The Pittsburgh Penguins have given fans with good news on a day already expected to fill the city with pride and excitement: team spokesman Tom McMillan confirmed Thursday that the Penguins are no longer for sale. For over a year now, the team's owners, Ron Burkle and Mario Lemieux, have explored the option of selling all or part of the team. This was done after they hired Morgan Stanley to review and assess the strategic options. While the team has been valued at $700 million, there are ... Read More
Report: Potential buyer expected to submit offer for Penguins
A group of investors is expected to make on offer to buy the Pittsburgh Penguins within the week, according to a report by Patty Tascarella of the Pittsburgh Business Times. The report cited a sale price between $700 and $850 million. In 2014, Forbes Magazine valued the Penguins at $565 million. Sale prices of sports franchises have grown exponentially over the past few years. The Los Angeles Dodgers sold for $2 billion in 2012. The New Jersey Devils were sold for $320 million in ... Read More
Lemieux, Pittsburgh have an unbreakable bond
This may be a bold statement, but I’m going to make it anyway. There is no organization in all of sports with the history and success of the Pittsburgh Penguins that owes it all to one man. Obviously, that man is Mario Lemieux. That’s why when the news breaking late on Wednesday that Lemieux, along with business partner Ron Burkle, was exploring the possibility of selling his stake in the team, sentiments were strong in the Steel City. It’s not that there is a fear of the team leaving, ... Read More
Penguins possibly up for sale
Bob McKenzie of TSN is reporting that Penguins ownership has hired Morgan Stanley to look into a possible sale of some or all of the team. Pittsburgh Penguins potentially for sale. Details here: http://t.co/tx969HujjP #TSN — Bob McKenzie (@TSNBobMcKenzie) June 3, 2015 Dave Molinari of the Pittsburgh Post-Gazette reports that Penguins owners Mario Lemieux and Ron Burkle are interested in keeping some stake in the team and that the hiring of Morgan Stanley doesn't mean they are going to sell ... Read More
Top 5 moments at the Mellon Arena
Mellon Arena, also known as the Civic Arena and nicknamed “The Igloo,” was constructed with nearly 3,000 tons of Pittsburgh steel and was the first retractable major-sports venue in the world. From 1967 to 2010, it essentially served as the home to the Pittsburgh Penguins. Within the span of 40-plus years, Mellon Arena hosted infinite memories. These memories remain alive in the city of Pittsburgh even though our beloved Igloo is no longer with us. What are with us, however, are the ... Read More
Pittsburgh Penguins’ Regime Change Will Give New Meaning To ‘Ice Bucket Challenge’
(Photo: Pittsburgh Penguins) As the #IceBucketChallenge summer rolls along, it reminds us that the Pittsburgh Penguins are about to experience a splash of frigid water to the face. Even though general manager Jim Rutherford and head coach Mike Johnston have been in place since June, the realities of the new regime probably haven't taken hold for most of the Penguins yet. That will change in a few weeks when training camp begins. For five years, the Penguins had the luxury of a consistent ... Read More
Pittsburgh March Madness – Final Four
After a few days off, it's time for the Final Four of Pittsburgh March Madness. For two weeks, the fans have voted for 64 different athletes as they went head-to-head in a March Madness-type bracket. We here at Pittsburgh Sporting News ranked 64 of the most influential athletes, coaches and announces throughout the history of our prestigious city. After many upsets and questionable picks, only four remain. North Side Region: #1 Mario Lemieux - The savior of the Penguins franchise both ... Read More
Crosby is great, but hasn’t passed Jagr….yet
Penguins fans are spoiled when you really think about it. While there were some dark years in the 'Burgh, (Rico Fata and Ramzi Abid anyone?), for the better part of 30 years, the fans have been treated to some of the best talent on the ice. Since The Magnificent one Mario Lemieux debuted for the Penguins in October of 1984, the talent kept coming on the ice in Pittsburgh. Ron Francis, Kevin Stevens, Larry Murphy, Joe Mullen, Rick Kehoe, Tom Barrasso and more have all earned the right to be ... Read More
NHL needs to name new divisions after legends
It's been rumored for awhile and hockey fans have been awaiting confirmation that realignment will take place. The NHL Board of Governors have agreed to the proposed realignment plan. In case you're wondering, it actually does make sense this time. No more Winnipeg in the East (poor guys). No more Columbus in the West. That makes as much sense as Indianapolis being in the AFC South, right? The league is going to go with the realignment plan starting next year. The proposed plan has ... Read More