway Sports Group, is allegedly taking the team to market this week following reports of the group selling a minority stake.

The Penguins had a hot streak not long ago, but now look like one of the most miserable teams in the NHL. A 2-1 loss to the San Jose Sharks has pushed them to a 20-24-8 record and

Fenway Sports Group, which bought controlling interest of the Pittsburgh Penguins in 2021 for $900 million, is taking the NHL franchise to market to explore selling a minority stake, multiple sources told ESPN's Emily Kaplan and Kevin Weekes on Monday.

Fenway Sports Group, which owns the Pittsburgh Penguins, is exploring potentially selling a minority share of the franchise according to a report from ESPN. Fenway would retain a controlling interest in the franchise in the event of any transaction.