Fenway Sports Group Reaches Deal to Sell Penguins to Hoffman Family for $1.7B-$1.8B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2025
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Fenway Sports Group has reached a deal in principle to sell the National Hockey League's Pittsburgh Penguins to the Chicago-based Hoffman family, ESPN's Emily Kaplan reports, citing sources. The deal, whish is pending approval by the league's board of governors, is anticipated to have a final sale price of $1.7B-$1.8B, the author says, citing league sources. Fenway Sports Group, which also owns Major League Baseball's Boston Red Sox and the Premier League's Liverpool FC, purchased a controlling interest in the Penguins in 2021 for $900M, Kaplan notes. Publicly traded owners of sports franchises include the Liberty Braves Group (BATRA), MSG Sports (MSGS) and Manchester United (MANU).
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Analyst Views on BATRA
Wall Street analysts forecast BATRA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BATRA is 67.00 USD with a low forecast of 67.00 USD and a high forecast of 67.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 43.550
Low
67.00
Averages
67.00
High
67.00
Current: 43.550
Low
67.00
Averages
67.00
High
67.00
About BATRA
Atlanta Braves Holdings, Inc. is a holding company of Braves Holdings, LLC (Braves Holdings). Braves Holdings is the owner and operator of the Atlanta Braves Major League Baseball Club and a real estate portfolio that includes the mixed-use development, The Battery Atlanta, and is the operator of the Atlanta Braves Major League Baseball Club’s stadium, Truist Park. The Company’s segments include Baseball and Mixed-Use Development. The Baseball segment includes operations relating to the Atlanta Braves Major League Baseball Club and the Braves’ ballpark. The Mixed-Use Development segment includes retail, office, hotel and entertainment operations primarily within The Battery Atlanta. The Battery Atlanta is an approximately 2.25 million square-foot mixed-use development, located around Truist Park at the intersection of I-75 and I-285, and offers an expansive mix of market-exclusive entertainment experiences, chef-driven restaurants, boutique shopping, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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