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      FSG in talks to buy Pittsburgh Penguins

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      Borg
      • Forum David Johnson
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      FSG in talks to buy Pittsburgh Penguins
      Nov 16, 2021 08:14:39 pm
      https://www.wsj.com/articles/boston-red-sox-owner-fenway-sports-in-talks-to-buy-pittsburgh-penguins-11637092211?mod=rss_markets_main

      Sorry about the Wall Street Journal pay wall.
      Sorry about not being able to post this info in the currently "closed" FSG thread.

      If anyone with access to the article can post details...most appreciated
      « Last Edit: Nov 17, 2021 12:26:36 pm by JD »
      FATKOPITE10
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      Re: FSG in talks to buy......
      Reply #1: Nov 16, 2021 08:19:48 pm
      https://www.wsj.com/articles/boston-red-sox-owner-fenway-sports-in-talks-to-buy-pittsburgh-penguins-11637092211?mod=rss_markets_main

      Sorry about the Wall Street Journal pay wall.
      Sorry about not being able to post this info in the currently "closed" FSG thread.

      If anyone with access to the article can post details...most appreciated


      P p p p p pick up a penguin
      CT_LFC
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      Re: FSG in talks to buy......
      Reply #2: Nov 16, 2021 08:31:53 pm
      Interesting acquisition. They aren't very good and the next couple of years will be big for the team as Crosby and Malkin age out and need proper replacements. They almost went bankrupt years ago and Lemieux came in and bought them (with another partner) saving the day, with the effects of covid probably making them want to sell.
      waltonl4
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      Re: FSG in talks to buy......
      Reply #3: Nov 16, 2021 09:24:18 pm

      they must be feeling peckish
      -LFC-
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      Re: FSG in talks to buy......
      Reply #4: Nov 16, 2021 10:11:46 pm
      I'm not massively arsed about baseball or naming teams after penguins but where are FSG getting the money from for this purchase?????
      Lallana in Pyjamas
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      Re: FSG in talks to buy......
      Reply #5: Nov 16, 2021 10:16:21 pm
      I'm not massively arsed about baseball or naming teams after penguins but where are FSG getting the money from for this purchase?????

      Redbird buying a significant amount of FSG
      Salah10
      • Forum Roger Hunt
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      Re: FSG in talks to buy......
      Reply #6: Nov 16, 2021 10:37:43 pm
      I'm not massively arsed about baseball or naming teams after penguins but where are FSG getting the money from for this purchase?????

      Liverpool Football Club and not buying players 🤣
      -LFC-
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      Re: FSG in talks to buy......
      Reply #7: Nov 16, 2021 10:46:45 pm
      Redbird buying a significant amount of FSG

      Thank you, Ask Jeeves FSG version :laugh: Here's hoping they can find a few more quid for their prized asset if hundreds of millions of dollars can be found to invest in a failing baseball team with a ridiculous name.
      Lallana in Pyjamas
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      Re: FSG in talks to buy......
      Reply #8: Nov 16, 2021 11:09:00 pm
      Thank you, Ask Jeeves FSG version :laugh: Here's hoping they can find a few more quid for their prized asset if hundreds of millions of dollars can be found to invest in a failing baseball team with a ridiculous name.

      It’s an Ice Hockey team and they have done well recently
      Shabs
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      Re: FSG in talks to buy......
      Reply #9: Nov 17, 2021 12:55:09 am
      CT_LFC
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      Re: FSG in talks to buy......
      Reply #10: Nov 17, 2021 01:48:28 am
      Uhh 800M for a hockey team, the highest price ever for a NHL team, and it’s not even known how large their stake will be? Doesn’t sound like all that great of a deal.
      bmck
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      • YNWA
      Re: FSG in talks to buy......
      Reply #11: Nov 17, 2021 03:31:36 am
      Just seen the "NESV/Fenway Sports Group: Owners of LFC"  topic locked ?!? 
      Don't understand why that is. OK, it goes round in circles a bit, but why lock it?
      Don't think was abusive or anything.
      Dunno, we getting a bit woke...
      CT_LFC
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      Re: FSG in talks to buy......
      Reply #12: Nov 17, 2021 04:03:49 am
      Imo locking the FSG thread is a mistake because it’s not like that’s going to make the netspenders stop their crap, so they’ll just take it to the other threads which is to the detriment of the board. The best case scenario is the FSG thread becomes their little echo chamber thus leaving the rest of the board for discussion.
      FL Red
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #13: Nov 17, 2021 04:24:45 pm
      I'd much rather have owners that were laser focused on running one sports team to the best of their ability. Adding a third really has to make you wonder where their loyalties and attention are going to lie.

