Lemieux, who will turn 50 in October, was drafted by the Penguins in 1984 and spent his entire playing career in Pittsburgh. He retired as a player in 1997, led the group that bought the team in 1999 and returned to the ice as player-owner from 2000-2006. He won two Stanley Cups as a player and one as an owner.

“Our goal all along was to solidify the franchise both on and off the ice,” Lemieux said. “Our star players are signed to long-term contracts, they’ve got a deep and passionate base to support them, and I believe the Penguins are well-positioned for the future. Regardless of what happens, I plan on staying involved with the team in some capacity, and Ron and I plan to retain an ownership stake.”

The Penguins have made the playoffs for nine straight seasons, the second-longest active streak in the NHL. They have sold out 377 straight games, dating back to February 2007, and have led the NHL’s U.S.-based teams in local television ratings for six straight years.

Lemieux, Burkle and the Penguins will have no further comment until the process is completed.