Mario Lemieux turned a 1999 negotiation over $26 million in deferred salary into a Pittsburgh Penguins equity stake. The Pittsburgh Penguins and pittsburghpenguins.com are trademarks of Lemieux Group, LP. The Pittsburgh Penguins will celebrate these defining principles in the 3rd Annual Pride Game on December 12, 2022. "Mr. Burkle and Mr. Lemieux are orchestrating an unlawful cash-out for themselves, while steamrolling and freezing out their Limited Partners, including Wildfire," according to the complaint. [1], Last edited on 16 November 2022, at 03:04, Pittsburgh Penguins Owners 1965 to Present, "Penguins sold to Fenway Sports Group, Lemieux to retain stake in team", https://en.wikipedia.org/w/index.php?title=List_of_Pittsburgh_Penguins_owners&oldid=1122150305, Howard Baldwin, Moris Belzberg, Thomas Ruta, &, Fenway Sports Group, Mario Lemieux, Ron Burkle]], This page was last edited on 16 November 2022, at 03:04. "The Pittsburgh Penguins are a premier National Hockey League franchise with a very strong organization, a terrific history and a vibrant, passionate fan base," FSG chairman Tom Werner said in a statement. What Happened: A rumored deal between the Pittsburgh Penguins of the NHL and Fenway Sports Group was announced this week. Pittsburgh Penguins . 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. The Penguins' spot in Pittsburgh secure for years to come and with five Stanley Cup banners hanging from the rafters at PPG Paints Arena, Lemieux and Burkle are handing the keys over to the Fenway Sports Group. The Pittsburgh . The Pittsburgh Penguin will not be sold, but Lemieux will still have a stake in the team. The Pittsburgh Penguins sale to Mario Lemieux has netted him more than $350 million, thanks in large part to an unresolved payment issue that occurred during his playing career and prior to his retirement from the game. PITTSBURGH Ron Hextall has wasted a season in which Sidney Crosby and Evgeni Malkin have played every game for the Penguins. The outlook for the mobility industry is positive. Topics covered and forecasts based on current events. Liverpool . PITTSBURGH Wildfire Productions, a limited partnership that is among the minority owners of the Pittsburgh Penguins, has filed a lawsuit over the sale of the franchise to Fenway Sports. By the end of that 2014-15 campaign . Lemieux in a statement said FSG has an "organizational philosophy that mirrors the approach The Cleveland Indians have purchased a stake in the Pittsburgh Pirates from two-time NBA Most Valuable Player LeBron James for $900 million. The premium paid could be good news for NHL team owners such asMadison Square Garden SportsCorpMSGS, which owns the New York Rangers. CRANBERRY, Pa. -- Kasperi Kapanen was placed on waivers by the Pittsburgh Penguins on Friday. [7] Robert Nutting served as chairman of the board from 2003 to 2007, at which point he became majority owner of the franchise. "Great way to celebrate my bro's Birthday. The 41-year . I know I had a short conversation with the owners before I went on the ice for practice and we're really excited about the opportunity. Kieffer Bellows, the son of the elder Bellows, was selected 19th overall by the New York Islanders in the first round of the 2016 NHL draft. The average price per game for NFL tickets is set to 2021, according to the NFL. Mario Lemieux paid $107 million in 1999 to purchase the Pittsburgh Penguins from the then-Pittsburgh Pirates. 5 Best LeBron James Acting Roles Before Space Jam: A New Legacy, Do Not Sell My Personal Data/Privacy Policy. According to TSNs Rick Westhead, the Penguins may be unable to find a suitor. They love sports and I think they're in it for the long haul.". The companys products. She got the National Football League team to sign on . Burkle's family memorialized him as a "young man full of life" with a "humble demeanor" in a statement sent to the magazine. Cannonball, also known as Pitre because of his speed and hard shot, was born in Valleyfield, Quebec. The goaltending has been uneven. Stanley Cup Final | Avalanche vs. According to a source, he now owns roughly 40% of the team, and Burkle, with a 25% stake, initially sought to buy the Pittsburgh Pirates and a development site for more than $700 million. The Penguins . Along with team ownership, Fenway Sports Group owns Fenway Park and Anfield Stadium. Prior to 1946, the club presidents performed the current duties of general manager. [5] Barney Dreyfuss purchased the franchise in 1900, bringing players including Honus Wagner and Fred Clarke with him from the Louisville Colonels, which he had previously owned. These guys have a proven track record. "When we got involved with Red Sox they hadn't won a World Series in 84 years," he said referring to the championship drought in Boston when the group purchased the Red Sox. Mario Lemieux is the first player to own a North American sports team, owning the Montreal generals. This table displays the most recent key figures for each country and region. 