The Pittsburgh Penguins are getting new ownership after the NHL approves a billion-dollar sale.

The Pittsburgh Penguins are getting new ownership after the NHL approves a billion-dollar sale. The NHL Board of Governors unanimously approved the Hoffman Family of Companies’ purchase of the Penguins from Fenway Sports Group. The deal is estimated at about $1.75 billion. Geoff Hoffman will serve as the team’s governor, while his brother Greg, general manager Kyle Dubas and company founder David Hoffman will serve as alternate governors. On the Big K Morning Show, the team's communications spokesperson Paul Steigerwald talked about the new owners. Fenway Sports Group bought the team in 2021 for about $900 million.