Penguins Sold to Hoffmann Family

The Pittsburgh Penguins are officially changing hands as the Hoffmann Family of Companies, led by Geoff Hoffmann, take over the franchise for $1.75 billion — a major leap from Fenway Sports Group’s $900 million purchase in 2021. With unanimous NHL Board approval, the deal is poised to close before the draft. The Hoffmanns, already owners of the Florida Everblades and with deep ties to Western Pennsylvania, bring a community-focused, long-term vision. Geoff Hoffmann, who founded a hockey camp for kids with Type 1 diabetes, vows to support GM Kyle Dubas and embed the team deeper in Pittsburgh’s heart. A new era is underway for the storied franchise. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/690a828ad13c88c9