171. Now we have three Stanley Cups. The PittsburghPenguins franchise in the National League has a market value of approximately $350 million as of 2016. Daily newsletters such as the Huddle Up provide a quick overview of the business and financial dealings of sports. 2023 Cox Media Group. [8], List of Pittsburgh Pirates owners and executives, Last edited on 4 September 2022, at 16:30, National Baseball Hall of Fame and Museum, "Pittsburgh Pirates History & Encyclopedia", "Benswanger, Out of Game, Relaxes By Writing History of Baseball", "The Pittsburgh Press - Google News Archive Search", https://en.wikipedia.org/w/index.php?title=List_of_Pittsburgh_Pirates_owners_and_executives&oldid=1108477460, Seasons; each is linked to an article about that particular season, Division titles: number of division titles won by the general manager, Pennants: number of pennants (league championships) won by the manager. "They see a great future for us, and that's why they're making the investment.". This is a regrettable situation where a single limited partner is claiming rights to which they are not entitled, and it has no impact on our transaction with the Fenway Sports Group, who are fully committed to the Penguins winning in Pittsburgh for decades to come.. The Penguins moved across the street from the Mellon (Civic) Arena to PPG Paints Arena in 2010 while becoming one of the most sought-after tickets in the NHL. By: Patrick Damp/KDKA-TV. We look forward to working with Mario, Ron and the entire Penguins front office team.". A variety of newsletters you'll love, delivered straight to you. "We're going to work with the community groups. Liverpool owners Fenway Sports Group have reached an amicable solution to end a legal dispute relating to their purchase of the Pittsburgh Penguins ice hockey team. He and Ron Burkle, who will also remain part of the ownership group, became majority owners of the Penguins in 1999. Minority owner resolves legal dispute over the sale of the Pittsburgh Penguins to Fenway Sports Group bizjournals.com - Tim Schooley 9h A Blair County-based minority owner which filed suit a year ago claiming it had been excluded from the decision to sell the Pittsburgh Penguins to Read more on bizjournals.com Fenway Sports Group I told him that to his face yesterday.". The price will vary on the size of the suite, the day of the week and the opponent. This section contains industry and market insights and forecasts. There was no financial information released. According to reports, the Pittsburgh Penguins asking price for potential buyers is significantly higher than the teams current market value. Five of the franchises Stanley Cup victories have come in the last 20 years. James and business partner Maverick Carter joined RedBird Capital in an investment round of Fenway Sports Group earlier this year. Consumer Reports Brand Reports are a critical source. Enter Search Term. Authorities have yet to publicly identify Burkle, People reports. Lemieux Group LP also worked out a deal with the city of Pittsburgh in 2007 for a new multi-purpose arena, ensuring that the franchise remains in Pittsburgh. Mario Lemieux, who was owed over $26 million in deferred salary." Werner and FSG's leadership met with the Penguins management and coaching staff prior to the game on Wednesday. I'm pretty happy for them, but I'm glad they're staying on.". "We are very happy with the team right now with the play on the ice," Werner said. The Pittsburgh Penguins want to hire a minority-owned firm to develop at least 250 residential units on the former Civic Arena site, representing nearly a quarter of the proposed housing. Instead, they have shared returns equally with their limited partners, and together they have made a substantial and positive impact on the City of Pittsburgh and the game of ice hockey. This industry report provides an overview of the market. I'm happy for them. "I think that the executive committee who interviewed the representatives of Fenway Sports Group were very excited about the expertise that they have in professional sports over a long period of time, how well they run their franchises, and the fact that they were excited, Fenway Sports Group, about joining the NHL," Commissioner Gary Bettman said. Mario Lemieux purchased the Pittsburgh Penguin hockey team in 1999 and transformed it from a bankruptcy into a perennial winner. Formula 1 owners Liberty Media are reportedly considering entering the bidding for a minority stake in Liverpool Football Club, with the Premier League club's owners said to be looking at major media companies for investment. Politics is a daily newspaper published by Society Reports. At the very least, no time soon. Fenway Sports doesn't have any emotional attachment to the Penguins or the city. Working with Fenway Sports Group for the past decade has taught LeBron and me so much about the business on a global scale and weve always believed it would lead to something bigger, Carter said at the time. They moved into a new arena, now called PPG Paints Arena, prior to the start of the 2010-11 season. The Penguins have steadied themselves following a bumpy start to the 2021-22 season. All rights reserved. 