{"id":229847,"date":"2026-06-27T20:04:17","date_gmt":"2026-06-27T20:04:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/229847\/"},"modified":"2026-06-27T20:04:17","modified_gmt":"2026-06-27T20:04:17","slug":"hoffmann-family-of-companies-buys-pittsburgh-penguins-in-1-75b-sale-eyes-everblades-affiliation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/229847\/","title":{"rendered":"Hoffmann Family of Companies buys Pittsburgh Penguins in $1.75B sale, eyes Everblades affiliation"},"content":{"rendered":"

Hoffmann Family of Companies buys Pittsburgh Penguins in $1.75B sale, eyes Everblades affiliation<\/p>\n

\"Bradley<\/a>PITTSBURGH \u2014<\/p>\n

One of the most successful sports ownership groups just got a little bigger. <\/p>\n

Hoffmann Family of Companies founder and chairman David Hoffmann said, “I think sports is a big part of my life, it always has been, it has been of Sean’s too, and it’s just something that’s in our blood.”<\/p>\n

Since the Hoffmann Family of Companies purchased the Florida Everblades in August 2019, the team has achieved steady success.<\/p>\n

Four Kelly Cups in five seasons, but now a new chapter is here for this Private Equity Firm.<\/p>\n

The Hoffmann family has purchased the Pittsburgh Penguins for a price of $1.75 billion, the second-largest purchase price ever for an NHL franchise, but this decision is about more than just owning a team.<\/p>\n

Geoff Hoffmann, incoming governor of the Pittsburgh Penguins, said, “This is not an investment for us as you think of a financial investment. This is a commitment to a city. The Penguins are going to be in Pittsburgh and will always be in Pittsburgh as long as the Hoffmanns are a part of it and the Hoffmanns plan to be a part of this for generations to come.” <\/p>\n

During a media briefing, the new ownership group said that they will own the Penguins and their AHL affiliate, while also retaining the rights to the Florida Everblades.<\/p>\n

The Everblades are still without a professional affiliate after the St. Louis Blues agreed to a deal with Worcester, and with the Penguins’ 29-year affiliation with Wheeling set to expire, the writing appears to be on the wall for the Hoffmanns’ hockey teams.<\/p>\n

When asked, ‘Do you want the Everblades to be affiliated with the Penguins?’ David Hoffmann said, “One-hundred percent. I think they would run me out of Naples if they’re not. We already have people wearing Penguins jerseys at our games, so I think that there is a high expectation that will happen.”<\/p>\n

The Hoffmann family said we should expect clarity on the ECHL level over the next few weeks. <\/p>\n

DOWNLOAD\u202fthe free\u202fGulf Coast News app<\/a>\u202ffor your latest news and alerts on breaking news, weather, sports, entertainment, and more on your phone or tablet. And check out the Very Local Gulf Coast app<\/a> to stream news, entertainment and original programming on your TV.<\/p>\n","protected":false},"excerpt":{"rendered":"Hoffmann Family of Companies buys Pittsburgh Penguins in $1.75B sale, eyes Everblades affiliation PITTSBURGH \u2014 One of the…\n","protected":false},"author":2,"featured_media":229848,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[73,75,74,15411,99503,94429,99504],"class_list":["post-229847","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pittsburgh","tag-pittsburgh","tag-pittsburgh-headlines","tag-pittsburgh-news","tag-streams","tag-us-privacy-notice-term","tag-use-nextfre","tag-wbbh"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/229847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=229847"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/229847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/229848"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=229847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=229847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=229847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}