      Which child do you love the most John?
      Redman7804
      • Forum Matt Busby
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #14: Nov 17, 2021 04:26:52 pm


      Which child do you love the most John?

      The one with Benjamin Franklin’s face on
      waltonl4
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #15: Nov 17, 2021 04:47:57 pm
      The one with Benjamin Franklin’s face on

      that's not love mate its worship.
      chats
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #16: Nov 17, 2021 04:50:13 pm
      Imo locking the FSG thread is a mistake because it’s not like that’s going to make the netspenders stop their crap, so they’ll just take it to the other threads which is to the detriment of the board. The best case scenario is the FSG thread becomes their little echo chamber thus leaving the rest of the board for discussion.

      The irony of this :lmao:
      waltonl4
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #17: Nov 17, 2021 04:55:56 pm

      suck it up mate history will eventually prove the doubters correct and the smell of profit will just be too much to refuse. Meanwhile we will need to jump through hoops to give Jürgen some quality players in January.
      David Wright
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #18: Nov 17, 2021 11:04:43 pm
      Seemingly FSG are skating on thin ice !
      bigbob75
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #19: Nov 18, 2021 07:38:23 am
      Pucking hell!
      7-King Kenny-7
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #20: Nov 18, 2021 12:39:29 pm
      Don't really see the issue. They put virtually none of their own money in anyway, what is there that can actually change by them owning another team in another sport? Unless they are using the finances generated by Liverpool Football Club to help fund it then there is no problem.
      Think people tend to forget they are businessmen, like the majority of owners, they aren't in the sport for the love of it, it's to boost their own portfolio's and accounts.

      As long as it doesn't interfere in anyway with the football club, I couldn't really give a toss if they purchase the entire NHL.
      Lallana in Pyjamas
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #21: Nov 18, 2021 01:52:48 pm
      Don't really see the issue. They put virtually none of their own money in anyway, what is there that can actually change by them owning another team in another sport? Unless they are using the finances generated by Liverpool Football Club to help fund it then there is no problem.
      Think people tend to forget they are businessmen, like the majority of owners, they aren't in the sport for the love of it, it's to boost their own portfolio's and accounts.

      As long as it doesn't interfere in anyway with the football club, I couldn't really give a toss if they purchase the entire NHL.

      That’s about the crux of it

      Them buying this NHL club has no bearing on us at all
      CT_LFC
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #22: Nov 18, 2021 01:56:55 pm
      Don't really see the issue. They put virtually none of their own money in anyway, what is there that can actually change by them owning another team in another sport? Unless they are using the finances generated by Liverpool Football Club to help fund it then there is no problem.
      Think people tend to forget they are businessmen, like the majority of owners, they aren't in the sport for the love of it, it's to boost their own portfolio's and accounts.

      As long as it doesn't interfere in anyway with the football club, I couldn't really give a toss if they purchase the entire NHL.

      It's the typical overreaction of the fickle fan. Back when FSG bought Liverpool, i remember the outcry of Red Sox fans that their team was going to be decimated because FSG was going to focus on Liverpool. FSG is a portfolio of entities, of which there are 7 of them each of which are run independently and don't commingle. Buying the Penguins or any other sports team does not interfere with any of the other 7.
      Redman7804
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #23: Nov 18, 2021 02:04:28 pm
      It's the typical overreaction of the fickle fan. Back when FSG bought Liverpool, i remember the outcry of Red Sox fans that their team was going to be decimated because FSG was going to focus on Liverpool. FSG is a portfolio of entities, of which there are 7 of them each of which are run independently and don't commingle. Buying the Penguins or any other sports team does not interfere with any of the other 7.

