Just over the two decades since the Pittsburgh Penguins were rescued from financial ruin, its owners are ready to cash in.
As first reported by the Wall Street Journal and furthered by several other outlets, Fenway Sports Group, which owns the Boston Red Sox, Liverpool F.C., and part of the RFK Racing NASCAR team, are in talks to purchase the Penguins, who were last valued at well over $800 million.
Elliotte Friedman described the talks as "advanced" on the Jeff Marek Show on Sportsnet 590 The Fan on Wednesday afternoon.
Any sale would have to be approved by the NHL's Board of Governors.