The Fenway Sports Group, whose portfolio includes the Red Sox, is expected to buy the Penguins, according to The Wall Street Journal and Sportico. The report has been confirmed by ESPN.
The two sides are near an agreement and the FSG board will vote to approve the deal on Thursday, per Sportico. If the two sides can come to an agreement, the NHL board of governors will need to approve the deal.
FSG is backed by billionaire John Henry while Ron Burkle and Mario Lemieux have been the Penguins' majority owners since 1999.