LeBron James and the Fenway Sports Group would like to make yet another huge investment as they are looking to close out a $900 million deal. Their target are the 5-time Stanley Cup winners, the Pittsburgh Penguins. They have their last two titles recently in 2016 and 2017. Fenway Sports Group will try to fund the Penguins in the best way possible as they will soon need to part ways with some of their legends. Sidney Crosby, Evgeni Malkin, and Kris Letang have been part of the team for more than 15 years. However, with each one of them being at least 34 years of age, it seems that we will witness an end to a whole era in the NHL soon.
The Lakers’ playmaker acquired partnership in Fenway Sports Group on March 31, 2021. Now, he is looking to become a part-owner in one of the biggest sports deals in the history. The deal is subject to some legal arrangements and it is projected to be finalized before the end of 2021. In addition to the Pittsburgh Penguins, Fenway Sports Group owns the Boston Red Sox, the NASCAR team, Roush Racing, and the football giant, Liverpool F.C.
Fenway Sports Group is a sports investment conglomerate that has achieved a lot of progress since its foundation in 2001. The American businessman, John W. Henry, owns 40% of stock in company, while the rest is spread among other influential characters in the sports industry.