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Mario Lemieux is the current owner of the Penguins, and former player for the team 1984-2005. This is a list of Pittsburgh Penguins owners. There have been 10 ownership groups for the Penguins franchise since the team's founding in 1967. The Penguins' current owner is Mario Lemieux, who purchased the Penguins in 1999 and brought the club out of bankruptcy. Lemieux Group LP also worked out a deal with the city of Pittsburgh in 2007 for a new multi-purpose arena, ensuring that the franchise remains in Pittsburgh. List of NHL head coaches.
Contrary to popular belief, Pittsburgh did have an NHL franchise before the Penguins which was known as the Pirates. The Pirates came to fruition in 1925 after the departure of an amateur team, the Pittsburgh Yellow Jackets.