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Home > Company Index > Leisure > Professional Sports Teams & Organizations > Pittsburgh Penguins

Pittsburgh Penguins
 NEWS FROM THE STANDARD
Net Moguls Snap Up Sports Teams
May 19 1999 12:00 AM PDT

 PROFILE
The Pittsburgh Penguins were skating on thin ice, but legendary forward Mario Lemieux, who led the club to Stanley Cup championships in 1991 and 1992, pulled the franchise out of bankruptcy in 1999 by rolling over some $25 million owed to him into an ownership bid for the team. Now in charge, Lemieux (who had retired in 1997) is helping reshaping the team into a contender and a moneymaker. Lemieux came out of retirement in 2000 to assist the team on the ice, helping them to a playoff appearance. In 2001 the team traded Lemieux's former linemate Jaromir Jagr to the Washington Capitals. Founded in 1967, the team plays in the NHL's oldest facility, Mellon Arena, better known as "The Igloo."

 COMPETITION
New Jersey Devils (dossier)
New York Rangers (dossier)
Philadelphia Flyers L.P. (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 57.50
1-Yr. Sales Growth: 38.6%
Employees: 90
Revenue per employee: $638,888.89

 KEY PEOPLE
• Mario Lemieux
    CEO
• Ken Sawyer
    CFO

 CONTACT INFO
One Chatham Center, Ste. 400
Pittsburgh, PA 15219
US
Phone: 412-642-1300
Fax: 412-642-1859
Online: Web Site

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