PITTSBURGH — An agreement has been made to sell the Pittsburgh Penguins, a report says.
Citing sources, NHL insider Frank Seravalli reports that Fenway Sports Group has agreed to sell the Penguins to the Hoffmann family, a Chicago-based investment group led by David Hoffmann.
Sources say @FenwaySportsGrp has reached an agreement to sell the #NHL’s @penguins to the Hoffmann family, a Chicago-based investment group led by David Hofmann.
— Frank Seravalli (@frank_seravalli) December 17, 2025
Official announcement expected in coming days.
An official announcement is expected in the coming days, Seravalli says.
PREVIOUS COVERAGE >>> Pittsburgh Penguins sale: Fenway Sports Group reaches agreement to buy team
Fenway Sports Group purchased the Penguins in 2021 for $900 million from Ron Burkle and franchise legend Mario Lemieux, who bought the team and saved it from bankruptcy in 1999.
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