{"id":260495,"date":"2026-08-31T19:02:27","date_gmt":"2026-08-31T19:02:27","guid":{"rendered":"https:\/\/sports.runfyers.com\/index.php\/2026\/08\/31\/for-first-time-since-1999-mario-lemieux-no-longer-part-of-penguins-ownership-group-report\/"},"modified":"2026-08-31T19:02:27","modified_gmt":"2026-08-31T19:02:27","slug":"for-first-time-since-1999-mario-lemieux-no-longer-part-of-penguins-ownership-group-report","status":"publish","type":"post","link":"https:\/\/sports.runfyers.com\/index.php\/2026\/08\/31\/for-first-time-since-1999-mario-lemieux-no-longer-part-of-penguins-ownership-group-report\/","title":{"rendered":"For first time since 1999, Mario Lemieux no longer part of Penguins ownership group: Report"},"content":{"rendered":"<p><\/p>\n<div id=\"article-content\" data-postid=\"5211712\" data-slug-id=\"2829933\">\n<div class=\"vidazoo-player-container\">\n<span class=\"vidazoo-close-btn  hidden \"><br \/>\n<br \/>\n<\/span><\/p>\n<\/div>\n<p>Mario Lemieux no longer owns a stake in the <a href=\"https:\/\/www.sportskeeda.com\/us\/nhl\/pittsburgh-penguins\" target=\"_blank\" rel=\"noopener noreferrer\" data-is-sponsored=\"false\">Pittsburgh Penguins<\/a>, ending his formal connection to the team as an owner for the first time since 1999.<\/p>\n<p>Two sources told <a href=\"https:\/\/www.dkpittsburghsports.com\/team\/site-stuff\/feed?page=0&amp;content=mario-lemieux-out-penguins-ownership-ron-burkle-nhl-dk\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-is-sponsored=\"false\">DK Pittsburgh Sports<\/a> that Lemieux and longtime business partner Ron Burkle have sold their remaining shares. Lemieux had kept a small stake after Fenway Sports Group bought the Penguins for $900 million in 2021, while Burkle had held a larger share.<\/p>\n<p>Both now own zero shares after FSG sold the Penguins to the Hoffmann Family of Companies for $1.75 billion earlier this year.<\/p>\n<p>Lemieux had also tried to put together a group to buy the Penguins back, but the Hoffmann family ultimately won the bidding. That leaves the 60-year-old without an ownership role with the franchise he has been connected to since being selected No. 1 overall by Pittsburgh in the 1984 NHL Draft.<\/p>\n<p><template id=\"also-read-articles-template\"><\/p>\n<p><\/template><\/p>\n<p>There is still a chance Lemieux could remain around the team in some way. Penguins governor Geoff Hoffmann said in June that he would welcome Lemieux&#8217;s involvement.<\/p>\n<blockquote><p>\u201cMario and I have spent some time together,\u201d Hoffmann said. \u201cHe\u2019s been as good as advertised, I think. Just a great, great guy. I\u2019m really hopeful that he&#8217;ll be a part of this in whatever way, shape or form makes sense for him. We\u2019d love for him to be part of it. We know what he means to the Penguins, what he means to the city and what he means to the NHL. Everybody would embrace him with open arms.\u201d<\/p><\/blockquote>\n<p>One possibility, according to a source, is for Lemieux to keep a suite at PPG Paints Arena for himself, his family and friends. He has also said he would like to maintain a presence around the Penguins even without an ownership stake.<\/p>\n<hr\/>\n<h2>Mario Lemieux&#8217;s Penguins legacy was built long before his latest exit<\/h2>\n<figure class=\"image\"><noscript><img decoding=\"async\" class=\"sk-app-thumbnail\" alt=\"A star recognizing Mario Lemieux, the No. 1 pick in the 1984 NHL Draft by the Pittsburgh Penguins - Source: Imagn\" src=\"https:\/\/staticg.sportskeeda.com\/editor\/2026\/08\/dedd9-17881976165112-1920.jpg\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" class=\"lazy-img\" width=\"1920\" height=\"1280\" data-img=\"https:\/\/staticg.sportskeeda.com\/editor\/2026\/08\/dedd9-17881976165112-1920.jpg\" data-srcset=\"https:\/\/staticg.sportskeeda.com\/editor\/2026\/08\/dedd9-17881976165112-1920.jpg?w=190 190w, https:\/\/staticg.sportskeeda.com\/editor\/2026\/08\/dedd9-17881976165112-1920.jpg?w=720 720w, https:\/\/staticg.sportskeeda.com\/editor\/2026\/08\/dedd9-17881976165112-1920.jpg?w=640 640w, https:\/\/staticg.sportskeeda.com\/editor\/2026\/08\/dedd9-17881976165112-1920.jpg?w=1045 1045w, https:\/\/staticg.sportskeeda.com\/editor\/2026\/08\/dedd9-17881976165112-1920.jpg?w=1200 1200w, https:\/\/staticg.sportskeeda.com\/editor\/2026\/08\/dedd9-17881976165112-1920.jpg?w=1460 1460w, https:\/\/staticg.sportskeeda.com\/editor\/2026\/08\/dedd9-17881976165112-1920.jpg?w=1600 1600w, https:\/\/staticg.sportskeeda.com\/editor\/2026\/08\/dedd9-17881976165112-1920.jpg 1920w\" alt=\"A star recognizing Mario Lemieux, the No. 1 pick in the 1984 NHL Draft by the Pittsburgh Penguins - Source: Imagn\" data-img-low=\"https:\/\/staticg.sportskeeda.com\/editor\/2026\/08\/dedd9-17881976165112-1920.jpg?w=640\" src=\"data:image\/svg+xml,&lt;svg%20xmlns=%22http:\/\/www.w3.org\/2000\/svg%22%20viewBox=%220%200%201920%201280%22&gt;&lt;\/svg&gt;\"\/><figcaption>A star recognizing Mario Lemieux, the No. 1 pick in the 1984 NHL Draft by the Pittsburgh Penguins &#8211; Source: Imagn<\/figcaption><\/figure>\n<p>Mario Lemieux&#8217;s name has been tied to the Penguins for decades, first as their star player and later as part of the ownership group.