Pittsburgh Penguins Undergo Major Business Operations Restructuring Amid Struggles in Stanley Cup Playoffs

The Pittsburgh Penguins have recently undergone significant changes to their business operations staff, with more than 20 cuts being made. Despite these changes, they have stated that it will not affect the team’s hockey operations. Many of the cuts affected high-level executives who have been with the team for a long time.

Kevin Acklin, the Penguins’ president of business operations, explained the decision to restructure the business operations, stating that it was necessary after evaluating the current situation. Acklin mentioned that the team plans to reinvest and strengthen critical areas of the organization to maintain the high standard of excellence that fans, players, and partners expect.

The Penguins’ failure to make the Stanley Cup Playoffs for the second consecutive season has led to these changes. The team has not won a playoff series since 2018 and last won the Stanley Cup in 2017. Playoff success plays a significant role in their annual budget expectations.

Fenway Sports Group owns the Pittsburgh Penguins, along with other sports teams like the Boston Red Sox, Liverpool Football Club, and Roush Fenway Keselowski Racing. The group includes celebrity investor LeBron James among its investors.