Liverpool owner FSG set for huge windfall after genius $900M investment
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Liverpool's owner, Fenway Sports Group, is reportedly in discussions regarding the potential sale of the National Hockey League franchise, the Pittsburgh Penguins.
Should the deal materialize, it could yield a substantial return on their investment.
The Boston-based FSG assumed control of Liverpool following its takeover in 2010.
Henry, which, as of 2021, also encompassed the Pittsburgh Penguins.
FSG purchased the ice hockey team for a reported $900 million four years ago.
This comes at a time when attendance figures are dwindling, according to The Athletic, and teams typically generate nearly half of their revenue from ticket sales.
However, this is not a reflection on Liverpool's owner
Ice hockey is currently undergoing a significant overhaul, with plans to introduce two new teams to expand the league in the next few years.
This expansion is expected to inject hundreds of millions of dollars into the NHL, significantly boosting the value of all teams within the league
Sportsnet's Elliotte Friedman suggests that FSG could potentially rake in around $1.75 billion if the group is to sell the Penguins, almost doubling its investment in just four years.
It's rumored that Henry is contemplating this possibility, with potential buyers already being considered.
The Athletic reported last month that the Hoffmann Family - a Chicago-based group that owns the minor professional hockey team Florida Everblades - is a potential contender
While discussions are reportedly ongoing, FSG continues to "operate as usual."
A more recent report from The Athletic suggests that a group including former owner Mario Lemieux, who sold to FSG, along with Ron Burkle and David Morehouse, is "still intrigued" by the prospect of reclaiming the Penguins.
Ultimately, the group's ability to pull off such a deal has been called into question as the asking price is believed to be far beyond its capabilities.