Fenway Sports Groups time as owners of the Pittsburgh Penguins is going to be a short run. Buying the franchise for $870 million in 2021, the Penguins are on track to be sold for a massive price tag of at least $1.7 Billion within the next couple months. Unfortunately for Penguins fans the Lemieux group has been priced out.
From Sportsnet’s Elliotte Friedman who reports of a $1.75 Billion offer: “There is a new name to watch regarding the potential sale of the Pittsburgh Penguins. The Chicago-based Hoffmann family, owners of the ECHL’s Florida Everblades, has emerged as a serious contender to purchase the NHL team from Fenway Sports Group. David Hoffmann, founder and chairman of the Hoffmann Family of Companies, bought the Everblades from former Carolina Hurricanes owner Peter Karmanos in 2019. He told the Naples Daily News at the time that he’d looked into buying both NHL and NBA teams. “
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