PITTSBURGH (93.7 the Fan) After weeks of talk and negotiations, the sale of the Pittsburgh Penguins to Fenway Sports Group is officially official.
News first broke of a transition in ownership power in mid-November.
Original reports stated that the Boston based group would be stepping in as the main owners but Mario Lemieux would be sticking around as a minority owner.
Other reports from that time rumored that Lemieux's partner, Ron Burkle, would be selling his share of the team.
On Nov. 29 the Fenway Group and Penguins reached an agreement for a sale worth $900 million.
As predicted Lemieux still holding a stake, but Burkle remained involved, as well.
All the sale needed to be officially final is the approval from the NHL Board of Governeors.
On Thursday, Dec. 9, the NHL Board voted and approved the sale of the Penguins.
Basketball superstar LeBron James has invested in Fenway Sports Group, making him a technical part owner of the Penguins along with the other names involved.
