Fenway Sports Group is in "advanced talks" to buy the Penguins, the Wall Street Journal reported on Tuesday.
According to the report, the deal could potentially be finalized later this week. Terms of the potential deal aren't known.
Our Dejan Kovacevic reported that Mario Lemieux will retain a minority stake in the team, while Ron Burkle will be out. His full story is here.
Fenway Sports Group is a holding group that owns the Boston Red Sox and Liverpool F.C. of the English Premier League, as well as the stadiums for both teams. The group also owns the Red Sox's Low-A affiliate and part of the Red Sox's Triple-A affiliate, and 80 percent of the sports television network NESN.
John W. Henry is the principal owner of Fenway Sports Group, owning 40 percent. Other partners in Fenway Sports Group include billionaire brothers Ted and Bill Alfond, LeBron James, and James' business manager Maverick Carter.
