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$600 million
- Vinik, 65, made a fortune operating his own hedge funds and managing Fidelity's flagship Magellan Fund. His net worth is estimated at more than $600 million.
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Oct 25, 2024 · Vinik bought the Lightning in 2010 for US$170 million. Under his ownership, the franchise won back-to-back Stanley Cups in 2020 and 2021, and have qualified for the playoffs 11 times in 14 seasons.
Oct 24, 2024 · TAMPA — 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.
Oct 25, 2024 · TAMPA, Fla. (AP) — Tampa Bay Lightning owner Jeff Vinik announced Thursday that he has sold a majority stake of the NHL team but will retain control of the franchise for the next three years. The team said the sale for an undisclosed price to a group of investors led by Doug Ostrover and Marc Lipschultz was approved by the NHL board of ...
Oct 24, 2024 · According to the team, Vinnik will remain an ownership partner as an alternate governor and Vinik Sports Group board member. According to Kurt Badenhausen of Sportico , Ostrover and Lipschultz are buying over 50 percent of the franchise, with the valuation sitting at $1.8 billion.
Oct 24, 2024 · The Tampa Bay Lightning's ownership group is expanding. Vinik Sports Group, run by titan investor Jeff Vinik, is selling a portion of the National Hockey League team to a group of investors led by ...
Oct 3, 2024 · Vinik purchased the Lightning after making a fortune operating his own hedge funds and managing Fidelity's flagship Magellan Fund. His net worth is estimated at more than $600 million. He remains a part-owner of baseball’s Boston Red Sox.