Elliotte Friedman emerges from summer hibernation with a bombshell report

Rumors have been swirling around the Pittsburgh Penguins in regards to a potential sale of the team, and now it appears that another potential buy has entered the mix.

On Monday, National Hockey League insider Elliotte Friedman broke news that the Chicago-based Hoffmann family had emerged as a legitimate contender to purchase the team from the Fenway Sports Group.

The Hoffmann Family of Companies are the current owners of the ECHL's Florida Everblades and therefore have experience in the hockey world, championship experience at that. The Everblades have made 4 deep playoff runs over the last 3 season, including 3 straight Kelly Cup championships, the ECHL's version of the Stanley Cup.

The Hoffmann Family of Companies is led by chairman and founder David Hoffman. Hoffman founded DHR Global in 1989 and grew it into one of the largest privately-held executive search firms in the industry, That in turn led to him creating the Hoffman Family of Companies which now employs over 16,00 people across the globe in 30 and includes over 200 brands.

Friedman has also shared some details regarding the potential sale price of the Penguins, one that the insider reports will come in around $1.75 billion. That is an incredible increase from the $900 million that it sold for when it was purchased by the Fenway Sports Group in 2021.

This also suggests that David Hoffman and the Hoffmann Family of Companies have stepped up to the table with a very significant offer.

Stay tuned for more on this rapidly developing story.