US EditionPublished • loading... • Updated
Reports: Fenway Sports Group to Sell Penguins to Hoffmann Family
The Hoffmann family cited admiration for the Penguins' legacy and culture as reasons for the acquisition, which awaits National Hockey League Board of Governors approval.
- The Hoffmann Family of Companies signed a definitive agreement to acquire a controlling interest in the Pittsburgh Penguins, subject to National Hockey League's Board of Governors approval, a release says.
- Chicago-Based Hoffmann Family of Companies, managed by Geoff and Greg Hoffmann, owns the Florida Everblades and operates more than 125 global brands, admiring the Penguins' legacy and fan loyalty.
- Team governance will include Geoff Hoffmann as governor, with Greg and David Hoffmann as alternates, while Kyle Dubas and Teddy Werner remain in leadership roles through the close, a release says.
- Fenway Sports Group will remain a minority partner, retaining a stake and supporting sponsorships and regional sports management, with CEO Sam Kennedy calling the Hoffmanns "thoughtful stewards" of the franchise.
- The Hoffmanns' business scale positions them as resource-rich owners with a corporate portfolio employing over 17,000 people, while Geoff Hoffmann founded Type 1 Timer Hockey in 2022.
Insights by Ground AI
34 Articles
34 Articles
The Penguins announced on Friday that Hoffmann Family of Companies and FSG had agreed on a sale.
·Montreal, Canada
Read Full Article
Marietta Daily JournalReposted by 
Arizona Daily Sun
Arizona Daily SunHoffmann family agrees to buy Penguins from Fenway Sports Group
The Chicago-based Hoffmann family has officially agreed to acquire a controlling stake in the Pittsburgh Penguins from Fenway Sports Group, the two companies announced Friday.
·Georgia, United States
Read Full Article
Coverage Details
Total News Sources34
Leaning Left10Leaning Right3Center12Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 40%
C 48%
12%
Factuality
To view factuality data please Upgrade to Premium
