Mario Lemieux Just Made An Estimated $360 Million Because The Penguins Couldn’t Pay Him In 1998

Mario Lemieux Just Made An Estimated $360 Million Because The Penguins Couldn't Pay Him In 1998

Getty Image / Minas Panagiotakis / NHLI

  • The Pittsburgh Penguins were recently sold to the Fenway Sports Group for $900 million and former Penguins legend Mario Lemieux reportedly made a fortune
  • This wild story details how Pittsburgh’s financial woes led to Mario taking a large ownership stake in the team in the late 90s which is now reportedly worth $350 million in the sale
  • Read more articles on BroBible right here

Mario Lemieux aka The Magnificent One aka Super Mario is the greatest player in the history of the Pittsburgh Penguins franchise. He also just reportedly made $350 million after the Penguins were sold to Fenway Sports Group and it all stems from Pittsburgh being unable to pay him in the late 90s.

He was the 1st overall pick in 1984 and played in 17 seasons in the NHL, all of which was with the Penguins. As you’ll see in this wild story below, Mario became a part-owner of the Penguins in 1999 after the organization suffered financial woes and declared bankruptcy.

This entire Twitter thread/story from Joe Pompliano about the sale of the Penguins and boost in wealth to Lemieux is wild but one part that sticks out to me is referring to Mario as ‘a former Penguins player’ in the first tweet. Let’s be clear, he is, was, and will always be the most important player in the team’s history. Referring to Lemiuex as ‘a former Penguins player’ just seems like the wrong way to start this thread but here we are.

Mario Lemieux Reportedly Makes $350 Million On Pittsburgh Penguins Sale

Not a bad payout for a player who was potentially looking at having to sue his team to recoup some of the money he was owed but instead has become an irreplaceable part of the organization and team’s history.

In total, Mario Lemieux earned $55,716,960 in NHL salary which translates to about $96,293,055 in today’s dollars after adjusting for inflation. He’s already been a wealthy man for a very long time but making $360 million off this deal would instantly make him one of the wealthiest people in the city of Pittsburgh.

The Fenway Sports Group already owns the Boston Red Sox and Liverpool F.C. amongst other business interests (Roush Racing, etc). Purchasing the Pittsburgh Penguins makes perfect sense for them and it can only mean good things to come for the future of the Penguins organization.

Cass Anderson BroBible headshot and avatar
Cass Anderson is the Editor-in-Chief of BroBible. Based out of Florida, he covers an array of topics including NFL, Pop Culture, Fishing News, and the Outdoors.