PITTSBURGH (KDKA) -- Fenway Sports Group is exploring selling off a minority stake of their ownership in the Pittsburgh Penguins, according to a report from ESPN. ESPN, citing sources, says that Fenway Sports Group is taking the organization to market this week to "explore selling a minority stake."

Fenway Sports Group, the multinational holdings corporation behind the Pittsburgh Penguins, is exploring a sale of a minority stake in the NHL franchise, reports Emily Kaplan and Kevin Weekes of ESPN.

Fenway Sports Group - who's had controlling interest in the Penguins since 2021 - is still expected to retain majority share

Fenway Sports Group purchased the Boston Red Sox from the Yawkey Trust in 2002, and since then they've won four World Series titles and have added many more sporting ventures to their portfolio. However,

The Penguins had a hot streak not long ago, but now look like one of the most miserable teams in the NHL. A 2-1 loss to the San Jose Sharks has pushed them to a 20-24-8 record and

The Fenway Sports Group is looking to sell part of the team while retaining controlling ownership, according to an ESPN report.