Although sources close to Davis say he has no intention to sell his majority stake, the vote would mean that if and when Davis, or his heirs, did decide to sell, Durban, a limited partner, would have the option to buy the club. Owners would then have to approve Durban as the new controlling owner, per league rules.
When the Penguins were sold in 2021 to Fenway Sports Group, the sale was for around $900 million. The asking price for FSG's prospective transaction could stand at around $1.8 billion USD, which would be double the amount that the company paid to acquire ownership of the team. The increase in value comes as the Penguins' ongoing postseason drought has surpassed three seasons; their last playoff appearance, a seven-game first-round loss to the New York Rangers, came in the 2021-22 season.