The Pittsburgh Penguins are set to change hands.
Owner Fenway Sports Group agreed in principle to sell the NHL franchise to the Hoffman family, per multiple reports on Wednesday.
The sale price is $1.7 billion, per Sportsnet's Elliotte Friedman.
Friedman originally reported in August that the Chicago-based Hoffmans were in the mix.
Fenway bought the Penguins for approximately $900 million in November 2021.
The Hoffmans already own the ECHL’s Florida Everblades.
David Hoffmann, founder and chairman of the Hoffmann Family of Companies, bought the Everblades from former Carolina Hurricanes owner Peter Karmanos in 2019. He told the Naples Daily News at the time that he’d looked into buying both NHL and NBA teams.
The Everblades won three Kelly Cups in a row from 2022-24 before losing in the championship semifinals last season.
The sale is still subject to approval by the NHL's board of governors.
