The Penguins are now under new ownership and one of the greatest of all-time is reportedly coming back in some capacity.
The NHL approved the sale of the Pittsburgh Penguins to the Chicago-based Hoffmann Family of Companies Tuesday.
No official numbers have been given, but it’s estimated the Penguins are being sold between $1.7 to $1.8 billion
Geoff Hoffmann the CEO of HF Companies’ Private Equity will be the incoming “Governor of the Pittsburgh Penguins”.
Greg Hoffmann will be CEO of the firm’s Real Estate arm, General Manager and Hockey Ops President Kyle Dubas and HF Companies’ founder David Hoffmann will serve as “Alternate Governors”.
"This is a defining moment for our family," said Geoff Hoffmann, incoming Governor of the Pittsburgh Penguins. "The Penguins represent everything Hoffmann Family of Companies stands for — community, excellence and long-term thinking. We look forward to building on the team’s success by providing support and resources to both Kyle Dubas and the hockey operations team, as well as the established leadership group on the business side. We're proud to represent this storied franchise and are eager to become an active, invested part of the Pittsburgh community."
The Hoffmann family also owns the Florida Everblades ECHL organization.
A source tells 93.7 The Fan, the move will also bring back Mario Lemieux to the Penguins after his involvement with the organization was greatly reduced under the former owners, Fenway Sports Group.
