NHL Clears Penguins Prospective Buyer
The NHL has cleared the Pittsburgh Penguins’ prospective buyer. U.S.-based Hoffmann Family Companies announced THIS WEEK that it had received unanimous approval from the NHL Board of Governors to acquire the team. In a release, the company said the transaction is expected to close “imminently.” Financial terms were not disclosed. George Hoffmann will serve as the team’s governor, alongside alternate governors Greg Hoffmann, CEO of the HF Companies’ real estate arm; Kyle Dubas, Penguins general manager and president of hockey operations; and David Hoffmann, founder and chairman of HF Companies. HF Companies would take ownership from Fenway Sports Group, which purchased the Penguins in 2021 for $900 million from Ron Burkle and Lemieux.
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