Pittsburgh Penguins sale officially underway, with Hoffman family set to replace Fenway Sports Group ownership
The Pittsburgh Penguins are set for a significant ownership change, with Fenway Sports Group agreeing to sell the franchise to the Chicago-based Hoffmann family for an estimated $1.7 to $1.8 billion. This marks a dramatic increase in valuation since 2021. Mario Lemieux will retain a minority stake, hinting at a potential larger role.
The Pittsburgh Penguins are set for a significant ownership change, with Fenway Sports Group agreeing to sell the franchise to the Chicago-based Hoffmann family for an estimated $1.7 to $1.8 billion. This marks a dramatic increase in valuation since 2021. Mario Lemieux will retain a minority stake, hinting at a potential larger role.
