The Penguins are no longer on the market, according to team president and CEO David Morehouse.

"We did look at a bunch of different things. One of them included the outright sale of the franchise. We're not looking at that right now," Morehouse told 1020 KDKA-AM on Thursday. "We couldn't be luckier to have owners like this in Pittsburgh."

It is possible that team co-owners Mario Lemieux and Ron Burkle would add minority investors, Morehouse told the radio station.