News Article: Penguins Sale Possible This Week

[McGroarty2]

I'd rather Jeremy Jacobs buy the Penguins and move them to some weirdly pronounced town like WUSSTER than to click on a DK article.

-edit- Remember when DK was full lapdog for the organization and went to extreme lengths to paint guys like Despres, Bennett and Kessel as unbearable cretins addicted to drugs, alcohol and gambling? That was cool. Cool fella, who I'm told treats his employees very well.

I'd prefer Wichita.

 

[Statto]

I’m a Kings fan but also a big Liverpool fan and I like FSG as owners. They run a tight ship in terms of finances but have done a great job of increasing revenues and the club is light years ahead of it was when they saved us from going bankrupt. I doubt they will throw money at anything and everything, but they will improve the teams in terms of its infrastructure, training facilities, scouting etc. They will pay a lot of attention to things like advanced stats and very much believe in Moneyball type approaches. Every penny they spend will be for a specific purpose and reason, they waste nothing.

Liverpool are packed with players that have improved far more than anyone expected and have repeatedly made shrewd signings whilst not committing to overly long expensive contracts to veteran players. They will manage the cap well, you can be sure of that and they will see huge value in player development and getting the right coaches throughout the system. They screw up from time to time but they admit their mistakes and correct them, often publicly , which I particularly like.

They have kept us at Anfield, upgraded the stadium, built a new training facility and took us to our first title in 30 years. We’ve been neck and neck with Man City for 3-4 years by spending smart and getting value when selling players. What I really like is that if they pulled their backing tomorrow the club could run itself without them financially. Unlike the Glazier family at Man U they don’t take money out of the club, or run up debt on the club, profits go back into it. Great owners, but people complain because they don’t spend in reckless fashion and try to compete with the 2 Manchester clubs in overpaying for every big name on the market. LFC is one of the few clubs without a debt issue.

 

[Night Shift]

I’m a Kings fan but also a big Liverpool fan and I like FSG as owners. They run a tight ship in terms of finances but have done a great job of increasing revenues and the club is light years ahead of it was when they saved us from going bankrupt. I doubt they will throw money at anything and everything, but they will improve the teams in terms of its infrastructure, training facilities, scouting etc. They will pay a lot of attention to things like advanced stats and very much believe in Moneyball type approaches. Every penny they spend will be for a specific purpose and reason, they waste nothing.

Liverpool are packed with players that have improved far more than anyone expected and have repeatedly made shrewd signings whilst not committing to overly long expensive contracts to veteran players. They will manage the cap well, you can be sure of that and they will see huge value in player development and getting the right coaches throughout the system. They screw up from time to time but they admit their mistakes and correct them, often publicly , which I particularly like.

They have kept us at Anfield, upgraded the stadium, built a new training facility and took us to our first title in 30 years. We’ve been neck and neck with Man City for 3-4 years by spending smart and getting value when selling players. What I really like is that if they pulled their backing tomorrow the club could run itself without them financially. Unlike the Glazier family at Man U they don’t take money out of the club, or run up debt on the club, profits go back into it. Great owners, but people complain because they don’t spend in reckless fashion and try to compete with the 2 Manchester clubs in overpaying for every big name on the market. LFC is one of the few clubs without a debt issue.

I think I'm going to like this group. Thanks for sharing.

 

[Pens x]

yet you offer no analytical thought as to why you want all of them gone. All knee jerk foolishness.

Because he’s a terrible GM?

 

[cookthebooks]

knowing a bit about fsg i find it impossible to believe they really don’t change anything from a management standpoint. guessing everyone gets enough rope to hang themselves while the new overlords evaluate is more likely?

 

[HandshakeLine]

All these takes about the new ownership group just have me chuckling. Like, you think it's unusual or unique for a billionaire to only give a shit about hoarding more wealth and worrying about the bottom line? Woah, crazy stuff. We get to go from a scumbag megamillionaire rape apologist owner and scumbag pedo-adjacent owner to a late-stage capitalism billionaire scumbag owner.

A good rule of thumb is that anyone wealthy enough to own an entire sports franchise is already a horrible person.

 

[Mr Jiggyfly]

One thing I will say that gives me encouragement looking at how FSG runs the Red Sox: they dont have much tolerance for failure in the front office.

Epstein was the boy wonder who finally delivered a title (and then another) after 86 years. Flash forward to 2011, they still had a good team but collapsed. They didnt say "ahh, but remember breaking the curse!" No, he was gone. Then they got Cherington. He delivers a WS, and then gets fired a couple of years later. They hire Dombrowski, after a few seasons, he wins a WS, and then the team takes a step backward, and he gets the sack the following year. They want wins, progress, and titles. And you cant argue much with the results.

