A billionaire businessman has emerged as a “serious contender” to buy the Penguins.

A billionaire businessman has emerged as a “serious contender” to buy the Penguins. That's according to a report by Elliotte Friedman of Sportsnet, who says David Hoffmann is trying to buy the team for 1.75-billion dollars. Forbes estimates Hoffmann is worth 2-billion dollars and owns a company that operates dozens of businesses. He also owns a minor league hockey team in Florida. Earlier this summer, reports said former Pens owners Mario [MARY oh] Lemieux and Ron Burkle were interested in buying the team back from Fenway Sports Group. Friedman's report says their offer wasn't big enough.