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1. www.wusf.org › sports › 2024/10/03Jeff Vinik's sale of Lightning majority ownership to Doug ...

   www.wusf.org › sports › 2024/10/03

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   Oct 3, 2024 · Jeff Vinik is still running the show at the Tampa Bay Lightning, but the team has a new majority owner. The NHL Board of Governors on Tuesday approved the transfer of controlling interest in Vinik Sports Group, the company that owns the team, to a group led by billionaire investment manager Doug Ostrover.

   • Author: Rick Mayer

2. 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.

3. 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 ...

4. Videos

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     Water Street Tampa $3 Billion Project Narrated by Jeff Vinik, Chairman/Governor Tampa Bay Lightning

     12 Feb 2019

     10.6K views

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     4:20

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     1-on-1 with Jeff Vinik

     10 Mar 2020

     835 views

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     0:16

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     Play Later | 2018-19 Tampa Bay Lightning TV Spot

     7 Sep 2018

     1K views

   View all

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.wusf.org › text › sportsVinik completes sale of Lightning's majority ownership to ...

   www.wusf.org › text › sports

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   Oct 24, 2024 · Vinik will still run the show for three years and remain an active minority owner after that. With the mission of ensuring “lasting success,” Jeff Vinik’s sale of majority ownership in the Tampa Bay Lightning was made official Thursday.

7. www.tampabay.com › sports › lightningJeff Vinik working to sell majority ownership stake in Lightning

   www.tampabay.com › sports › lightning

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   Aug 13, 2024 · Vinik Sports Group owns the Lightning and the lease on Amalie Arena, manages Yuengling Center on the USF campus in Tampa and holds multimedia rights for USF intercollegiate sports.

8. People also ask

   Who owns the Tampa Bay Lightning?

   • Jeff Vinik is still running the show at the Tampa Bay Lightning, but the team has a new majority owner. The NHL Board of Governors on Tuesday approved the transfer of controlling interest in Vinik Sports Group, the company that owns the team, to a group led by billionaire investment manager Doug Ostrover.

   Jeff Vinik's sale of Lightning majority ownership to Doug Ostrover gets

   www.wusf.org/sports/2024-10-03/jeff-viniks-sale-of-lightning-majority-ownership-to-doug-ostrover-gets-the-nhls-ok

   See all results for this question

   How much does Jeff Vinik own the Lightning?

   • 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.

   Jeff Vinik's sale of Lightning majority ownership to Doug Ostrover gets

   www.wusf.org/sports/2024-10-03/jeff-viniks-sale-of-lightning-majority-ownership-to-doug-ostrover-gets-the-nhls-ok

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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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   What happened to Vinik Sports Group?

   • Under his ownership, Tampa Bay has made four Stanley Cup Final appearances and won back-to-back championships in 2020 and 2021. In 2022, Vinik sold a minority share of Vinik Sports Group to private equity firm Arctos Sports Partners.

   Jeff Vinik's sale of Lightning majority ownership to Doug Ostrover gets

   www.wusf.org/sports/2024-10-03/jeff-viniks-sale-of-lightning-majority-ownership-to-doug-ostrover-gets-the-nhls-ok

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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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9. www.sportsbusinessjournal.com › Articles › 2024Jeff Vinik sells part of Tampa Bay Lightning stake, keeps ...

   www.sportsbusinessjournal.com › Articles › 2024

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   Oct 24, 2024 · Lightning owner Jeff Vinik has "sold a portion" of the team to a new investment group -- but "will retain full control of the Bolts for the next three years,” according to Ashley Kritzer of the TAMPA BAY BUSINESS JOURNAL.