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$1.7B sale involving historic NHL franchise reportedly underway: Elliotte Friedman reveals all the details
Photo credit: NHL.com
According to NHL Insider Elliotte Friedman, there are new suitors to buy the Pittsburgh Penguins from the Fenway Sports Group; the Hoffman Sports Group, which is out of Chicago, and features Mario Lemieux as part of the ownership group.
The Pittsburgh Penguins' sale just intensified, as the team just added another suitor to the mix. According to reports from NHL Insider Elliotte Friedman, the next group in a bid to buy the team back from the Fenway Sports Group is a Chicago-based firm.
The Hoffman Sports Group, which features former Pittsburgh Penguin Mario Lemieux as part of its leadership group.
The buyer group is serious about acquiring the Penguins in a $1.75 billion bid for the team, which was part of the original expansion in 1967.
The Hoffman Sports Group: Familiar With Winning
The Hoffman Sports Group already has its fingers in the sport of professional hockey, owning the ECHL's Florida Everblades.
They've seen the ECHL team make 4 deep playoff runs and three Kelly Cups consecutively before the 2023-24 season.
The Hoffman Group bought the Everblades from former Carolina Hurricanes owner Peter Karmanos in 2019.
David, who runs the organization, has a son, Geoff, who is co-CEO and has been a fixture in the local sports community in Florida, organizing a hockey camp for children with type 1 diabetes like his son.
They will be acquiring the Penguins at the start of their rebuild, and could see the team through a successful rebuild, with Mario Lemieux's help.
The Penguins could be sold at a value of $1.75 billion when all is said and done.
Previously on Chicago Hockey Insider
| POLL | ||
AOUT 20 | 165 ANSWERS $1.7B sale involving historic NHL franchise reportedly underway: Elliotte Friedman reveals all the details Do you think the Hoffman Sports Group will finalize the sale with the Pittsburgh Penguins and FSG? | ||
| Yes | 114 | 69.1 % |
| No | 51 | 30.9 % |
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