Liverpool owners Fenway Sports Group (FSG) are reportedly on the verge of reaching an agreement to purchase a controlling stake in American ice hockey team, Pittsburgh Penguins.
A deal for the NHL side could be finalised later this week providing talks do not break down, the Wall Street Journal have claimed.
The full cost of this potential sale is yet to be formally disclosed, though the Penguins' recent valuation of $845 million by Sportico provides an indication of just how significant this investment could be.
READ MORE: Liverpool and FSG set for big payout as 'late bid' leads to £400m boost
Such a move may well have been made possible by the £533million stake purchased in FSG by RedBird Capital Partners back in March, which has helped provide financial stability at a time of uncertainty during the pandemic.
In addition to Liverpool, FSG boast other assets such as Boston Red Sox, Roush Fenway Racing and NESN as they look to continue expanding their business portfolio.
Speaking in April, Red Sox president and CEO Sam Kennedy said the organisation was open to purchasing an NBA or NHL team.
“We’re a huge admirer of the National Basketball Association and obviously the National Hockey League, it represents a natural place for Fenway Sports Group to look,” he said in a Sportico webinar.
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