An agreement has reportedly been reached to sell the Pittsburgh Penguins.
According to NHL insider Frank Seravalli, Fenway Sports Group has agreed to sell the team to the Hoffmann family, a Chicago-based investment group led by David Hoffmann.
The exact sale price has not been confirmed, but league sources expect the Penguins to sell for between $1.7 and $1.8 billion. FSG acquired a controlling interest in the team in 2021 for $900 million.
The deal is pending approval by the NHL’s Board of Governors. Seravalli reports that an official announcement is expected in the coming days.
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