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 is taking the Pittsburgh Penguins to market this week to explore selling a minority ownership stake, multiple sources told me and Kevin Weekes. FSG expected to retain controlling interest.

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

Fenway Sports Group, which bought controlling interest of the Pittsburgh Penguins in 2021 for $900 million, is taking the NHL franchise to market to explore selling a minority stake, multiple sources told ESPN's Emily Kaplan and Kevin Weekes on Monday.

Fenway Sports Group, which owns the Pittsburgh Penguins, is exploring potentially selling a minority share of the franchise according to a report from ESPN. Fenway would retain a controlling interest in the franchise in the event of any transaction.