The Pittsburgh Penguins have recently announced significant changes to their business operations staff, with over 20 cuts being made. However, these changes do not affect the team’s hockey operations. Many of the cuts affected high-level executives who have been with the Penguins for a long time.
Kevin Acklin, the Penguins’ president of business operations, stated that the decision to restructure the business operations 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 failure to make the Stanley Cup Playoffs for two consecutive seasons has put pressure on the Penguins to make 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 the Penguins’ 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.
The Penguins are determined to turn things around and get back to winning ways on and off the ice. With these changes in place and a renewed focus on excellence, there is no doubt that they will continue to be one of the top teams in hockey for years to come.