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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 24, 2024 · Jeff Vinik has invested more than $100 million worth of renovations into publicly owned Amalie Arena over the past decade, including the recent addition of an massive $6.5 million outdoor digital video wall and smaller screens that line Channelside Drive.
- Vinik will sell majority ownership in Lightning. The team ...
Tampa Bay Lightning owner Jeff Vinik confirmed Tuesday that...
- Vinik will sell majority ownership in Lightning. The team ...
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 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 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 3, 2024 · Jeff Vinik has said he will maintain a significant ownership stake in the Lightning. At completion, the team’s value will be about $1.8 billion, according to Canadian sports network Sportsnet. That’s about double the current NHL standard of $950 million, paid by Michael Andlauer for the Ottawa Senators in 2023.
Aug 14, 2024 · Tampa Bay Lightning owner Jeff Vinik confirmed Tuesday that he is in discussions to sell his majority stake in the hockey team and Vinik Sports Group, but will retain daily control for the next few years. The multistage process will value the Lightning at nearly $2 billion, and Vinik will still hold a significant ownership stake.