2022 CBS Broadcasting Inc. All Rights Reserved. Sign up for our email list to get it delivered directly to your inbox each morning by professional athletes, business executives, and casual sports fans. By 2021, the franchise is expected to have a market value of 900 million US dollars. David Morehouse, the CEO of the Pittsburgh Pirates, recently stated that if you had asked him 14 years ago if the Pirates could have put together a 14-year run of sellouts, he would have responded, No, youre crazy. This teams success is a tribute to their dedication to the game and their fans. To see all content on The Sun, please use the Site Map. To have them still with us, it's a big relief and obviously it was a big opportunity. Both the SEA and URA . As part of the deal, Penguins Hall of Famer Mario Lemieux and co-owner Ron Burkle will remain part of the franchise's ownership. Related Link: 5 Best LeBron James Acting Roles Before Space Jam: A New Legacy. Andrew Burkle was pronounced dead at his home in California after cops responded to a call about an unconscious man just before 7:30pm Monday, authorities told the Pittsburgh Tribune-Review. Box 500 Station A Toronto, ON Canada, M5W 1E6. The Pittsburgh Penguins were recently sold to the Fenway Sports Group for $900 million and former Penguins legend Mario Lemieux reportedly made a fortune This wild story details how Pittsburgh's financial woes led to Mario taking a large ownership stake in the team in the late 90s which is now reportedly worth $350 million in the sale Any other third party trademarks or copyrights are the property of their respective owners. The following year, the team was able to emerge from bankruptcy and continue operating. Mario Lemieux and Ron Burkle will continue to participate in the ownership group. Everyone he met commented on his humble demeanor and hard work. Burke and Hextall addressed the players about the sale being finalized before the team skated in Calgary on Monday morning. There have been 10 ownership groups for the Penguins franchise since the team's founding in 1967. The company declined to comment on the matter. The group filed a lawsuit late last month citing "clandestine back-room maneuvering. According to the New York Post, a disagreement on the value of the Pittsburgh Penguins between minority owners Mario Lemieux and Ron Burkle has forced the team off the market. SpringHill Media, a media company owned by James and Carter also saw a rise in valuation this year after the release of Space Jam: A New Legacy.. Thanks @a_burkle.". The forward did not practice after going without a goal for the 14th time in 15 games Thursday, a 7-2 . The FIVB world ranking is as follows: In 2010, LeBron James became an owner of the Pittsburgh Penguins, making him the first African American to have a stake in an NHL team. One of the most respected names in North American sports, the Rooney family has played a pivotal role in shaping the NFL into what it is today. Cleveland Indians superstar LeBron James has played for three NBA teams and has earned over $1 billion in his career. "This is a team that is an outstanding team on and off the ice. In addition to owning NHL and MLB teams, the company owns a NASCAR team (Roush Fenway), an English Premier League soccer club ( Liverpool), and a Major League Baseball team (Boston RedSox). When Marc-Andre Fleury was with the Pittsburgh Penguins he was more than just a fan favorite. PITTSBURGH, PA The Penguins have been sold. "In FSG, however, we met an experienced group of leaders with a passion to win championships and a vision that aligns with ours.". He is best remembered for his time with the Tampa Bay Lightning, the Anaheim MightyDucks, and the Washington Caps. Hockey is a sport that Im passionate about and I look forward to working with the leadership of the Penguins and my co-owners to help grow the game.. The global market for athletic footwear is valued at over $312 billion. Purchasing the team with his own money in 1975 for roughly $10 million, he has seen much success. ", First published on January 6, 2022 / 10:32 AM. By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. They are also one of the most valuable teams in the league, with a worth of $650 million according to Forbes. Penguins co-owners Mario Lemieux and Ron Burkle celebrate during a Downtown parade following the franchise's Stanley Cup win in 2009. Use arrows to navigate between autocomplete results. Penguins co-owner Mario Lemieux "The Pittsburgh Penguins are a premier National Hockey League franchise with a very strong organization, a terrific history and a vibrant, passionate fan. . Andrew Burkle was pronounced dead at his home in California after cops responded to a call about an. "[General manager Ron Hextall and president of hockey operations Brian Burke] addressed