      Using the term fickle fan is wrong mate, sorry it is
      You’re either using it because you don’t understand them, or you’re unwilling to understand them, or simply to get a rise out of them
      None of those things are becoming of you

      Whether you agree with them and the way they criticise the owners you can’t call people who go back 50 plus years - which even as a new person on this forum I can see they do by the references they use - fickle

      Everyone - I presume - wants the best for the club, it’s certainly not fickle to demand the owners go that extra mile, even if we all know they won’t and it doesn’t fit their model, which they have told us since day one they will do

      I said the other day, the sad thing about these type of debates is no one seems willing to compromise and see both sides of the debate and using the term fickle fan is a prime example of that

      Shame really
      stuey
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #24: Nov 18, 2021 02:45:36 pm
      suck it up mate history will eventually prove the doubters correct and the smell of profit will just be too much to refuse. Meanwhile we will need to jump through hoops to give Jürgen some quality players in January.

      Closed the FSG discussion thread next move is you will be getting warned for comment such as the above.
      Borg
      • Forum David Johnson
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #25: Nov 22, 2021 07:08:37 pm
      FSG had bigger ambitions than just a NHL franchise......

      Fenway Sports Group previously explored the possibility of joining forces with Maple Leaf Sports and Entertainment, reports Sportsnet's Elliotte Friedman.
      MLSE....... the company that oversees the NHL's Toronto Maple Leafs, NBA's Toronto Raptors, MLS' Toronto FC, and Scotiabank Arena.
      "About 12-18 months ago, before Fenway Sports Group went down this road with the Penguins, an emissary was dispatched to ask Maple Leaf Sports and Entertainment ... if they would be interested in a merger with Fenway,"


      https://www.thescore.com/epl/news/2231051
      stuey
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #26: Nov 22, 2021 08:04:46 pm
      FSG had bigger ambitions than just a NHL franchise......

      Fenway Sports Group previously explored the possibility of joining forces with Maple Leaf Sports and Entertainment, reports Sportsnet's Elliotte Friedman.
      MLSE....... the company that oversees the NHL's Toronto Maple Leafs, NBA's Toronto Raptors, MLS' Toronto FC, and Scotiabank Arena.
      "About 12-18 months ago, before Fenway Sports Group went down this road with the Penguins, an emissary was dispatched to ask Maple Leaf Sports and Entertainment ... if they would be interested in a merger with Fenway,"


      https://www.thescore.com/epl/news/2231051

      Little doubt that NESV will have investigated every aspect of this latest acquisition and found it to be a soluble, completely self-sustaining financial proposition.

      That description precludes any need for further cash input perfectly fitting the FSG business model.
      « Last Edit: Nov 22, 2021 08:57:33 pm by stuey »
      waltonl4
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #27: Nov 22, 2021 09:41:12 pm
      Little doubt that NESV will have investigated every aspect of this latest acquisition and found it to be a soluble, completely self-sustaining financial proposition.

      That description precludes any need for further cash input perfectly fitting the FSG business model.

      they are making a fortune on the backs of Shankly, Paisley, Joe, Kenny and generations of scousers who put every penny they over generation to support the team home and away modern football makes me sick.
      stuey
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #28: Nov 22, 2021 10:01:25 pm
      they are making a fortune on the backs of Shankly, Paisley, Joe, Kenny and generations of scousers who put every penny they over generation to support the team home and away modern football makes me sick.

      The market value of their various business entities is the only interest our owners have, tradition and history count for nothing.
      waltonl4
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #29: Nov 23, 2021 02:58:17 pm
      The market value of their various business entities is the only interest our owners have, tradition and history count for nothing.

      I challenge them to go walkabout up Breck Road and thereabouts so they can gauge what people really think of them. Leave the body guards behind but ear defenders may be required
      HUYTON RED
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #30: Nov 23, 2021 07:15:40 pm
      I challenge them to go walkabout up Breck Road and thereabouts so they can gauge what people really think of them. Leave the body guards behind but ear defenders may be required

      Or go for a bevvy in The Sandon like Hicks Jnr did!!
      Lallana in Pyjamas
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #31: Nov 23, 2021 07:21:04 pm
      I suspect if they did walk into the Sandon they would be welcomed , people will question them respectfully in regards any issues they have and also some poor choices over the previous years but they wouldn’t get lynched etc
      Redman7804
      • Forum Matt Busby
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #32: Nov 23, 2021 07:28:31 pm
      I suspect if they did walk into the Sandon they would be welcomed , people will question them respectfully in regards any issues they have and also some poor choices over the previous years but they wouldn’t get lynched etc

      I imagine if they did the vast majority wouldn’t give a sh*te they were there

      Little chance of it though as for one the Sandon isn’t in New England and two there’s a chance they’d have to put their hands in their pockets 😉
      stuey
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #33: Nov 23, 2021 10:42:39 pm
      I suspect if they did walk into the Sandon they would be welcomed , people will question them respectfully in regards any issues they have and also some poor choices over the previous years but they wouldn’t get lynched etc

      Once again you excel in your stupidity and complete ignorance of the subject matter.
      Have you any experience of the pub in question especially on match day?
      What makes you think our owners would not be subjected to the strongest scrutiny and offensive approaches?

