JOURNAL ARTICLE

Fenway Agrees to Sell Pittsburgh Penguins to Hoffmann Family.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Williams, Randall 3 of 3

Abstract

The article discusses Fenway Sports Group's agreement in principle to sell the Pittsburgh Penguins hockey team to the Hoffmann Family of Companies, valuing the franchise between $1.7 billion and $1.8 billion. The sale is pending approval from the National Hockey League's Board of Governors, with a potential vote before their next meeting in June. The Hoffmann Family, a private equity firm based in Chicago, owns over 100 companies, including the ECHL's Florida Everblades. Fenway Sports Group previously acquired a controlling stake in the Penguins for $900 million in 2021 and also owns other major sports franchises, including the Boston Red Sox and Liverpool Football Club. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/12, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2025
  • Accession Number:190303848
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