Liverpool owners Fenway Sports Group have reached an amicable solution to end a legal dispute relating to their purchase of the Pittsburgh Penguins ice hockey team.
FSG closed on the acquisition of the NHL franchise in November 2021 in a deal worth a reported $900m but soon found themselves in a legal wrangle after a minority partner, Wildfire Productions LP, challenged the sale of the team from Team Lemieux LLC to FSG, claiming that they had not been consulted appropriately.
Shortly after the deal was concluded the deal found itself dragged before Delaware Chancery Court after a Wildfire claimed that they had been unlawfully excluded from the discussions over the sale of the team and not afforded the same opportunities as other minority partners in the deal. Wildfire's initial claim was that they only found out about the deal 20 minutes before it was made public, something that was contested by FSG attorneys.