      No reason to think they would be up for a stay behind!
      Lallana in Pyjamas
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #34: Nov 29, 2021 06:29:22 pm
      https://twitter.com/anfieldwatch/status/1465377367153590272?s=21


      They have completed the purchase of the Penguins
      waltonl4
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #35: Nov 29, 2021 06:36:50 pm
      I am sure Aldi do an alternative to Penguins that would have been far cheaper. The sooner this shower f**k off the better we are not just a part of a business portfolio for rich men.
      Del Boca Vista
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #36: Nov 29, 2021 10:38:28 pm
      I am sure Aldi do an alternative to Penguins that would have been far cheaper. The sooner this shower f**k off the better we are not just a part of a business portfolio for rich men.

      do you think we're going to get some old school 70's style owner or something who owns nothing else and is a billionare and puts his own money into the team so we can buy Lewandowski?
      waltonl4
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #37: Nov 29, 2021 10:53:58 pm
      do you think we're going to get some old school 70's style owner or something who owns nothing else and is a billionare and puts his own money into the team so we can buy Lewandowski?

      you mean people who would actually put their money into the club as apposed to making the club financially reliant on itself.
      CT_LFC
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #38: Nov 29, 2021 11:19:23 pm
      do you think we're going to get some old school 70's style owner or something who owns nothing else and is a billionare and puts his own money into the team so we can buy Lewandowski?

      And a life long Liverpool supporter.
      Gill95
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #39: Nov 30, 2021 03:17:03 am
      you mean people who would actually put their money into the club as apposed to making the club financially reliant on itself.

      What's wrong with the later approach? I see it being a far bigger long term thing instead of a short term fix. Very few successful clubs are well run without dosh being injected into the club. Except for city and Chelsea, can you give me proper examples of clubs putting in money at the top of their teams life cycle? And please don't include united into it. They have already booked their profit from signing Ronaldo.
      GERNS
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #40: Nov 30, 2021 10:35:15 am
      I challenge them to go walkabout up Breck Road and thereabouts so they can gauge what people really think of them. Leave the body guards behind but ear defenders may be required

      The market value of their various business entities is the only interest our owners have, tradition and history count for nothing.


      Tradition and history can be a powerful thing, depending on the level of both.
      In our case, it means a much bigger world wide fan base than most, so commercial nouse can reap bigger rewards.
      Compared to the likes of Watford, Palace, West Ham etc etc.
      waltonl4
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #41: Nov 30, 2021 02:19:59 pm
      David Moores sold because he could not compete with the likes of Chelsea or City or UTD he thought he could manage £20mil net a year if he had been introduced to FSG with their plan to make the club financially self sufficient he would not have sold to them because he could have done that.
      We would not have bought Ali or Virgil if we had not sold Suarez and Phil so forgive me if I dont think FSG are model owners they are model self serving business men.
      Going back to Moores selling he would not have sold ifhe could have borrowed money todays low rates. So I will not be watching the NHL shouting GO Penguins
      Lallana in Pyjamas
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #42: Nov 30, 2021 02:49:27 pm
      David Moores sold because he could not compete with the likes of Chelsea or City or UTD he thought he could manage £20mil net a year if he had been introduced to FSG with their plan to make the club financially self sufficient he would not have sold to them because he could have done that.
      We would not have bought Ali or Virgil if we had not sold Suarez and Phil so forgive me if I dont think FSG are model owners they are model self serving business men.
      Going back to Moores selling he would not have sold ifhe could have borrowed money todays low rates. So I will not be watching the NHL shouting GO Penguins


      If Moores could have done it - why didn’t he during the years 91-2008 ?

      We have bought more than Alison and VVD


      Mo
      Mane
      Gini
      Naby
      Thiago
      Ox
      Konate
      Firmino
      Jota
      Fabinho


      What did you think when they sold Keegan and bought Kenny ?

