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1. www.wusf.org › sports › 2024/10/24Vinik completes sale of Lightning's majority ownership to ...

   www.wusf.org › sports › 2024/10/24

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   Oct 24, 2024 · Vinik paid $170 million for a Lightning team in financial shambles in 2010 and turned it into a perennial NHL contender. Under his ownership, Tampa Bay has made four Stanley Cup Final appearances and won back-to-back championships in 2020 and 2021.

2. www.bizjournals.com › tampabay › newsHow Jeff Vinik struck a deal to sell the Tampa Bay Lightning

   www.bizjournals.com › tampabay › news

   5 days ago · The first time Jeff Vinik sat down with Doug Ostrover, he wasn't looking to sell majority ownership of the Tampa Bay Lightning. Ostrover, co-CEO of a New York private equity firm, had been looking ...

3. tbbwmag.com › 2024/10/24 › jeff-vinik-sells-majorityJeff Vinik Sells Majority Stake in Tampa Bay Lightning and ...

   tbbwmag.com › 2024/10/24 › jeff-vinik-sells-majority

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   Oct 24, 2024 · Jeff Vinik, chairman and governor of the Tampa Bay Lightning, sold a significant portion of the team and Vinik Sports Group to a group of investors, led by Doug Ostrover and Marc Lipschultz. The NHL’s Board of Governors approved the sale on Oct. 1. The deal is effective immediately.

4. www.tampabay.com › news › businessSale of the Lightning will mean a $20 million boon for team ...

   www.tampabay.com › news › business

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   Oct 25, 2024 · Every full-time employee of Vinik Sports Group, about 300 in total, would share in a $20 million pool of bonuses. The minimum bonus would be $50,000. “Best owner in sports,” Lightning general ...

5. apnews.com › article › lightning-sale-vinik-nhl-edLightning owner Jeff Vinik sells majority stake in NHL team ...

   apnews.com › article › lightning-sale-vinik-nhl-ed

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   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 governors on Oct. 1.

6. www.cnbc.com › 2024/10/24 › nhl-tampa-bay-lightningJeff Vinik sells stake in NHL’s Tampa Bay Lightning to ...

   www.cnbc.com › 2024/10/24 › nhl-tampa-bay-lightning

   Oct 24, 2024 · Jeff Vinik has sold an ownership stake in the NHL’s Tampa Bay Lightning to a group of investors led by Doug Ostrover and Marc Lipschultz. Vinik will remain in control of the team and...

7. People also ask

   Who owns the Tampa Bay Lightning?

   • 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.

   Lightning owner Jeff Vinik sells majority stake in NHL team, but will rem…

   apnews.com/article/lightning-sale-vinik-nhl-ed14254697abeec40c7166c9b661ad22

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   What happens if Vinik takes control of the Lightning?

   • “In three years, control will transfer to Ostrover and Lipschultz,” the Lightning added. “Vinik will then remain an active ownership partner as an alternate governor and Vinik Sports Group board member.” Since Vinik took control of the team in 2010, the Lightning have made the playoffs 11 times in 14 seasons and won two Stanley Cup titles.

   Lightning owner Jeff Vinik sells majority stake in NHL team, but will rem…

   apnews.com/article/lightning-sale-vinik-nhl-ed14254697abeec40c7166c9b661ad22

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   Who owns the Lightning?

   • Ostrover and Lipschultz joined Vinik and private equity firm Arctos as Lightning owners on Oct. 24. Vinik will remain governor of the Lightning for the next three years, and there will be no day-to-day changes in operations.

   How Jeff Vinik struck a deal to sell the Tampa Bay Lightning

   www.bizjournals.com/tampabay/news/2024/10/28/doug-ostrover-marc-lipschultz-tampa-bay-lightning.html

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   Will Vinik leave Tampa?

   • (He lost out on one in The Tampa Edition, the boutique hotel-condo in Water Street, and the search continues.) "We're going to have a major presence in the community," Ostrover said. Vinik, whose purchase of a Colorado mansion made national news in 2023, said he has no plans to leave Tampa.

   How Jeff Vinik struck a deal to sell the Tampa Bay Lightning

   www.bizjournals.com/tampabay/news/2024/10/28/doug-ostrover-marc-lipschultz-tampa-bay-lightning.html

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   How much philanthropy did Vinik and Ostrover give to hurricane relief?

   • Ostrover and Lipschultz have already taken a page out of Vinik's playbook when it comes to philanthropy. On Monday, the expanded ownership group of the Lightning, which includes Ostrover and Lipschultz, gave $1 million to ongoing hurricane relief efforts.

   How Jeff Vinik struck a deal to sell the Tampa Bay Lightning

   www.bizjournals.com/tampabay/news/2024/10/28/doug-ostrover-marc-lipschultz-tampa-bay-lightning.html

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   What happens if Vinik & Ostrover get together?

   • Under terms of the deal, Vinik will retain full control of the team and act as the Lightning’s governor. “Vinik, Ostrover and Lipschultz have created a board of directors to oversee the strategic direction of the organization,” the team said in a statement. “In three years, control will transfer to Ostrover and Lipschultz,” the Lightning added.

   Lightning owner Jeff Vinik sells majority stake in NHL team, but will rem…

   apnews.com/article/lightning-sale-vinik-nhl-ed14254697abeec40c7166c9b661ad22

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8. www.tampabay.com › news › businessJeff Vinik sells majority stake in Lightning, but is sticking ...

   www.tampabay.com › news › business

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   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.