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October 07, 2015 1:30 AM ET


Company Overview of Lemieux Group L.P.

Company Overview

Lemieux Group L.P. owns and operates, The Pittsburgh Penguins, a professional hockey team that plays in the National Hockey League. Lemieux Group L.P. was founded in 1967 and is based in Pittsburgh, Pennsylvania.

1001 Fifth Avenue

Pittsburgh, PA 15219

United States

Founded in 1967





Key Executives for Lemieux Group L.P.

Chief Executive Officer and President
Age: 54
Chairman of the Board
Age: 63
Chief Operating Officer
Director of Player Personnel
Compensation as of Fiscal Year 2015.

Lemieux Group L.P. Key Developments

The Pittsburgh Penguins Reportedly Seeks to Sell for $750 million

Lemieux Group L.P. is asking for a record $750 million for the franchise but might accept less if a potential buyer is willing to forgo development rights on the old Civic Arena site, sources told Trib Total Media on September 1, 2015. Government officials said the ownership group, led by Mario Lemieux and billionaire Ron Burkle, could sell the team and retain the exclusive development rights to the 28-acre site.

Penguins To Reportedly Meet Prospective Ownership Groups

Lemieux Group L.P. plans to hold discussions with prospective ownership groups that have received advance approval from the National Hockey League.

Pittsburgh Penguins Reportedly In talks To be Sold

According to Patty Tascarella of Lemieux Group L.P., an unnamed group of investors is expected to submit a bid for the Penguins organization within the next week, and the team could sell for anywhere from $700 million to $850 million. While it looks as though a sale could be imminent, Lemieux expressed a desire to remain involved with the Penguins in a partial ownership capacity moving forward, according to a statement via McKenzie.

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