      Or when we sold Rush and used the money to buy Barnes and Beardsley

      The club in past have always sold players and used the money to buy players - even way back in the 70’s and 80’s

      I suspect no one was crying about net spend then

      I’m not sure who are “model” owners - is there such a thing ?
      waltonl4
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #43: Nov 30, 2021 05:53:52 pm
      thought the FSG fanboy would be quick to remark with as usual half truths dressed up as facts.
      Shabs
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #44: Nov 30, 2021 07:50:37 pm
      Can’t be arsed with what other sports venture they buy…

      My concern is this, If & when FSG sell for the quoted value, what type of owner would have that kind of purchase money & then to sustain the club with that kind of further investment… not possible…

      If anything we would be left in a far more vulnerable position….
      « Last Edit: Nov 30, 2021 08:06:29 pm by Shabs »
      Redman7804
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #45: Nov 30, 2021 07:52:02 pm
      Doesn’t really matter what something is valued at… just what someone is willing to pay
      Lallana in Pyjamas
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #46: Nov 30, 2021 08:12:25 pm
      Doesn’t really matter what something is valued at… just what someone is willing to pay

      Ultimately that’s the crux of it


      Value is irrelevant at the end of the day


      People have made offers for the club and they have been turned down - maybe the owners don’t want to sell .


      Either way then buying a NHL team doesn’t affect us
      Redman7804
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #47: Nov 30, 2021 08:15:29 pm
      Ultimately that’s the crux of it


      Value is irrelevant at the end of the day


      People have made offers for the club and they have been turned down - maybe the owners don’t want to sell .


      Either way then buying a NHL team doesn’t affect us

      Yes it seems right now they don’t want to sell, but when they do it will ultimately come down to how the buyers value it not really the sellers

      But only when they decide to cash in

      I’d very much doubt that when they do decide to sell that they will find a buyer at the reported market value
      Lallana in Pyjamas
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #48: Nov 30, 2021 08:19:27 pm
      Yes it seems right now they don’t want to sell, but when they do it will ultimately come down to how the buyers value it not really the sellers

      But only when they decide to cash in

      I’d very much doubt that when they do decide to sell that they will find a buyer at the reported market value


      I can see Redbird buying chunks until they have a controlling stake
      Brian78
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #49: Dec 01, 2021 08:20:49 am
      Ticket price hike on the way?
      Lallana in Pyjamas
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #50: Dec 01, 2021 09:25:01 am


      For us ?
      Brian78
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #51: Dec 01, 2021 09:49:03 am

      Across thier portfolio Id say...they are forking out money here and there on stadiums and buying teams, as a business theyll want to make money bacck via as many avenues as possible
      Lallana in Pyjamas
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #52: Dec 01, 2021 10:34:22 am
      Across thier portfolio Id say...they are forking out money here and there on stadiums and buying teams, as a business theyll want to make money bacck via as many avenues as possible

      But the club for example is self sustaining - money from the club doesn’t go to them
      FL Red
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #53: Dec 01, 2021 02:15:37 pm

      I mean they tried that before, surely they learned from the last time.
      HUYTON RED
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #54: Dec 04, 2021 01:29:23 pm

      When?

      We've had a ticket-freeze for the past 5 or so years.
      CT_LFC
      • Forum Legend - Fagan
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #55: Dec 04, 2021 01:53:28 pm
      When?

      We've had a ticket-freeze for the past 5 or so years.

      How does that compare to other teams in the league?
      HUYTON RED
      • Forum Legend - Shankly
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      • 33,770 posts | 5848 
      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #56: Dec 04, 2021 02:13:59 pm
      How does that compare to other teams in the league?

      Don't know, but most London club's tickets are probably more expensive due to cost of living in that shithole.
      CT_LFC
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #57: Dec 04, 2021 02:17:03 pm
      Don't know, but most London club's tickets are probably more expensive due to cost of living in that shithole.

      I would imagine, but i meant in terms of other teams raising ticket prices year to year.
      HUYTON RED
      • Forum Legend - Shankly
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      Re: FSG in talks to buy Pittsburgh Penguins
      Reply #58: Dec 04, 2021 02:19:54 pm
      I would imagine, but i meant in terms of other teams raising ticket prices year to year.

      Honestly don't know.

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