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Jeff Vinik sells majority stake in Lightning
Jeff Vinik sells majority stake in Lightning, but is sticking around
Jeff Vinik has sold a majority interest of the Tampa Bay Lightning, along with his Vinik Sports Group, to a pair of Wall Street investors and their partners. Vinik, who has been widely praised for his philanthropy around Tampa Bay and willingness to spend freely to keep the Lightning atop the standings,
Vinik completes anticipated sale of shares of Tampa Bay Lightning
The owner of the city’s National Hockey League team has sold a portion of the team and plans to run it day-to-day for the next few years.
Vinik sells ownership shares of Tampa Bay Lightning
The sale of the Lightning comes just over a year after Vinik exited Strategic Property Partners, the developer of Water Street Tampa, by selling his share of the firm to Kirkland, Washington-based Cascade Investment LLC. Cascade is Microsoft co-founder Bill Gates' investment fund and was Vinik's partner from the inception of SPP in 2014.
Jeff Vinik sells stake in NHL's Tampa Bay Lightning to investor group
Jeff Vinik sold a portion of the NHL's Tampa Bay Lightning to a group of investors led by Doug Ostrover and Marc Lipschultz, both of Blue Owl Capital.
Tampa Bay Lightning Chairman Jeff Vinik Sells Stake to New Co-Owners with Continuation Plans in Place
The Tampa Bay Lightning's chairman Jeff Vinik sold a portion of the team to a group including Doug Ostrover and Marc Lipschultz.
Jeff Vinik sells part of Lightning stake, keeps control for three years
Tampa Bay Lightning owner Jeff Vinik has sold a portion of the hockey club to a new investment group but will retain full control for the next three years.
Lightning owner sells majority stake, will hand over control in three years
Jeff Vinik has sold his controlling stake in the Lightning but will continue to lead the organization for the next three years, the team announced Thursday. Why it matters: The Lightning have been among the NHL's top franchises in Vinik's 14 years as owner, including back-to-back Stanley Cups in 2020 and 2021.
Lightning announce partial sale, Vinik to keep full control for three years
The Tampa Bay Lightning announced the sale of a portion of the franchise Thursday to a group of investors led by Doug Ostrover and Marc Lipschultz.
NHL's Lightning Sold for $1.8B, Vinik Retains Control
The Tampa Bay Lightning sold a stake in the NHL club to a group of investors led by Doug Ostrover and Marc Lipschultz, the team announced Thursday morning. For the next three years, current owner Jeff Vinik will keep full control of the team and serve as the team's governor before control transfers to Ostrover
National Hockey League
10h
Jeff Vinik announces expansion of Tampa Bay Lightning ownership group
TAMPA
BAY
–
Tampa
Bay
Lightning
Chairman & Governor
Jeff
Vinik
and
Vinik
Sports Group today announced the ...
WTSP
13h
Tampa Bay Lightning owner announces sale of portion of NHL team
TAMPA
, Fla. —
Tampa
Bay
Lightning
owner
Jeff
Vinik
announced the sale of a portion of the
Tampa
Bay
...
9h
Tampa Bay Lightning Announce Sale to New Ownership Group and Reveal 3-Year Plan
The Tampa Bay Lightning announced Thursday that owner Jeff Vinik has sold a stake in the franchise to a group of investors led by Doug Ostrover and ...
wusf
7h
Vinik completes sale of Lightning's majority ownership to Wall Street billionaires
Jeff Vinik says new owners Doug Ostrover and Marc Lipschultz will maintain the team's winning legacy for "generations." Vinik ...
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