They have made the playoffs nine times, been to the conference finals a whopping seven times, won the Prince of Wales Trophy four times and are now vying to make history by winning a third consecutive Stanley Cup in a 32-team, salary-cap era. He believed in people, in the market, and has this way to create loyalty back to himself by treating people well. Jeff has given the organization the support, year in, year out, to compete for the Cup and also build the fan base. As Vinik enters his 12th year of ownership, the Lightning are recognized nationally as one of the top organizations in North American sports, having appeared in the National Hockey League's Eastern Conference Final/Stanley Cup Semifinal six times (2011, 2015, 2016, 2018, 2020 & 2021), advancing to the Stanley Cup Final three times (2015, 2020 & 2021), winning hockey's ultimate prize in 2020 and 2021. When we won the Presidents Trophy (in 2010) and we lost in the first round (to Montreal), the howls from media and some fan quarters were: Blow the team up. Under the Cur(ate) TPA umbrella, Griggs oversaw the design and opening of the new Cigar City Brewing Taproom on Ford Thunder Alley. He wound down VAM in 2013 to focus on his Yuengling & Son, America's Oldest Brewery, who has maintained a facility near the university since 1999. We hired brilliant people in Tod Leiweke and Steve Griggs. The JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application. After a very successful career at the firm, Vinik left to start his own hedge fund, Vinik Asset Management which was the catalyst that brought him the wealth, network and knowledge required to punch his ticket into professional sports (from Manager of Magellan Fund Quits, Washington Post, 05/25/1996). Jeff helped solve an issue for Gary in a big way because it went from a problem for the league to quite a success. Vinik laughs at the notion that it was a difficult decision to not blow things up. Vinik turned to his network again and Sperling introduced him to the CEO of the Seattle Seahawks, one of the brightest business minds in professional sports, Tod Leiweke. He is on the board of Sofie Biosciences. They were about to miss the playoffs for a third consecutive season and were accruing annual losses well into eight figures. After growing up in New Jersey and attending high school at Riverdale Country School in New York City, Vinik graduated from Duke University (1981) with a Bachelor of Science degree in Engineering and Economics. In August of 2018, the Viniks helped cut the ribbon on the $2.5 million Jeff and Penny Vinik Family Winston Park Boys and Girls Club in east Tampa. For all other types of cookies we need your permission. Before purchasing the Lightning in February 2010, the New Jersey native attended Harvard Business School where he obtained an MBA before joining Fidelity Investments. I ran the Lightning until we brought in the cavalry, Sperling says, before snickering. At Theragnostics, Greg has been instrumental in raising capital via grant funding and private investment. When a prospective owner reaches out to NHL commissioner Gary Bettman to inquire about taking on a franchise, Bettman sends them to Tampa to learn from Vinik. He has taken vaccines from discovery through to pediatric Phase 2b clinical trials while at the National Institutes of Health in the United States. Thats really dire. Koules and Barrie bought the team in 2008, but Barrie ran into legal problems, was not getting along with Koules and the two didnt have the means to make it work long-term as owners during a turbulent time in the economy. Vinik has worked in the investment management business his entire career. I couldnt have done it. Analytical cookies are used to understand how visitors interact with the website. He started the Conflict Islands Conservation Initiative and runs volunteer programs for turtle protection and coral research. Killorn adds that Vinik couldnt be a better owner. Jeff and Penny Vinik want to ensure theyre making an impact not just in the immediate term but 20 or 30 years from now. Top prospect Taj Bradley, Rays take on Red Sox today, Rays Tyler Glasnow sustains oblique injury during practice, Lightnings defensive lapses lead to rout by Penguins, Selection to Lightning Hall of Fames inaugural class very, very special for Phil Esposito, St. Petersburg, Tampa Bay Rays to discuss these 9 topics about Tropicana Field. Additionally, he donated $300,000 to provide food boxes for underprivileged families in the Tampa area and, with his donation, 300 meal boxes are being provided each day. And again, thats scary, but it was also opportunity to bring in people that bring their A games every day. Their research produced some interesting results. At