Lemieux looking into buying back the Penguins from FSG

[MMC]

 

[Turin]

Very weird. Why did they sell in the first place then?

As a Pens fan I’m fine with it obviously but could do without Morehouse.

 

[MMC]

 

[NVious]

He's also going to play because as he said "If Tristan Jarry can make the NHL, I can still get 30+"

 

[Canovin]

Lemieux buying back Pitts in case they win the McKenna-Dupont-Schultz sweepstakes

 

[qcal1427]

Lemieux buying back Pitts in case they win so that the league gifts them the McKenna-Dupont-Schultz sweepstakes

 

[BHD]

Mario heard enough about Dubas after listening to Frank’s podcast during his morning jog.

 

[StreetHawk]

Valuation in 2021 sale was roughly $900 mill. Valuation today likely $1.2 -$1.5 billion range.

 

[3074326]

@qcal1427

It's been over two decades, find a new joke ffs. Was an entire career of Ovechkin not enough to overcome the butthurt from Pitt ruining a majority of those playoff runs? The salt continues to be delicious.

 

[Statto]

I could see FSG selling a small stake as that is typically how they work, but unless it’s a significant overpayment I’d be very surprised if they sold the whole thing. That is unless there has been a big miscalculation on costs/projections etc, but that in itself would be surprising.

Perhaps they need to fund the Wirtz transfer for Liverpool.

 

[Booker T]

Michel Therrien just changed his LinkedIn to "Open to Work"

 

[Son of Nogatco]

Likely in response to the rumors that FSG wants to move the team to Foxboro Mass and rebrand them the New England Penguins, switching the team colors to blue red and silver

 

[ORRFForever]

LOL. I thought he still owned the team.

 

[FourHourParekhtion]

Very weird. Why did they sell in the first place then?

As a Pens fan I’m fine with it obviously but could do without Morehouse.

For millions and millions of dollars cash.

Which they can now reinvest a fraction of, get back on the train, and sell out again in 10-15 years for even more cash.

It’s honestly beautiful.

 

[TheBeard]

Lemieux buying back Pitts in case they win the McKenna-Dupont-Schultz sweepstakes

It's almost like tht's a prerequisite for his involvement - a generational merchandizing star

 

[Canovin]

It's almost like tht's a prerequisite for his involvement - a generational merchandizing star

Can't blame him. 2026-2028 is the perfect time to tank

 

[MetalheadPenguinsFan]

Hopefully this is true

f*** FSG

 

[PistolPete]

Mario heard enough about Dubas after listening to Frank’s podcast during his morning jog.

Morning jog with that wonky back?

Ouch!

 

[PistolPete]

For millions and millions of dollars cash.

Which they can now reinvest a fraction of, get back on the train, and sell out again in 10-15 years for even more cash.

It’s honestly beautiful.

They do say Big 4 teams are the best investment. Not only do they go up but by a lot!

 

[Cleetus]

Michel Therrien just changed his LinkedIn to "Open to Work"

 

[Jag68Sid87]

We are losing the Boston connection one level at a time.

 

[PistolPete]

Likely in response to the rumors that FSG wants to move the team to Foxboro Mass and rebrand them the New England Penguins, switching the team colors to blue red and silver

The Flying Elvis with a beak....coolios!!!

 

[Zirakzigil]

Mario is looking for a new live in babysitter. He knows the Pens are getting McKenna next year with the Rangers pick. Smart move to buy back the team.

 

[PistolPete]

Out of curiosity, jokes asise: does anyone actually believe the roster of players adds value to a team- even a McDavid?

 

[centipede2233]

Lemieux buying back Pitts in case they win the McKenna-Dupont-Schultz sweepstakes

Lemieux seems like a very savvy business man. He knew the Crosby era of winning cups were over, had a little foresight and sold in 2021 before the bottom dropped out. Now that the bottom is dropping out and is clear to the new naive Fenway group, I think Lemieux’s group will buy a portion back but prorated at a discount from when they sold it. It’s a pretty savvy play from Lemieux