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flag Pittsburgh Penguins near $1.7B sale to Chicago's Hoffman Group, pending NHL approval.

flag The Pittsburgh Penguins are nearing a sale to the Hoffman Group, a Chicago-based company led by David Hoffman, according to multiple reports. flag The deal, pending NHL approval, would see the team sold for $1.7 billion to $1.8 billion, nearly doubling Fenway Sports Group’s 2021 purchase price. flag The sale marks a shift from earlier speculation about a minority stake and would be the team’s third owner in four years. flag The new ownership will inherit a franchise in transition as stars Sidney Crosby and Evgeni Malkin near the end of their careers. flag No official confirmation has been made by either party.

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