Mario Lemieux’s bid to buy Penguins back is well below estimated asking price, per report

Apparently, Mario Lemieux’s property group will have to write a larger check if he will buy the Pittsburgh penguins again. The initial offer of the property group led by Lemieux to buy the team at Fenway Sports Group is well below what FSG would consider sale, According to Sportsnet NHL Insider Elliotte Friedman.

Earlier this summer, it was reported that a property group led by Lemieux, his former Penguins, Ron Burkle and former Chief Executive Officer Dave Morehouse “Very interested” To buy FSG penguins, who bought the team from Lemieux group by 2021 for just under $ 1 billion.

Last month DK Pittsburgh Sports informed That the Lemieux group was ready to pay somewhere in the $ 1 billion strip for penguins, Who Worth was recently Valued by forbes to 1.75 billion dollars. It is reasonable to think that FSG uses the recent sale of Tampa Bay Lightning as a barometer. Lightning were recently sold for $ 1.8 billion.

At this point, there is no reason for FSG to do something, so this is a story that could drag for the predictable future. It is sure to say, however, that the Penguins fans are excited about the possibility that the EMIEUX will unite the franchise again at some point relatively soon.

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Lemieux, 59, is without a doubt the history of the franchise of most iconic figures. He captured the penguins on his return titles in the early 1990’s and was in the owner’s suite when Pittsburgh won his three most recent Stanley Cups in 2009, 2016 and 2017.

Penguins have not had the same success under FSG property. After making the playoffs every year of 2007-22, Pittsburgh has not been able to qualify for the post-season each of the last three years. The 80 points of the Penguins last season represented the lowest season of the franchise for a season of 82 games since 2005-06, which was the last season of Lemieux as a player and future of the first Hall of Famer Sidney Crosby.