Not saying its wonderful to be totally ruthless. But in an org where we watched the best 5 years of our stars squandered because Shero and DB were buddy buddy, and the "country club mentality" has been something we've all lamented, placing accountability and competence ahead of sentiment and past achievements would be pretty refreshing.



Plus, for all the "Cheapskate" arguments, that doesnt really hold much weight in a league where the gap between the cap floor and ceiling is currently ~20 million. Baseball is a different financial world from hockey. Assuming an ownership group arent borderline-white collar criminals, like Arizona or TB, how much can you realistically "cheap out" when a few million saved on cap pales in comparison to the revenue generated from icing a cup contender? It's not like the guy has been Bill Wirtz and stripped franchises for parts, far from it. All those Red Sox retoolings cost money. That's money spent on payouts, money spent on refreshing the roster (and clearing bad contracts). If its money spent wisely with a view towards on-ice success, that's all I care about.

I can’t name a single player on the Pirates, let alone tell you anything about the Red Sox, but if they hadn’t won any championships in like 100 years until this group came along - how is that bad?

I’m not following Boston fans gripes - but they are even more spoiled than us as fans so, who knows.

All I can gather is they don’t like to waste money (that’s bad?) and the wife of the big guy is bad news (and so?).

 

[edog37]

Because he’s a terrible GM?

He hasn’t even been on the job a year. Look, JR left him an aging core, a depleted farm system, & few draft picks. That’s fine because that approach got us two Cups, but there’s a price to pay. You think you as a fan are entitled to a Cup every year? I have news for you, there are down years & rebuilds. That’s how this works.

 

[Mr Jiggyfly]

Cliff notes version? I don't like reading his stuff.

On a random note, I always read his name as "Dijon", like the mustard, whenever I see him tweet.

He reminds me so much of my arrogant and know it all uncle that I almost beat the shit out of one Thanksgiving.

Thankfully my mom ushered me out of the room and I went home to cool off.

Total douche bag and I mean both.

 

[edog37]

I’m a Kings fan but also a big Liverpool fan and I like FSG as owners. They run a tight ship in terms of finances but have done a great job of increasing revenues and the club is light years ahead of it was when they saved us from going bankrupt. I doubt they will throw money at anything and everything, but they will improve the teams in terms of its infrastructure, training facilities, scouting etc. They will pay a lot of attention to things like advanced stats and very much believe in Moneyball type approaches. Every penny they spend will be for a specific purpose and reason, they waste nothing.

Liverpool are packed with players that have improved far more than anyone expected and have repeatedly made shrewd signings whilst not committing to overly long expensive contracts to veteran players. They will manage the cap well, you can be sure of that and they will see huge value in player development and getting the right coaches throughout the system. They screw up from time to time but they admit their mistakes and correct them, often publicly , which I particularly like.

They have kept us at Anfield, upgraded the stadium, built a new training facility and took us to our first title in 30 years. We’ve been neck and neck with Man City for 3-4 years by spending smart and getting value when selling players. What I really like is that if they pulled their backing tomorrow the club could run itself without them financially. Unlike the Glazier family at Man U they don’t take money out of the club, or run up debt on the club, profits go back into it. Great owners, but people complain because they don’t spend in reckless fashion and try to compete with the 2 Manchester clubs in overpaying for every big name on the market. LFC is one of the few clubs without a debt issue.

i like this approach. It values the logo, not the players’ names on the jersey. That’s how you build a perennial winner & not get yourself into cap hell.

 

[pistolpete11]

I only skimmed it, but the sell is for $900,000. The group approached the Pens not the other way around. They want to add an NHL team and an NBA team to their portfolio.

Man, what a deal. A NHL franchise for just a little bit more than league minimum.

 

[pistolpete11]

All these takes about the new ownership group just have me chuckling. Like, you think it's unusual or unique for a billionaire to only give a shit about hoarding more wealth and worrying about the bottom line? Woah, crazy stuff. We get to go from a scumbag megamillionaire rape apologist owner and scumbag pedo-adjacent owner to a late-stage capitalism billionaire scumbag owner.

But did you hear about his wife? She's apparently not a pleasant person.

 

[Al Smith]

Man, what a deal. A NHL franchise for just a little bit more than league minimum.

Gee for that much I could have put together a group of my ex-rural-Washington County Yinzer buddies together and out bid them. We’d a had ‘em hittin’ everything.

