News Article: FSG looking for a minority owner

don’t see how this is bad for fans/org. Just an infusion of capital.

If anything FSG probably wants to capture rising valuations, thinks they can sell to buy down their basis and retain upside through control.

Will be curious if this is selling off 10%, the dev site, or a bigger %
 
Have they done this with other major sports teams they own? I don't care enough to look it up.

But hell, even Lemieux/Burkle had minority owners so this isn't exactly unusual. More than anything, it's an infusion of cash to their bottom line while sacrificing a small % of revenue later. Consider they are about to enter a rebuild phase where revenue will be down anyway, it's not a bad business move.

If they were willing to sell controlling interest, I'd be a bit more concerned.

And now I really wish I would hit that big Mega Millions jackpot a month or two ago.
 
The executive who was behind the Pens purchase is long gone. The current FSG heads are probably looking for funds to delay some decisions
 
Have they done this with other major sports teams they own? I don't care enough to look it up.

But hell, even Lemieux/Burkle had minority owners so this isn't exactly unusual. More than anything, it's an infusion of cash to their bottom line while sacrificing a small % of revenue later. Consider they are about to enter a rebuild phase where revenue will be down anyway, it's not a bad business move.

If they were willing to sell controlling interest, I'd be a bit more concerned.

And now I really wish I would hit that big Mega Millions jackpot a month or two ago.
Yes they did it recently with Liverpool. They sold a chunk, but retained majority control and all decision-making powers.
 
The executive who was behind the Pens purchase is long gone. The current FSG heads are probably looking for funds to delay some decisions
This isn't quite accurate.

John Henry and Tom Werner have always been the primary founders of FSG and they are still there. David Beeston, who left for a private equity firm, played a large role in the purchase and in bringing in Dubas, but Henry and Werner were heavily involved, too.
 
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Yeah without understanding why they made the decision it’s hard to tell if this means anything other than adding some money.

It would be hilarious if they are looking to get out, and this is just a first step. Just like a PE. Invest in something you don’t know anything about and jump ship after making a mess of it.
 
Yeah without understanding why they made the decision it’s hard to tell if this means anything other than adding some money.

It would be hilarious if they are looking to get out, and this is just a first step. Just like a PE. Invest in something you don’t know anything about and jump ship after making a mess of it.
They want to add to their overall portfolio by getting nto the NBA. Relinquishing a small portion of a property like the Pens gives them immediate cash on hand to make such a move.

Bob Nutting is about to be the new investor. Hope you like water in your beer
Nutting doesn't have two pennies to scrape together.

It'll be an equity firm or something just like Liverpool. FSG used that small sale to pay off debts, construction, etc.

 
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