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Fenway Sports Group reaches deal to sell Penguins

Fenway Sports Group selling Penguins to Chicago-based Hoffmann family for $1.7 billion, per reports

For the second time in the last five years, ownership of the Pittsburgh Penguins is changing hands. Fenway Sports Group (FSG) is selling the franchise to the Chicago-based Hoffmann family investment group, per NHL insider Frank Seravalli.

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Fenway Sports Group Reportedly Selling NHL Team For Over $1 Billion

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Sources: Fenway Sports Group to sell Penguins to Hoffmann family

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Reports: Fenway Sports Group to sell Penguins to Hoffmann family

Fenway Sports Group has agreed in principle to sell the Pittsburgh Penguins to the Chicago-based Hoffmann family, multiple media outlets reported on Wednesday.

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Fenway Sports Group agrees to sell Penguins to Hoffmann family

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Pittsburgh Penguins reportedly being sold to Chicago-based group

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Pittsburgh Penguins to be sold to Chicago-based group, sources say

The team was sold to the Fenway Sports Group in 2021 after being sold by former Penguin Mario Lemieux.

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Report: Fenway Sports agrees to sell Penguins to Hoffmann family

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Pittsburgh Penguins will be sold to Chicago-based investment group, report says

PE Hub

Arctos bets on baseball after PBG investment; One Equity doubled EBITDA value of InfuCare before selling back to founder

The deal follows Marc Lasry’s Avenue Sports Fund’s launch of OnDeck Partners, a new sports ownership group entering Minor League Baseball. Last week, OnDeck acquired the Montgomery Biscuits (Double-A affiliate of the Tampa Bay Rays) and the Visalia Rawhide (Single-A affiliate of the Arizona Diamondbacks).

Major League Baseball

Astros to sell 3 Minor League affiliates to Diamond Baseball Holdings

The Astros on Tuesday announced they had agreed to sell three of their Minor League affiliates -- Triple-A Sugar Land, Double-A Corpus Christi and Single-A Fayetteville -- to Diamond Baseball Holdings,