NHL News: A New Contender Emerges in the Pittsburgh Penguins Sale Saga

0 Diana khan August 18, 2025

A new name has surfaced in the ongoing saga of the Pittsburgh Penguins’ ownership, and it’s a name that carries some serious weight in the hockey world, albeit not at the NHL level… yet. The Hoffmann family, owners of the ECHL’s wildly successful Florida Everblades, are reportedly in serious talks to purchase the Penguins from Fenway Sports Group.

The Hoffmann Family: A New Force in the NHL?

As someone who keeps a close eye on the league’s inner workings, this doesn’t come as a total shock. David Hoffmann has been on the periphery of NHL ownership discussions for years, ever since he bought the Everblades from Peter Karmanos back in 2019. He was open about his ambitions then, and with three consecutive Kelly Cups under his belt, his desire for a bigger stage makes perfect sense. This isn’t just a business move; it’s a hockey move. The Hoffmanns know how to build a winning culture, and that’s something that should excite the Penguins’ faithful.

What’s particularly interesting is the potential for a full sale. Initially, the rumors were all about Fenway Sports Group looking to offload a minority stake. But now, with a potential sale price hovering around the $1.75 billion mark—nearly double their initial $900 million investment in 2021—it seems they’re tempted to cash in completely. And who can blame them? That’s a staggering return on investment in just four years.

While the romantic notion of Mario Lemieux and Ron Burkle swooping in to save the day is a nice thought, the financial reality of the modern NHL makes that a long shot. The franchise’s value has skyrocketed, and the Hoffmanns have the deep pockets required to play in that arena. Nothing is set in stone, but the smoke around this potential sale is getting thicker by the day. Keep your eyes on this one; the future of the Penguins could be decided very soon.