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Hoffmann Family Buys Penguins for $1.7 B, Plans Upgrades

6/26/2026

Summary

Story summary

The Hoffmann Family purchased the Pittsburgh Penguins for about $1.7 billion, received NHL approval in June 2026.
Governor Geoff Hoffmann said the team will stay in Pittsburgh while the owners plan arena upgrades at PPG Paints Arena within 12-18 months and a downtown hotel in the Lower Hill District mixed-use project.
They confirmed the Florida Everblades as the Penguins’ primary ECHL affiliate and pledged support for GM Kyle Dubas to pursue a championship.

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Story summary

The Hoffmann Family purchased the Pittsburgh Penguins for about $1.7 billion, received NHL approval in June 2026.
Governor Geoff Hoffmann said the team will stay in Pittsburgh while the owners plan arena upgrades at PPG Paints Arena within 12-18 months and a downtown hotel in the Lower Hill District mixed-use project.
They confirmed the Florida Everblades as the Penguins’ primary ECHL affiliate and pledged support for GM Kyle Dubas to pursue a championship.