Find out who owns the Pittsburgh Penguins, the owners' net worth, source of wealth, ownership history of the franchise.
The next on the list of sports teams owned by the Fenway Sports Group is the Pittsburgh Penguins of the National Hockey League.
The Pittsburgh Penguins are a household name in the National Hockey League (NHL) that competes as a member of the Metropolitan Division in the Eastern Conference. The Penguins were founded in 1967.
Who owns the Pittsburgh Penguins?
The Pittsburgh Penguins NHL franchise is currently owned by the Fenway Sports Group (FSG) who are the majority shareholders following the group's acquisition of the team in 2021 for $900 million.
Following the acquisition, Mario Lemieux and Ron Burkle who are the previous owners continue to maintain minority ownership and part of the structure of the NHL franchise.
Who is the Fenway Sports Group (FSG)?
The Fenway Sports Group Holdings, LLC (FSG), is a sports holding company that owns franchises across different sports globally.
The FSG portfolio includes the Boston Red Sox of the MLB, Liverpool FC in the English Premier League, the Pittsburgh Penguins of the NHL, NASCAR's RFK Racing, and TGL's Boston Common Golf.
The Fenway Sports Group was founded by John W. Henry and Tom Werner. The company also consists of minority shareholders who have also contributed to the company's rise in portfolio in terms of investment in teams and franchises.
According to figures, the Fenway Sports Group is valued at $12.95 billion based on its ownership of sports franchises across the United States and other parts of the world.
Pittsburgh Penguins Net Worth and Valuation
The Pittsburgh Penguins, as per figures obtained from Sports Pro Media is valued at around US$845 million in 2024.
Stadium and Arena
The Pittsburgh Penguins NHL franchise currently plays its home games at the PPG Paints Arena located in Pittsburgh. The stadium is a multi-purpose indoor arena with a seating capacity of 18,187.
The PPG Paints Arena can also accommodate a higher number of spectators for other competitions like Baseball and Arena football. It was built in 2008 at a construction cost of over US$321 million.
The PPG Paints Arena is one of the most popular sports venues in Pittsburgh and the NHL due to its abilities to host other sporting activities.
Pittsburgh Penguins Trophies and Achievements
The Pittsburgh Penguins are also successful when it comes to ranking the best teams in the franchise. The team has won over five NHL Stanley Cup titles with conference championships and division championships.
Pittsburgh Ownership ownership history
The Penguins has gone through a series of ownership throughout its founding 1967.
Jack McGregor & Peter Block (1965–1968)
Jack McGregor & Peter Block were the first owners of the Pittsburgh Penguins.
Founding Year
The Pittsburgh Penguins were established in 1967, the same year they became part of the National Hockey League.
Conference and Division
The Penguins are a member club of the Eastern Conference Metropolitan Division.
Colours and Nicknames
The team's official colours includes black, gold, yellow, and white. It is commonly referred to as the Pens.