Penguins sale cleared: Hoffmann family to acquire team ahead of 2026 Draft
The NHL Board of Governors unanimously approved the Pittsburgh Penguins' sale to the Hoffmann Family of Companies for about $1.75 billion, with closing expected before the 2026 NHL Draft; Fenway Sports Group purchased the team in 2021 for roughly $900 million, and Geoff Hoffmann will serve as governor as the Hoffmanns take ownership and continue expanding their hockey and community ventures.