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

EPISODE · Jun 24, 2026 · 3 MIN

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

from Pittsburgh All Local

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.

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.

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

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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...

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