Overview
- The sale price is expected to fall between $1.7 billion and $1.8 billion, with some outlets reporting $1.7 billion.
- Completion requires NHL Board of Governors approval, and a vote could be called before the board’s next scheduled meeting in June.
- Fenway Sports Group bought controlling interest in 2021 for about $900 million, reflecting a rapid rise in team values across the league.
- The buyers are the Hoffmann Family of Companies led by David Hoffmann, who also own the ECHL’s Florida Everblades.
- Key questions include the future of regional broadcaster SportsNet Pittsburgh and Mario Lemieux’s stake or role, as the Penguins navigate a rebuild under Kyle Dubas.