Find out about the Pittsburgh Penguins' ownership history, group, year founded, minority and majority owners.
The Pittsburgh Penguins are another popular National Hockey League franchise and are owned by the Fenway Sports Group in the Pittsburgh Penguins. The team competes as a member of the Metropolitan Division in the Eastern Conference and was founded in 1967.
Who owns the Pittsburgh Penguins?
The Pittsburgh Penguins is currently owned by the Fenway Sports Group (FSG). The company acquired majority shares following the group's acquisition of the team in 2021 for $900 million.
Mario Lemieux and Ron Burkle, who were previously majority owners, continue to maintain minority ownership and are part of the Pittsburgh Penguins ownership structure.
Who is the Fenway Sports Group (FSG)?
The Fenway Sports Group Holdings, LLC (FSG), is a sports holding company owning some of the biggest sports teams globally. Its portfolio includes the Boston Red Sox (MLB), Liverpool FC (English Premier League), RFK Racing (NASCAR), and TGL's Boston Common Golf.
The Fenway Sports Group was founded by John W. Henry and Tom Werner. It also consists of other minority shareholders.
Pittsburgh Penguins ownership history
The Penguins has gone through a series of ownership changes since its founding in 1967.
Pittsburgh Investor Group with Jack McGregor as Governor (1965–1968)
An investment group from Pittsburgh was awarded an expansion team for the 1967–68 season, which cost around $2.5 million at the time, on February 8, 1966.
Jack McGregor became one of the first owners of the Pittsburgh Penguins alongside a group of local investors, including H. J. Heinz Company CEO H. J. Heinz II, Art Rooney, and Richard Mellon Scaife, according to Wikipedia.
Donald Parsons (1968–1971)
Donald Parsons purchased the Pittsburgh Penguins in March 1968 from Jack McGregor and became the club's managing partner.
Edward J. DeBartolo, Sr.
Edward J. DeBartolo, Sr, also owned the Pittsburgh Penguins NHL franchise before selling it to an ownership group led by Howard Baldwin.
Ownership Group led by Howard Baldwin
Mario Lemieux and Ronald Burkle
When were the Pittsburgh Penguins founded?
The Pittsburgh Penguins were founded in 1967. The team is currently one of the most successful, having won five Stanley Cup titles.