 

[Extra Texture]

As a Liverpool fan also FSG loves increasing revenue but hates spending any money...

Please explain that one. Increased revenue, sure, I've seen plenty of evidence on that front, and Stratto had more details in that regard.

But they clearly do not hate spending money. Liverpool had all the signs of building a good team in 2017, but had defensive issues. So they chased Virgil Van Dijk for 6 months, and then made him the world's most expensive defender. Then they needed another goal threat, and opened their wallet and showed great scouting acumen to bring in Salah. Then Loris Karius has an almighty meltdown in the CL. So they go and make Allison (briefly) the world's most expensive goalkeeper and get him in too. That's almost 180M GBP on 3 players, two of whom were kind of gambles, within 12 months. And your team was completely transformed on the way to a UCL win, and your first domestic title in 30 years.

They are not Man City, no. But when they clearly see an opportunity to get better, they seemingly have no problem opening the bank vault and getting it done. In a sport where stupid money is thrown around all the time, having some sense and picking your spots where/when to go all out is something to be admired, IMO.

I can’t name a single player on the Pirates, let alone tell you anything about the Red Sox, but if they hadn’t won any championships in like 100 years until this group came along - how is that bad?

I’m not following Boston fans gripes - but they are even more spoiled than us as fans so, who knows.

It's pretty astounding. When I was first getting into baseball, the Red Sox were the notorious "cursed" franchise. 86 years with no Championships. And here we are 20 years later, and they've not only broken that curse, but added 3 more titles, and done it with, essentially, 3 different sets of players. And they made the ALCS this year with a refreshed team, so there may yet be another title for them in the next few years.

I often think about that. An entire generation of Red Sox fans grew up, lived, and died with them being a constant source of futility. But this generation has been spoiled by comparison.

 

[pistolpete11]

I often think about that. An entire generation of Red Sox fans grew up, lived, and died with them being a constant source of futility. But this generation has been spoiled by comparison.

This generation of Boston fans has to be the most spoiled group of fans in the history of professional sports. 6 Superbowls. 4 World Series. A Stanley Cup. A NBA championship. Numerous other championship and conference final appearances. That's why these "They are cheapskates!" posts are so hilarious. Awwww I'm so sorry to hear that they won't spend $200M on the Red Sox payroll. That must be so hard for you.

 

[pistolpete11]

Gee for that much I could have put together a group of my ex-rural-Washington County Yinzer buddies together and out bid them. We’d a had ‘em hittin’ everything.

We as HFBPens could have bought the team and assigned @Randy Butternubs as GM!

 

[SomeDude]

I can’t name a single player on the Pirates, let alone tell you anything about the Red Sox, but if they hadn’t won any championships in like 100 years until this group came along - how is that bad?

I’m not following Boston fans gripes - but they are even more spoiled than us as fans so, who knows.

All I can gather is they don’t like to waste money (that’s bad?) and the wife of the big guy is bad news (and so?).

I assume they are angry that he is interfering with their God given right to spend more than the Yankees and Dodgers.

 

[Pens1566]

I have no issues with that. Business is business.

Me either. I think he'll extract a % that goes far and above what he was originally owed while keeping a chunk as "play money" while still being the local good guy. It's a smart play.

 

[Ugene Magic]

I'm gonna guess well that the difference in the 750.0 and the ask 900.0 is the purchase price difference of buying the developing property the igloo sat on.

 

[SEALBound]

How long do the new owners have to be in place before we ask them for a RoboPen 3rd?

 

[Lust for Life]

FSG are good owners. Not the best in the world, but far far better than A LOT of other owners. Feels good that Mario will still be on.

They are big on analytics (not only for Red Sox but they implemented a system in place for Liverpool as well, although it took a few years to come into fruition) so expect some movement in that direction over the coming years should the purchase happen.

 

[Gurglesons]

I only skimmed it, but the sell is for $900,000. The group approached the Pens not the other way around. They want to add an NHL team and an NBA team to their portfolio.

900,000? seems off

 

[Coastal Kev]

We as HFBPens could have bought the team and assigned @Randy Butternubs as GM!

Randy lives in his fears...........allegedly

 

[Gurglesons]

 

[GlennTheFrog]

I assume they are angry that he is interfering with their God given right to spend more than the Yankees and Dodgers.

Not to mention the NHL is hard cap league. We'll be up against the cap until it isn't smart to be, then we won't. Kinda figured that's what GMRH was gonna do anyway...