that time, Penny Vinik said her marriage was irretrievably broken in her petition. Beginning at Fidelity Investments he went on to helm the Magellan Fund before leaving to establish his own firm, Vinik Asset Management, a long-short equities hedge fund. You will be hard-pressed to find anyone who is not happy for the 61-year-olds first Cup victory (save the 30 other NHL owners). He has served on several non-profit boards, including United Way of Massachusetts Bay, Duke University, and the United States Figure Skating Foundation. On June 10, 2018, TBEP announced a new multi-year agreement to rename the Sun Dome to the Yuengling Center, partnering with D.G. Follow Michael on Twitter @RussoHockey, Nikita Kucherov and Jeff Vinik (Mark LoMoglio / Tampa Bay Lightning), Joe Biden and Jeff Vinik (Mark LoMoglio / Tampa Bay Lightning), Jeff Vinik (Douglas DeFelice / USA Today), Fall Out Boy to play a celebratory Cup party. We had a great team. Vinik, the owner of the Tampa Bay Lightning, recently donated more than $1 million to the V Foundation for Cancer Research. The turnaround was nothing less than spectacular. Three crowd-pleasing art installations: the Beach Tampa at Amalie Arena in 2016, the free collection of Lego sculptures known as the Art of the Brick in 2017, and Yayoi Kusamas Love is Calling to the Tampa Museum of Art in 2018. He also oversaw the introduction of the Lightning and AMALIE Arena's new Cur(ate) TPA initiative, bringing to life a focus to deliver fans and arena guests the very best in fresh, local food and beverage options, while also concentrating on variety, value, service and sustainability. Tampa Bay sale all but done.. Jeff Vinnik Boston hedge fund guy buys from Oren Koules and Len Barrie.. Should be announced friday.. Jeff and Penny reside in South Tampa and have four children: Danny, Jared, Kyra, and Joshua. Ian acquired the Conflict Islands atoll in Papua New Guinea and is a passionate conservationist, dedicated to preserving the natural beauty and diverse, revered ecosystem of the islands. This program alone has surpassed the $20 million mark. Ian champions many charitable organizations with emphasis on providing support for education and the environment. Hes built Tampa into a great hockey market.. Not surprisingly, Vinik and Leiweke hit it off instantly and began discussing the possibility of Leiweke overseeing the business operations of Viniks new investment. The Aurora, Ontario native also worked for Maple Leaf Sports & Entertainment (MLSE), the NBA's Toronto Raptors (1994-99) and the NHL's Toronto Maple Leafs (1998-99) as the director of ticket sales and service, where he led the sales and relocation efforts from historic Maple Leaf Gardens into Air Canada Centre in Toronto. Slectionnez Grer les paramtres pour grer vos prfrences. Jeff Vinik also is a member of FBN Partners, a group of local investors who have loaned $15 million to the Times Publishing Company, which owns the Tampa Bay A court document search Tuesday evening showed the case remained open, but sources familiar with the case said Penny Vinik voluntarily dismissed the case on Tuesday. Related: From NHL Pause to Playoffs: How to End the 2019-20 Regular Season. Thats how fond Leonsis has become of Vinik how much respect he has for the Caps Eastern Conference rivals owner because of the work he has done to turn the Lightning into a model franchise. Upon acquiring the Lightning, Vinik vowed to make the organization "world-class," creating an unrivaled fan experience while putting together a team of which Tampa Bay sports fans would be proud, on and off the ice. Twelve years ago, shortly after Vinik purchased the team from Hollywood television and movie producer Oren Koules and former NHL player Len Barrie, Vinik, Leiweke, Griggs and then-chief financial officer Martha Fuller sat in the stands to watch a game in Section 312. Off the ice, the Lightning brand has been completely revitalized and transformed, having been lauded by both ESPN as the No. WebIn Fall 2018, VFF will loan Yayoi Kusama's Infinity Room LOVE IS CALLING to the Tampa Museum of Art. Perhaps they contain the secret to becoming a champion both on the ice and in the community. The case was withdrawn by Penny Vinik, who in June filed a petition to dissolve her marriage to 61-year-old Jeff Vinik, the Tampa Bay Lightning owner and Water Street Tampa project developer. In 2008, Vinik began to ponder the next chapter of his life and what that would look like. There are probably a few owners who would be well served to study the notes Vinik took back in 2008. Analytics cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously. Then we got swept. Since 2011, the Lightning have honored a Community Hero at every game and