As the Pittsburgh Penguins’ former ownership group continues to explore the possibility of buying back into the team, the Post-Gazette’s Jason Mackey broke down the potential pros and cons of the move. Fenway Sports Group has said that they’re only interested in selling a small portion of the Penguins, which appears to be something that interests Mario Lemieux and his former leadership group. However, Mackey wonders if there a path to where FSG would consider a full sale. There is precedent for FSG principal owner John Henry selling a team just a few years after purchasing it. As Mackey notes, in 1999, FSG purchased the MLB’s Marlins for $150MM, only to sell them three years later for $158.5MM. With the Penguins largely struggling since FSG’s purchase of the franchise, and the team now fully engaged in a rebuild, now could be the right time make a business decision. Even if Lemieux and his partners were to return as minority owners, Mackey emphasizes how meaningful that would be for the city.
Elsewhere around hockey:
- The Team Canada National Junior Team has announced its roster for the National Junior Summer Showcase, per a team release. The 44-player roster features 22 first-round picks and eight second-rounders. Some of the names added to the roster include New York Islanders’ 2025 first-overall pick Matthew Schaefer, San Jose Sharks’ 2025 second-overall pick Michael Misa, and Cayden Lindstrom, selected fourth overall by the Columbus Blue Jackets in 2024. Of note, eight first-round selections were listed as players who were invited, but unable to attend, including 2025 draft picks Caleb Desnoyers, Roger McQueen, and Carter Bear. The tournament is set to take place from July 27 to August 2 and serves as a precursor to the 2026 IIHF World Junior Championship.
- Chicago Blackhawks 2025 first-round pick Mason West is committed to his future in hockey, but that hasn’t stopped college football programs from reaching out to the 17-year-old, reports The Athletic’s Scott Powers. The 6’6″, 218-pound forward also starred as a high school quarterback in his native Minnesota. While NCAA football programs have continued to contact West after being drafted 29th overall by the Blackhawks, he has remained steadfast in his commitment to hockey, per his high school football coach, Jason Potts. Potts said West has continued to receive interest, noting, “Recruiting is out of hand… But again, Mason’s just focused on his goals and what he wants to do. And he’s really good at blocking distractions out and then just enjoying the experience.”
Selling when they did and then wanting to buy back so soon so badly…?
Did they really need to get liquid at that moment?
Did they think the RSN bubble bursting would cause franchise values to decline and realize they were wrong?
This would be the less classic but still not genius “selling high and buying much higher not longer after selling high.” Makes no sense without some missing pieces filled in…
On one hand it’s nice to be good at two sports, but you just hope Mason West makes the right choice on which one to go forward with.
That should be one of the most stacked junior teams Canada has had in years, assuming most will not be in the NHL this year. Can’t wait to see how management screws it up by leaving some of the top talent at home. Keep Dave Cameron far away from these poor kids.