<\/p>\n<p>He won two Stanley Cups with Pittsburgh as a player, lifting the trophy in 1991 and 1992. He then watched the Penguins win three more during his time as an owner, in 2009, 2016 and 2017.<\/p>\n<p>Lemieux is still Pittsburgh&#8217;s career leader in goals with 690. His 1,723 points and 1,033 assists are both second in team history, behind Sidney Crosby&#8217;s 1,761 points and 1,107 assists.<\/p>\n<p>His ownership of the Penguins also came at an important time for the franchise. When Pittsburgh filed for bankruptcy in 1998, Lemieux was owed more than $32.5 million in deferred salary. He agreed to turn that money into equity, helping him and Ron Burkle take control of the team on Sept. 3, 1999.<\/p>\n<p>Mario Lemieux was also involved in keeping the Penguins in Pittsburgh several years later. The team reached an agreement for a new arena in 2007 and signed a 30-year lease that was set to keep the franchise in the city through 2040.<\/p>\n<div class=\"article-post-rating-widget\">\n<p><template id=\"post-rating-feedback-modal-template\"><\/p>\n<div class=\"post-rating-feedback-feedback-box\">\n<div class=\"post-rating-feedback-content\">\n<div class=\"post-rating-feedback-data\">\n<p>Why did you not like this content?<\/p>\n<p><textarea id=\"dislike-feedback-text\" rows=\"4\" placeholder=\"Please type your feedback...\"\/>\n<\/div>\n<\/div>\n<p>\n<button class=\"close\">Cancel<\/button><br \/>\n<button class=\"submit\">Submit<\/button>\n<\/p>\n<\/div>\n<p><\/template><\/p>\n<div class=\"post-rating-widget-parent hidden\">\n<div class=\"rating-parent-container\">\n<div class=\"rating-content-holder\">\n<p>Was this article helpful?<\/p>\n<div class=\"post-rating-action-container\">\n<div class=\"like-container\">\n<button class=\"post-rating-like-button post-rating-button\" data-action=\"like\" title=\"like article\"><br \/>\n<img class=\"post-like-image post-rating-image\" data-lazy=\"\/\/staticg.sportskeeda.com\/like-articles\/upvote-icon-grey.svg\" height=\"20\" width=\"20\" loading=\"lazy\" alt=\"like selected\"\/><br \/>\n<\/button>\n<\/div>\n<div class=\"dislike-container\">\n<button class=\"post-rating-dislike-button post-rating-button\" data-action=\"dislike\" title=\"dislike article\"><br \/>\n<img class=\"post-dis-like-image post-rating-image\" data-lazy=\"\/\/staticg.sportskeeda.com\/like-articles\/upvote-icon-grey.svg\" height=\"20\" width=\"20\" loading=\"lazy\" alt=\"avatar selected\"\/><br \/>\n<\/button>\n<\/div>\n<\/div>\n<\/div>\n<p>\nThank You for feedback\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"tag-cloud\">\n<div class=\"tags-text\">\n<div class=\"scrollable-content-holder  article-padding\">\n<p class=\"article-p  \">Quick Links<\/p>\n<p><button id=\"pnAdvancerLeft\" class=\"pn-Advancer pn-Advancer_Left \" type=\"button\"><br \/>\n<img decoding=\"async\" style=\"background: none;\" src=\"https:\/\/staticg.sportskeeda.com\/skm\/assets\/article\/article-scroll-left.svg\" loading=\"lazy\"\/><br \/>\n<\/button><\/p>\n<nav id=\"pnProductNav\" class=\"pn-ProductNav\">\n<\/nav>\n<p><button id=\"pnAdvancerRight\" class=\"pn-Advancer pn-Advancer_Right \" type=\"button\"><br \/>\n<img decoding=\"async\" style=\"background: none;\" src=\"https:\/\/staticg.sportskeeda.com\/skm\/assets\/article\/article-scroll-right.svg\" loading=\"lazy\"\/><br \/>\n<\/button>\n<\/div>\n<p>More from Sportskeeda<\/p>\n<\/div>\n<\/div>\n<p>\n<span class=\"publisher-name\">Edited by Sonali Verma<\/span>\n<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.sportskeeda.com\/us\/nhl\/news-for-first-time-since-1999-mario-lemieux-longer-part-penguins-ownership-group-report\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mario Lemieux no longer owns a stake in the Pittsburgh Penguins, ending his formal connection to the team as an owner for the first time since 1999. Two sources told DK Pittsburgh Sports that Lemieux and longtime business partner Ron Burkle have sold their remaining shares. Lemieux had kept a small stake after Fenway Sports [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":260496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[6806],"tags":[],"class_list":{"0":"post-260495","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gossip"},"_links":{"self":[{"href":"https:\/\/sports.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/260495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sports.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sports.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sports.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sports.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=260495"}],"version-history":[{"count":0,"href":"https:\/\/sports.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/260495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sports.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/260496"}],"wp:attachment":[{"href":"https:\/\/sports.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=260495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sports.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=260495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sports.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=260495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}