presented that hero with a check for $50,000 to donate to a non-profit charity of their choice. Greg went on to become Chief Scientific Officer at Mediso Ltd where he developed cancer specific imaging procedures to achieve high quality and accurate data to enable better diagnosis of cancer. Enter Search Term. If theres anything Ive learned over the last 12 years, I think Im pretty good at hiring people.. Previously, had been manager of large equities hedge fund. Its an absolute fairy tale, because that thing was so broken and busted down in 2010.. His Lightning franchise has finished in the top 10 in league attendance for eight consecutive seasons, and they have been resurrected as Stanley Cup Champions while Vinik continued to pay his full-time staff their full salaries during the NHL shut down due to the pandemic. Just in the Everglades.. Lightning's Jeff Vinik profiled as NHL's model owner 6.21.2022 When Vinik bought Lightning for reported $170M in '10, the team had 2,000 full season-ticket holders and little corporate support Getty Images Were not going to blow it up! The Official Site of the Tampa Bay Lightning. Penny Vinik, 57, filed a petition Monday in Hillsborough Circuit Court to dissolve her marriage with Jeff Vinik, 61, the owner of the Tampa Bay Lightning and a developer of Water Street Tampa. If I knew then what I know now, I probably wouldnt have bought the team, Vinik says with a chuckle and wry grin. And behind the bench, Jon Cooper has lasted 10 years and counting, surviving Game 7 conference final losses, missed playoffs and a 2019 sweep to Columbus after winning the Presidents Trophy. In Fall 2018, VFF will loan Yayoi Kusama's Infinity Room LOVE IS CALLINGto the Tampa Museum of Art. Theres a reason why you hire experts to do the job. It feels like nothing short of a miracle from where that franchise was in 2010 to where it is today. The Lightning repeated the feat, becoming just the second team since the turn of the century to go back-to-back, after downing the Montreal Canadiens in five games to capture a second-straight Stanley Cup on July 7, 2021. He graduated Phi Beta Kappa from Duke He has extensive product and clinical development experience across a range of small molecule and biological products. New Bucs offensive coordinator Dave Canales staff nearly set, As Tampa Bay sales grow, sport bike maker Ducati plans giant dealership. Together, they have been one of the areas leading philanthropic families. He has covered the NHL since 1995 (Florida Panthers) and the Wild since 2005, previously for the South Florida Sun-Sentinel and Minneapolis Star Tribune. What Jeff is doing and what he set out to do from Day 1, on and off the ice, has been second to none. Theyve been doing this since 2011. Penny Vinik also serves as vice chairwoman on the museums governing board of trustees. While Vinik was enjoying success in the financial industry, the Lightning franchise was flirting with bankruptcy and potential relocation. Oh, and on the ice, in the 12 years Vinik has owned the team, the Lightning have enjoyed unrivaled success. The first Cup, when Tampa Bay beat Dallas in the Edmonton bubble, Vinik was at home in Cape Cod with his family. Cookies are small text files that can be used by websites to make a user's experience more efficient. Its all about the third one right now, Vinik says. Asked if hes in it for life and this could be generational ownership for his kids to follow in his footsteps, though, the 63-year-old says, Not necessarily. Ian focuses on investing in private sector opportunities and taking them to the public markets. You may have heard of Vinik. Ian has also invested in the mining, oil and gas sectors, with exploration and production activities in Vietnam, Papua New Guinea and Zambia. I dont think that far ahead. Does New College have money to pay Richard Corcorans salary? He hired the perfect people Leiweke on the business side and Steve Yzerman on the hockey side, two people Vinik called slam dunks to guide the ship. This cookie is installed by Google Analytics. $5 million to the endowment at the Tampa Museum of Art to support the position of executive director. Baden is a co-founding Director of Theragnostics, and brings to the company his experience in developing and financing SMEs. In addition, the team has added several new best-in-brand local, national and international partners including Cigar City Brewing, Pepsi, Grant Thornton and Ling Long Tires. So I choose to let it run, let the people do their job. Tampa Bay Lightning owner Jeff Vinik has purchased the top-floor penthouse at the Tampa Edition for $8.34 million. Ian has also invested in the mining, oil and gas sectors, with exploration and production activities in Vietnam, Papua New Guinea and Zambia. