Fenway Sports Group has purchased the Pittsburgh Penguins, pending board approval

The Pittsburgh Penguins and Fenway Sports Group have officially put pen to paper on a purchase agreement that would give Fenway a controlling stake in the organization.

The purchase agreement is reportedly worth $900 million and with the agreement having been signed, the last remaining step in the sale process is receiving approval from the Board of Governors.

Mario Lemieux and Ron Burkle are expected to remain part owners, but at this point it is unclear as to who the primary representative from Fenway Sports Group will be for the Pens.

The Penguins are currently 10-7-4, totalling 24 points - good for 8th in the Eastern Conference.

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