our players and our team this morning with respect to it. We made our living in large part from football. Fenway Sports Group has bought the Pittsburgh Penguins. The Pittsburgh Pirates have been owned by ten different groups since 1967. The technology market is expected to expand. PEP. The NHL Board of Governors voted on and unanimously approved the sale of the Pittsburgh Pirates to Fenway Sports Group on December 9, 2017. "As it relates to the Letang and Malkin, we know that they want to stay here and we'd like them to stay here," he said. All Rights Reserved. I live in Australia and they are the team most played on TV. NHL Championships: 5 (5 Stanley Cups) . Some pretty significant news on Tuesday as it was revealed that the Pittsburgh Penguins are on the verge of being sold to the Fenway . He also cited his age, saying that he is now in his 50s and does not have the same energy that he did when he was younger. "These guys have a proven track record," Sullivan said. NBA star LeBron James has played for three NBA teams and hashad $1 billion in career earnings including salary and endorsements. Lemieux, Pittsburgh's all-time leading scorer who won two Stanley Cups as a player in 1991 and 1992, would still maintain a minority stake in . The team, where it used to be in '99 and the early 2000s, they made a great investment. FSG received a reported $750 million investment from RedBird Capital Partners in March that valued the sports conglomerate at $7.35 billion. Mario Lemieux and Ron Burkle "will remain on as minority owners" of the Penguins once the team's purchase by Fenway Sports Group is approved by the NHL, with Lemieux "continuing to oversee hockey operations," according to Seth Rorabaugh of TRIBLIVE.com. Recent losses had seeds in third-line shortcomings. "It is with the deepest regret and sadness that we announce the death of Andrew C. Burkle on January 6, 2020 in Beverly Hills, California," the family wrote. PITTSBURGH Jim Rutherford spent his first season with the Penguins learning on the job, which wasn't how a veteran general manager expected things to go. Feb 24, 2023. "As the Penguins enter a new chapter, I will continue to be as active and engaged with the team as I always have been and look forward to continuing to build on our success with our incoming partners at FSG," Lemieux said. If no results appear, use Enter to do a full site search. This is a list of Pittsburgh Penguins owners. Learn about careers at Cox Media Group. (0:00 - 7:51) The Penguins, the most successful franchise in Pittsburgh for the past two decades, could soon . We will work diligently to continue building on the remarkable Penguins tradition of championships and exciting play, Fenway Sports Group Chairman Tom Werner said. He was owed more than $32 million in deferred salary and converted much of that money into equity in the Penguins, making him the first player in North American sports to own the team he used to play for. 16:00, 19 MAR 2022. They play in the National League Central division. The franchise was founded in 1967 as one of the first expansion teams during the leagues original expansion from six to twelve teams. the two men both significant minority owners of the NHL team . Mario Lemieux was a human highlight reel for much of the 1990s, but his best move may have come off the ice. Their rebuild was helped greatly by selecting goaltender Marc-Andre Fleury and centers Evgeni Malkin and Sidney Crosby in successive drafts from 2003-05, the core that helped Pittsburgh return to prominence and eventually a Stanley Cup in 2009. Facts about clubs. Sullivan, a Massachusetts native who attended high school and college in Boston, had a brief conversation with the new ownership group and called the sale a "win-win" for all involved. There is a wealth of information on politics and social issues. This new report provides an in-depth analysis of the worlds most important technology markets. Each brings a unique perspective and valuable insight to the table, which has helped the team achieve success both on and off the ice. Their fatherRon is the co-owner of the Pittsburgh Penguins hockey team. The Penguins have won the Stanley Cup five times (1991, 1992, 2009, 2016, and 2017). According to reports, FSG will pay around $900 million for the team, with current owners Mario Lemieux and Ron Burkle remaining in the ownership group. approved the reported $900 million purchase. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. Liverpool owner and Pittsburgh Penguins part owner Mario Lemieux, who will remain as part of the management following the FSG acquisition. Get browser notifications for breaking news, live events, and exclusive reporting. In 2011, James and Fenway Sports Group formed a partnership that has resulted in him owning 2% of the company. Forbes valued the team at $650 million in December 2020, ranking as the 11th most valuable NHL team. Court documents state Wildfire is seeking damages of more than $75,000 to rectify the harm caused by FSGs misconduct, a permanent injunction against further misconduct, and a jury trial on all issues. "It's the business side of the game," said defenseman Kris Letang, who has played his entire 16-season NHL career with the Penguins. However, Ron Burkle, a partner in the team, does not disclose his ownership stake. ", Despite the sale being a final, a limited partner, Wildfire Productions, is seeking to overturn it. A report from the Telegraph claims Fenway Sports Group [FSG], Liverpool . This spring, it brought on as an investor Los Angeles Lakers star LeBron James, who has said he ultimately wants to own an NBA team. "Penguins ownership saw their business collapse throughout the 1990s," Pompliano tweeted. Wheat can be used to breed tame penguins. Pittsburgh Penguins. ", The lawsuit is seeking to declare the sale of the team to Fenway Sports Group "null and void. Mobility is critical for a variety of reasons. From 2006 to 2021, the Pittsburgh Penguins franchise value (in U.S. dollars) will increase by 5%. Burkle's Internet Movie Database page lists him as an associate producer for the 2019 film Airplane Mode and an actor in the 1998 TV movie Breakfast with Einstein. Lemieux -- a Penguins legend who won two Stanley Cups as a player and three more as an owner -- will remain with the franchise in a limited ownership role, as will Burkle. This station is part of Cox Media Group Television. He will pocket over $350 million in the team's sale. In 1998, the team filed for Chapter 11 bankruptcy protection in an effort to keep the team afloat. Lemieux has said that he does not have the time to devote to the team that he did when he first bought the team, and that it is time for someone else to take over. The team is currently owned by Mario Lemieux and Ron Burkle, who have been working to turn the team around. "We are particularly excited to welcome Mario Lemieux and Ron Burkle to FSG and have the utmost respect for all they have done to build the Penguins into the perennially successful franchise we know today. With Lemieux as owner, the Penguins have won the Stanley Cup three times (2009, 2016, 2017). Lemieux, who previously owned the team, is owed more than $32 million in deferred salary, and he converts much of that money into equity in the team in order to become the teams owner. Its a slight premium to Sporticos $850 million valuation, putting the Pens just outside the top ten most expensive teams in the NHL. The Pittsburgh Penguins' sale to Fenway Sports Group was unanimously approved by the NHL Board of Governors on Thursday. Channel 11 has reached out to attorneys for Wildfire for a comment on the lawsuit. Reply . In announcing the Penguins' sale to Fenway Sports Group, Pittsburgh executive and former player Mario Lemieux said the Stanley Cup-winning club "met an experienced group of leaders with a passion . John Henry is its principal owner, and NBA player LeBron James is among its partners. The approval from the Board of Governors comes less than two weeks after the Penguins reached an agreement for Fenway Sports Group to acquire controlling interest in the team. Seasons: 55 (1967-68 to 2022-23) NHL Playoff Appearances: 37. Updated 15:07, 21 MAR 2022. "They have an organizational philosophy that mirrors the approach that worked so well for Ron and me over the past 22 years.". All rights reserved. The Pittsburgh Penguin have sold out every game for the past 14 years. Pittsburgh Penguins, American professional ice hockey team based in Pittsburgh, Pennsylvania. The Penguins have been able to maintain their value due to their on-ice success, strong fan base, and good business management. Finally, the NHL this month approved the sale of the Penguins to FSG for the reported $900 million. The Penguins were on the brink of collapse when Lemieux one of the greatest players in NHL history during a 17-year career teamed up with Burkle to keep the franchise afloat. This lawsuit comes after the Penguins ownership group, FSG and the NHL all agreed to the sale of the franchise for a reported $900 million. SUNRISE, Fla. Jeff Skinner scored twice and Craig Anderson made 53 saves against his former team to lead the Buffalo Sabres to a 3-1 win over the Florida Panthers on Friday night. "Andrew was known as a young man full of life and entrepreneurial energy. [3] The franchise's second general manager, Branch Rickey, was elected to the Hall of Fame in 1967. After 16 years at the head of the Penguins organization, Morehouse informed new owners, the Fenway Group, that he was stepping down. It is a priority for CBC to create products that are accessible to all in Canada including people with visual, hearing, motor and cognitive challenges. The top 10 male soccer teams in the world, as ranked by FIFA. The Pittsburgh Pirates announced on Monday that a deal had been reached with the NHLs Board of Governors, which must approve it. The franchise was founded in 1967 as one of the first expansion teams during the league's original expansion from six to