Fenway Sports Group is in advanced talks to purchase the Pittsburgh Penguins. Red Sox president Sam Kennedy confirmed to ESPN that a deal is in the works.

Ron Burkle and Mario Lemieux have been the Penguins' majority owners since 1999. The agreement needs to be approved by the Fenway Sports Group board, and then would be subject to NHL approval. The NHL's Board of Governors must approve any potential sale.

John Henry is the principal owner of Fenway Sports Group, whose portfolio includes the Boston Red Sox of MLB, Liverpool of England's Premier League, and Roush Fenway Racing of NASCAR. Fenway Sports Group also owns real estate, including Fenway Park.