Post Gazette · Jun 3, 2015
Sources: Penguins owners explore sale of team
Penguins co-owners Mario Lemieux, left, and Ron Burkle ride in the team's Stanley Cup victory parade through Downtown Pittsburgh.Penguins owners Mario Lemieux and Ron Burkle are considering selling at least a portion of the team.
They have retained Morgan Stanley to explore their options, which include selling all, some or none of their interest in the franchise, according to multiple sources.
TSN, a Canadian TV network, first reported the news.
“It’s not like there’s a ‘For Sale’ sign out, but that’s a definite possibility,” a source who is familiar with the situation but requested anonymity said.