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23h ago

Hoffmann Family Emerges as Bidder for Penguins as FSG Says No Deal to Confirm

Reports peg a potential price near $1.75 billion, with Mario Lemieux’s group also weighing a bid.

Image
Charles LeClaire-Imagn Images
Apr 13, 2025; Pittsburgh, Pennsylvania, USA; Pittsburgh Penguins center Evgeni Malkin (71) skates with the puck against the Boston Bruins during the third period at PPG Paints Arena. Mandatory Credit: Charles LeClaire-Imagn Images

Overview

  • Sportsnet’s Elliotte Friedman reported the Chicago-based Hoffmann family, owners of the ECHL Florida Everblades, as a serious contender to buy the Pittsburgh Penguins.
  • Fenway Sports Group said it is evaluating potential equity partners and has nothing to confirm regarding a sale.
  • Recent reporting places a possible transaction around $1.75 billion, compared with FSG’s roughly $900 million purchase in 2021.
  • Sources stress that negotiations are ongoing and no agreement — minority or majority — has been reached.
  • A separate group led by former co-owner Mario Lemieux has been reported as exploring a bid to reacquire the team.