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Stop bugging Sid, FSG selling, and a Saad situation |
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Some news and notes to sort through before the Penguins embark on their first ever regular season game in Utah.
Fenway Sports Group is already looking to sell off part of its ownership
It is still to be determined what percentage of the team Fenway is looking to sell, but FSG still expects to be the controlling owners, sources told ESPN.
FSG did something similar with Liverpool in 2023, selling a minority stake of the EPL team to New York-based sports investment firm Dynasty Equity.
The NHL is a gate driven league and not a TV contract driven league. The Penguins are going to have many nights where they play less than capacity in the coming years. FSG is probably looking to maintain control while limiting their investment. Who knows what other plans they might have. I have to imagine at some point they’ll want to take a swing at buying the Celtics if they ever became available, which would be a much better investment than an NHL team.
One of their best ways to make money is continue having Sidney Crosby on their hockey team. Sidney Crosby is more focused on the on-ice happenings, but he shares the same sentiment as ownership, he isn’t going anywhere and he’s also kinda tired about talking about it
I sat down with Sidney Crosby after practice here in San Jose to talk about the baseless speculation surrounding his name and potential trades as of late.
"All of my energy is here."
More from Crosby: www.dkpittsburghsports.com/team/penguin...
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— Taylor Haase (@taylorhaasepgh.bsky.social) January 28, 2025 at 5:13 PM
"I know how speculation works: Everybody's looking to talk about different things, different scenarios," Crosby told me. "I can't control that. I don't know where that comes from. I don't think that it's something I'm going to discuss every time someone speculates something. I'm not going to answer it every time that happens."
Crosby called all the noise "a difficult part of losing."
"I'm trying to do everything I possibly can for us," he said. "Be at my best, to give us a chance to win every night, to be a good teammate. We all want to get through a difficult point right now. That's my mindset. All my energy is here and trying to do everything I can here."
"the support, the people, the fans, the organization, just everything over the years has been really special. I've had some incredible experiences and memories. So I just want to continue that."
I think everyone can stfu about it at this point.
Pittsburgh native Brandon Saad was placed on waivers yesterday. Once upon a time it would have made a lot of sense to pick him up, the time isn’t now. He makes 4.5M and has another year left on his contract. If you really wanted to acquire Saad the proper path wouldn’t be waivers, it would be to do another Kevin Hayes style trade with the Blues and weaponize the cap space to acquire some assets from the Blues. I would let this one slide. There are better uses for the Penguins cap space in the coming year(s) whether that is using the space to sign players to win now or weaponizing it. Pittsburgh may have upwards of ~30M in cap space next year with speculation being 92-97M as a cap ceiling.
Rooting for a Sidney Crosby goal tonight so he can check another new building off the list of ones he has a goal in. I can’t imagine he will be playing many times in Utah so he will have limited chances to do so.
Thanks for reading!
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