Fenway Sports Group is in advanced talks to purchase the Pittsburgh Penguins, a source confirmed to ESPN on Tuesday.
Ron Burkle and Mario Lemieux have been the Penguins' majority owners since 1999. The Wall Street Journal and Sportico were the first to report on the potential sale.
The agreement still needs to be approved by the Fenway Sports Group board, and then will be subject to NHL approval. The NHL's Board of Governors must approve any potential sale.
Billionaire John Henry is the principal owner of Fenway Sports Group, whose portfolio includes the Boston Red Sox of MLB, Liverpool of the EPL, and Roush Fenway Racing of NASCAR.