The FSG board along with the Penguins board, have approved the sale of the team, according to the outlet citing a source close to the Penguins.
The final step in the approval of the sale is a vote from the National Hockey League board.
Former player and one of the current owners of the team, Mario Lemieux would retain minority ownership, the outlet reports.
Click here to read more from WPXI.
Click here to follow Daily Voice Paterson and receive free news updates.