FSG to sell ANOTHER stake as Boston Celtics invite bids

Liverpool owners Fenway Sports Group (FSG) are reportedly exploring the sale of a minority stake in their NHL ice hockey side, the Pittsburgh Penguins.

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According to ESPN, FSG still intend to remain in control of the franchise and any potential sale would require NHL approval.

The move would echo FSG's 2023 deal with Dynasty Equity, which saw the investment firm acquire a minority stake in Liverpool.

FSG bought the Penguins in 2021 for $900m (£720m), adding them to a portfolio that included Liverpool and the Boston Red Sox of Major League Baseball.

The Penguins have struggled under FSG ownership, however, and are currently sitting rock bottom of the Metropolitan Division in the Eastern Conference, facing the prospect of missing the NHL playoffs for a third consecutive season.

It's been a significant decline for a franchise that won three Stanley Cups between 2009 and 2017 under their previous owners - Ron Burkle and club legend Mario Lemieux, who rescued them from bankruptcy in 1999.

FSG linked with Liverpool sale

According to ESPN sources, the exact percentage of the stake has yet to be determined, though FSG will maintain their position as controlling owners.

The Penguins recently secured the future of star player Sidney Crosby, 37, who signed a two-year contract extension in September. FSG have reportedly stated their ambition to help Crosby win more Stanley Cups with Pittsburgh.

However, that commitment is yet to be matched at Anfield with a similar contract for Mohamed Salah.

FSG have recently been linked with a move for the NBA's Boston Celtics, a mammoth deal that would require an investment of at least $6 billion.

John Henry's group have been in charge at Anfield for well over a decade, earning the biggest prizes in football including the Premier League and Champions League.

However, in recent times there has been speculation that FSG could be open to a sale, with Tesla billionaire Elon Musk linked with a takeover.

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