Red Sox president confirms Fenway Sports' interest in buying Penguins

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Red Sox President Sam Kennedy confirmed on Wednesday that Fenway Sports Group is in talks to buy the Pittsburgh Penguins.

Red Sox President Sam Kennedy confirmed on Wednesday that Fenway Sports Group, which owns the Major League Baseball team as well as Liverpool FC of the Premier League and is partners in the RFK Racing NASCAR team, has been working on a deal for the professional hockey club. The talks were first reported by Sportico.

Kennedy declined to elaborate on the terms of the deal. A Penguins spokeswoman did not respond to an email seeking comment.FSG has been looking to add another major sports franchise to its portfolio. One of the NHL's 1967 expansion franchises, the Penguins were bought out of bankruptcy by Lemieux and investor Ron Burkle in 1999 for $85 million and transformed into one of the NHL's most successful franchises.

 

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