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.