twelve teams. Mario Lemieux will stay on as a minority shareholder. The third line has been unable to keep pace, and the team has suffered. A Hollidaysburg-based group named Wildfire Productions LP that's a minority owner in the Pittsburgh Penguins, has filed suit in a Delaware court alleging that Lemieux Group principals Mario. The 67-year-old reportedly invested $20 million in the franchise back in 1999, when he and dozens of minority owners bought the franchise out of bankruptcy for $107 million, according to the Tribune-Review. FSG closed on the acquisition . Beyond that, I'll leave it up to Hextall and [President of Hockey Operations Brian Burke].". This is a list of Pittsburgh Penguins owners. There will be no immediate changes to Pittsburgh's management structure. . Despite this, we met an experienced group of leaders with a passion for championships and a vision that was in line with our own. Consumer spending plans. >>>RELATED: New Pens ownership ranked among top team influencers in pro sports. During the game, Werner spoke with the media for the first time since the deal had been finalized and discussed a number of topics including the team itself, the Penguins' role in the community, and plans for the former site of the Civic Arena. The team is valued at $650 million by Forbes as of December 2020. As part of the Pittsburgh Penguins sale to Fenway Sports Group, Lemieux will receive more than $350 million as part of the deal. All three are successful businessmen in their own right and are passionate about the Penguins organization. December 30, 2021 / 10:15 AM Pittsburgh Penguins Minority Owners Some of the minority owners of the Pittsburgh Penguins include Andrew Murstein, Ronald Burkle, and Mario Lemieux. LeBron James Now Owns Part Of The Pittsburgh Penguins by Chris Katje, Benzinga Staff Writer December 1, 2021 6:27 PM | 3 min read NBA star LeBron James has played for three NBA teams and has had. The two put the Penguins on the market back in 2015 before eventually,at least officially anyway, removing the "for sale" sign as the team won back-to-back Stanley Cups in 2016 and 2017. He has recently become a member of the ownership group of the Pittsburgh Penguin after Fenway Sports Group purchased the team. For the 15th consecutive year, the Pittsburgh Pirates will play in the playoffs, tying the record for the longest active streak in major North American professional sports. Pittsburgh's three professional sports teams announced Tuesday that they will strengthen their diversity, equity and inclusion efforts. Use arrows to navigate between autocomplete results. The Pittsburgh Penguins are a professional ice hockey team based in Pittsburgh, Pennsylvania. 1 With the purchase, Fenway Sports Group added the Penguins to its ownership roster, which includes the Boston Red Sox of Major League Baseball, Liverpool of the English Premier League, Roush Fenway Racing of NASCAR, and Fenway Park. The group also owns the New England Sports Network media company and a sports marketing and consulting firm Fenway Sports Management. View our online Press Pack. However, the team has continued to struggle financially and has filed for bankruptcy protection again in 2012. Its a coup for the Pittsburgh Penguin organization and Lemieux. The Pittsburgh Pirates are a Major League Baseball (MLB) franchise based in Pittsburgh, Pennsylvania.They play in the National League Central division. FSG also met with city officials about the redevelopment of the site of the former Civic Arena. Benzinga does not provide investment advice. Audience Relations, CBC P.O. Fenway Sports Group has reached an agreement with the Pittsburgh Penguins that would give the conglomerate controlling interest in one of the NHL's marquee franchises. Sportico valued the Penguins at $845 million last month. Wilkinsburg man facing charges after police find multiple missing juveniles in his home, Stolen property and money from drug dealing must be reported to the IRS as income, Pittsburgh ranked best city for beer drinkers, VIDEO: RAW: Mayor Peduto presents Key to the City of Pittsburgh to rocker Joe Grushecky, DOWNLOAD the Channel 11 News app for breaking news alerts, Massive police responses at 2 scenes in McKeesport; at least 1 person dead, officials say, PHOTOS: Police respond to situation in McKeesport, Woman, man dead after apparent murder-suicide in Penn Hills identified, Teen kidnapped in Cranberry during armed home invasion; Police believe family was targeted, No umps when Orioles and Pirates play unneeded bottom of 9th. PITTSBURGH (AP) Mario Lemieux and Ron Burkle rescued the Pittsburgh Penguins out of bankruptcy more than 20 years ago, a decision that helped . According to the Pittsburgh Business Journal, the Pittsburgh Pirates could sell their team for $850 million. It's great. There have been 10 ownership groups for the Penguins franchise since the team's founding in 1967. I think they're in it for the long haul.
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