The Pittsburgh Penguins have recently undergone significant changes with over 20 cuts to their business operations staff, as reported by KDKA-TV Sports. These reductions have not affected the team’s hockey operations but have impacted high-level executives who have been part of the Penguins organization for many years.
As part of the restructuring, Kevin Acklin, the Penguins’ president of business operations, stated that the organization had taken the time to evaluate their business operations and deemed a reorganization necessary. Acklin acknowledged that these were difficult personnel decisions but emphasized that the changes were aimed at reinvesting and strengthening the organization to maintain its high standard of excellence for fans, players, and partners.
The decision to make these cuts comes after the Penguins failed to qualify for the Stanley Cup Playoffs for the second consecutive season. It has been three years since the team won a playoff series and four years since lifting the Stanley Cup in 2017. The lack of playoff success has impacted the Penguins’ annual budget expectations, highlighting the importance of postseason accomplishments for the organization.
It is worth noting that Fenway Sports Group, the owner of the Pittsburgh Penguins, also owns other sports entities such as the Boston Red Sox, Liverpool Football Club, and Roush Fenway Keselowski Racing. Additionally, NBA superstar LeBron James is among the group’s celebrity investors, adding a significant presence to
