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BOSTON (WBZ NewsRadio) — The Boston-based Fenway Sports Group is reportedly looking to buy the NHL's Pittsburgh Penguins. Red Sox president Sam Kennedy confirmed that information to the Boston Globe on Tuesday.
Globe Senior Sportswriter Kevin Paul Dupont told WBZ NewsRadio the purchase would probably cost around $750 million. L.A. Lakers star Lebron James joined the group earlier this year, bringing with him an infusion of cash worth more than $700 million.
Dupont said it wouldn't be the first time the team was under Boston-based ownership.
"This current ownership group, which is led by Mario Lemieux, the Hall of Fame center and one of the great players of the game. They bought the group from Roger Marino. Roger Marino grew up in Revere and was one of the founding partners of EMC in Hopkinton," Dupont said.
Though Dupont said he didn't expect a major change in the way the team was operated, ticket prices could rise.
"If I were a fan, I'd be prepared to see those prices start to jump up at the box office," he said.
The ownership group is valued at about $7.5 billion.
It's not the only professional hockey team that would have out-of-town ownership: the hometown Boston Bruins are owned by Buffalo, New York-based billionaire Jeremy Jacobs.
WBZ's Jim MacKay (@JimMacKayOnAir) has more:
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