Hoffman Sets Sights on Buying Cards

[nighthawk]

So says the St. Louis Business Journal....

https://www.bizjournals.com/stlouis/new ... 2026-02-05

Billionaire David Hoffmann said he came in second when the St. Louis Blues were sold in 2012, but he said Thursday he has a new acquisition target in mind – the St. Louis Cardinals.

The Washington, Missouri-native and his sons are buying a controlling stake in the Pittsburgh Penguins, pending approval from the National Hockey League’s Board of Governors. From there he hopes to eventually keep adding to his professional sports portfolio.

“What we plan to do is buy (the Penguins franchise), pay it off and buy a baseball team. We’d like that to be the Cardinals,” Hoffmann said at the St. Louis Business Journal's Advance STL event at the St. Louis County Library – Clark Family Branch.

[C-Unit]

Well knock me down there you go

[Ozziesfan41]

Hopefully dewitt sells since baseball isnt very profitable

[Goldfan]

And there you go……things are aligning. These stories and content aren’t written without a plan in place.
I think a few of us have been alluding to this for a while…….
All the signs were there

[Goldfan]

Hopefully he’s bringing some deep pocket billionaire buddies with him as well

[Goldfan]

https://www.forbes.com/profile/david-hoffmann/

[OldRed]

And who doesn't think Mr. DeWitt would sell if the purchase price were right.

[CCard]

Well..... I've said that IF Dewitt is selling the team that this is the path they would take. Divest of all contracts they can and make it more palatable for a new owner to purchase. Hoffman is a Missouri native so maybe he has an affinity for the Cards. New owner, probably a new public financed stadium. And the wheel turns.

[Ronnie Dobbs]

I don't know. He seems to have zapped most of the good out of Augusta. And he owns the paper. You all like to talk about the local media and its supposed hesitation to criticize the Cardinals, but how bad do you think it would be with the guy who owns the paper?

He certainly is another billionaire though.

[BleedingBleu]

https://www.forbes.com/profile/david-hoffmann/

Ah, good. The #1,763 richest man in America

[ICCFIM2]

Interesting. But, is he who we really want owning the team? He is worth a lot, but $2.5B is not open checkbook wealth given the baseball salary structure. Plus, isn't this the same guy that started a development in Augusta MO, started buying stuff and then stopped?

[rockondlouie]

Interesting. But, is he who we really want owning the team? He is worth a lot, but $2.5B is not open checkbook wealth given the baseball salary structure. Plus, isn't this the same guy that started a development in Augusta MO, started buying stuff and then stopped?

^^^THIS^^^

And the Cardinals are valued at $2.5B so he'd need partners (like BDWJr did when he purchased them).

I've heard this rumor before that the Washington, Mo native wanted to buy the Cardinals.

I think this is all just chatter................but lets keep a close eye on it since BDWJr may not like the climate around MLB after the new CBA is announced and there's no salary cap.

[45s]

Interesting. But, is he who we really want owning the team? He is worth a lot, but $2.5B is not open checkbook wealth given the baseball salary structure. Plus, isn't this the same guy that started a development in Augusta MO, started buying stuff and then stopped?

Good observation on the total wealth…..but he’s a local guy that’s interested

The super, super rich are more likely interested in the big markets…

[Ronnie Dobbs]

Interesting. But, is he who we really want owning the team? He is worth a lot, but $2.5B is not open checkbook wealth given the baseball salary structure. Plus, isn't this the same guy that started a development in Augusta MO, started buying stuff and then stopped?

I said the same thing. Bought out most of the businesses there, slapped his name on everything, and made everything look exactly the same. And what is going to happen to that town now that he got bored with it?

[ramfandan]

Well..... I've said that IF Dewitt is selling the team that this is the path they would take. Divest of all contracts they can and make it more palatable for a new owner to purchase. Hoffman is a Missouri native so maybe he has an affinity for the Cards. New owner, probably a new public financed stadium. And the wheel turns.

But don't forget there is another Missouri native far wealthier than him ... Stanley Kroenke

Kroenke owns the NFL Rams, Denver Nuggest NBA , Colorado Avalanche NHL , Aresenal FC (Premier League ) his priciest team , Colorado Rapids MLS
Colorado Mammoth NLL and also the largest private landowner in the U.S.
Many know how much he loves the St. Louis area ... Maybe he could get a new stadium built here .. He built So Fi in LA on his own dime

He could offer DeWitt a far higher price . Hoffman at $2.5 B worth .. Kroenke $21.3 B and that does NOT count his wife's fortune , Ann Walton $13.4 B

[OldRed]

This team has had 3 owners in my lifetime. The last Two have made a big difference; what is it to say a new owner wouldn't make a difference?