The Pittsburgh Penguins are being sold to the Hoffmann family, as announced in a joint statement with Fenway Sports Group Friday. The announcement confirms Fenway Sports Group and Hoffmann Family of Companies have entered into a definitive agreement for the Hoffmans to acquire controlling interest in the team. However, the transaction is still subject to NHL Board of Governors approval. “During a formal process to explore investor interest in the Pittsburgh Penguins, we were approached by the Hoffmann family with an offer that warranted serious consideration,” said Sam Kennedy, CEO of Fenway Sports Group. “Hockey has always been a meaningful part of our family’s story, which makes this an incredibly special opportunity,” CEO of Hoffmann Family of Companies, Geoff Hoffmann said. “We’ve long admired the Pittsburgh Penguins – not just for their championship legacy and history, but for the culture, passion, and loyalty that define the organization. From our earliest conversations, we saw how deeply the Penguins are woven into the fabric of Pittsburgh. We are honored to join that tradition and excited to become an active part of the community. Fenway Sports Group has had controlling interest in the Penguins since 2021. According to the joint release, they will remain a minority shareholder for ‘a period of time’ The Penguins’ leadership will remain the same and the executive team will maintain their current roles, the release states. Included in that leadership is Kyle Dubas, the President of Hockey Operations and General Manager.

PITTSBURGH —

The Pittsburgh Penguins are being sold to the Hoffmann family, as announced in a joint statement with Fenway Sports Group Friday.

The announcement confirms Fenway Sports Group and Hoffmann Family of Companies have entered into a definitive agreement for the Hoffmans to acquire controlling interest in the team.

However, the transaction is still subject to NHL Board of Governors approval.

“During a formal process to explore investor interest in the Pittsburgh Penguins, we were approached by the Hoffmann family with an offer that warranted serious consideration,” said Sam Kennedy, CEO of Fenway Sports Group.

“Hockey has always been a meaningful part of our family’s story, which makes this an incredibly special opportunity,” CEO of Hoffmann Family of Companies, Geoff Hoffmann said. “We’ve long admired the Pittsburgh Penguins – not just for their championship legacy and history, but for the culture, passion, and loyalty that define the organization. From our earliest conversations, we saw how deeply the Penguins are woven into the fabric of Pittsburgh. We are honored to join that tradition and excited to become an active part of the community.

Fenway Sports Group has had controlling interest in the Penguins since 2021. According to the joint release, they will remain a minority shareholder for ‘a period of time’

The Penguins’ leadership will remain the same and the executive team will maintain their current roles, the release states. Included in that leadership is Kyle Dubas, the President of Hockey Operations and General Manager.