Fenway Sports Group (FSG) has agreed in principle to sell the Pittsburgh Penguins to the Chicago-based Hoffman Family of Companies, according to multiple reports.Hockey insider Frank Seravalli, who is part of Amazon Prime Video’s NHL coverage, was the first to report the agreement on Wednesday. Seravalli said an official announcement is expected in the coming days.ESPN’s Emily Kaplan said the deal is pending approval from the NHL Board of Governors.A spokesperson for FSG told WMTW media partner WTAE by e-mail: “I’ve seen that reporting as well but there is no formal agreement in place to confirm or announce at this time.”FSG, the ownership group behind the Boston Red Sox, acquired the Pittsburgh Penguins in December 2021 for $900 million. According to Forbes, the Penguins are valued at $1.75 billion, which ranks 22nd out of 32 NHL teams.FSG also owns Liverpool Football Club of the English Premier League, NASCAR’s Roush Fenway Keselowski (RFK) Racing and Boston Common Golf of Tomorrow’s Golf League (TGL). In 2024, FSG led a consortium of investors, Strategic Sports Group, that spent $1.5 billion to form PGA Tour Enterprises, a new commercial venture tasked with modernizing professional golf and providing nearly 200 PGA Tour players with equity in the new enterprise.The FSG leadership team includes principal owner John Henry, chairman Tom Werner, president Michael Gordon and CEO Sam Kennedy.The Hoffman Family of Companies operates more than 200 acquired brands and properties in 30 countries. The group is led by founder and chairman David Hoffman.

BOSTON —

Fenway Sports Group (FSG) has agreed in principle to sell the Pittsburgh Penguins to the Chicago-based Hoffman Family of Companies, according to multiple reports.

Hockey insider Frank Seravalli, who is part of Amazon Prime Video’s NHL coverage, was the first to report the agreement on Wednesday. Seravalli said an official announcement is expected in the coming days.

ESPN’s Emily Kaplan said the deal is pending approval from the NHL Board of Governors.

A spokesperson for FSG told WMTW media partner WTAE by e-mail: “I’ve seen that reporting as well but there is no formal agreement in place to confirm or announce at this time.”

FSG, the ownership group behind the Boston Red Sox, acquired the Pittsburgh Penguins in December 2021 for $900 million. According to Forbes, the Penguins are valued at $1.75 billion, which ranks 22nd out of 32 NHL teams.

FSG also owns Liverpool Football Club of the English Premier League, NASCAR’s Roush Fenway Keselowski (RFK) Racing and Boston Common Golf of Tomorrow’s Golf League (TGL). In 2024, FSG led a consortium of investors, Strategic Sports Group, that spent $1.5 billion to form PGA Tour Enterprises, a new commercial venture tasked with modernizing professional golf and providing nearly 200 PGA Tour players with equity in the new enterprise.

The FSG leadership team includes principal owner John Henry, chairman Tom Werner, president Michael Gordon and CEO Sam Kennedy.

The Hoffman Family of Companies operates more than 200 acquired brands and properties in 30 countries. The group is led by founder and chairman David Hoffman.