Savage story of how Mario Lemieux made an est. $ 360 million off sale of penguins


Getty Image / Minas Panagiotakis / NHLI

  • The Pittsburgh Penguins were recently sold to the Fenway Sports Group for $ 900 million and former Penguins legend Mario Lemieux is said to have made a fortune
  • This crazy story details how Pittsburgh’s financial woes led Mario to take a large stake in the team in the late ’90s, which is now reportedly worth $ 350 million in the sale.
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Mario Lemieux aka The Magnificent One aka Super Mario is the greatest player in the history of the Pittsburgh Penguins franchise. He also reportedly made $ 350 million after the Penguins were sold to Fenway Sports Group and it all stems from the fact that Pittsburgh couldn’t pay him off in the late ’90s.

He was the first overall pick in 1984 and played 17 seasons in the NHL, all with the Penguins. As you’ll see in this crazy story below, Mario became part owner of the Penguins in 1999 after the organization experienced financial difficulties and declared bankruptcy.

This whole Joe Pompliano Twitter thread / story about selling the Penguins and increasing Lemieux’s wealth is wild, but one part that comes to my mind refers to Mario as “a former Penguins player” in the first tweet. Let’s be clear, he is, was and always will be the most important player in the history of the team. Referring to Lemiuex as “a former Penguins player” seems like a bad way to start this thread, but here we are.

Mario Lemieux reportedly made $ 350 million from Pittsburgh Penguins sale

This is not a bad payment for a player who potentially considered suing his team to recover some of the money they were owed, but instead became an irreplaceable part of the history of the organization and the team. ‘team.

In total, Mario Lemieux earned $ 55,716,960 in NHL salary, which works out to about $ 96,293,055 in today’s dollars after adjusting for inflation. He’s already been a rich man for a very long time, but making $ 360 million from this deal would instantly make him one of the richest people in the city of Pittsburgh.

The Fenway Sports Group already owns the Boston Red Sox and Liverpool FC among other business interests (Roush Racing etc.). Buying the Pittsburgh Penguins makes perfect sense to them and it can only mean good things ahead for the future of the Penguins organization.



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