answersLogoWhite

0

The short answer is no, the Penguins are not a publicly traded company. They are currently owned by former player Mario Lemieux and businessman Ron Burkle.

There are currently no major professional sports teams in North America that are publicly traded; however, some, such as the New York Knicks and New York Rangers, are owned by companies that are publicly traded (in this case, Madison Square Garden, Inc.) Also, the Green Bay Packers are a nonprofit company -- the only major sports team to be publicly owned. They have over 112,000 shareholders, mostly people in the Green Bay area whose shares are passed down the family line. Even so, it is not possible to simply buy a share of the team. In fact, there have only been four stock sales since 1923, the year when the Packers were incorporated as a public organization.

User Avatar

Wiki User

14y ago

Still curious? Ask our experts.

Chat with our AI personalities

CoachCoach
Success isn't just about winning—it's about vision, patience, and playing the long game.
Chat with Coach
LaoLao
The path is yours to walk; I am only here to hold up a mirror.
Chat with Lao
ReneRene
Change my mind. I dare you.
Chat with Rene

Add your answer:

Earn +20 pts
Q: Do the Pittsburgh penguins have publicly owned stock?
Write your answer...
Submit
Still have questions?
magnify glass
imp