Overview

• The Chicago-based Hoffmann family, owners of the ECHL’s Florida Everblades since 2019, has been identified by Sportsnet’s Elliotte Friedman as a serious bidder for the NHL franchise
• The potential price tag of roughly $1.75 billion would nearly double Fenway’s $900 million investment from November 2021
• Geoff Hoffmann, co-CEO of Hoffmann Family Companies, is expected to join his father, David, in any Penguins acquisition bid
• Fenway Sports Group has shifted its focus from selling a minority stake to pursuing a larger or full exit as discussions advance
• No agreement has been reached and interest from former co-owners Mario Lemieux and Ron Burkle may be constrained by the franchise’s increased valuation