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . He sunk $40 million of his own money into a county-owned arena with no recourse. They pledged $20 million to the community since Jeff bought the Lightning in 2010 and have surpassed that amount through the teams Community Hero program alone. Breathing issues are possible at some beaches. The shine of the 2004 Stanley Cup championship had worn off and fans had grown frustrated with the teams performance and absentee ownership group. Founded in September of 2016, aXiomatic is the majority owner of the Team Liquid franchise, a stalwart esports franchise, which won DOTA2's The International 2017 and secured back-to-back North American championships in 2018 for League of Legends' North American League Championship Series. During his time in Orlando, Griggs oversaw the Magic's corporate partnerships, premium sales and services, season ticket services and operations, brand management, event presentation and ticket sales departments. Copyright 1999-2020 Lightning Hockey, L.P. and the National Hockey League. 1 Sans Walk, London EC1R 0LT, T: +44 (0)20 3355 1546 Nous, Yahoo, faisons partie de la famille de marques Yahoo. Julien and I talk probably once every week to two weeks and he just updates me on whats going on. This cookie is set by GDPR Cookie Consent plugin. In 2013 he closed his firm to focus his efforts on his growing business interests in Tampa including one of the citys leading sports properties. The accolades didn't end there as Tampa Bay was named a finalist for the Sports Business Journal's Sports Team of the Year in 2016, the only NHL team to do so. Leonsis says the patience Vinik has displayed should be a model for all owners, which is sometimes easier said than done. The organization has also been recognized for its corporate culture, being named to the Tampa Bay Times' Top 100 Best Places to Work five-consecutive years from 2014-2019. It works only in coordination with the primary cookie. He went on to earn his Master of Business Administration degree from the Harvard Business School, graduating in 1985. The Viniks champion many charitable organizations with emphasis on providing support for education, entrepreneurship, and the arts. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Hes done so much work in the stock market, hes used to ebbs and flows. These cookies track visitors across websites and collect information to provide customized ads. It wouldve been very logical to buy the Panthers, or to try to, says Vinik, who had a home in Boca Raton, Fla., at the time. Penny and Jeff have filed an abatement to the divorce proceedings as they work on reconciling their marriage, Bill Wickett, a spokesman for Jeff Vinik, told the Tampa Bay Times in an email. In a time of uncertainty, social unrest, and growing financial inequality, it seems difficult, if not absurd, to root for the success of a multi-billionaire businessman. Tampa Bay Lightning owner, and most recent Stanley Cup champion, Jeff Vinik is the exception to the rule. Thunderstruck: Celebrate the Tampa Bay Lightnings one-of-a-kind championship season with this hardcover collectors book. During Griggs' tenure with the Lightning, the organization has risen to unprecedented heights, as evidenced by the team selling out 234 consecutive games from 2015 through 2020, a streak that was halted only by the COVID-19 pandemic that kept fans from attending games in person at AMALIE Arena. From 1992-1996, Jeff ran the Fidelity Magellan Fund, the worlds largest mutual fund at the time, and was twice named Portfolio Manager of the Year, first by Morningstar in 1993 and then by Mutual Fund Magazine in 1995. We want to be able to do what they did., (Top photo: Douglas P. DeFelice / Getty Images). Whitepages people search is the most trusted directory. He is currently the Chair of the EANM Oncology & Theragnostics committee and Section Editor of the Journal of Nuclear Medicine. Vinik had toyed with buying the Dallas Stars and even the cross-state Florida Panthers. Peerfit, a Tampa digital health company, has raised $10 million in a funding round led by Tampa Bay Lightning owner Jeff Vinik and Virgo Investment Group, a San Francisco-based investment firm. Im not shy in saying hes the best owner of hockey. We had the best regular season in 20 years. Dr Langer is a graduate of Columbia University, and earned an M.D. After phase one of his plan was complete, the newest member of the NHL owners club had to get to work and quickly. Theyve given $1 million to Metropolitan Ministries for food and rent assistance and nearly $1 million more to civic relief funds in Tampa and St. Petersburg, help for University of South Florida students, an aid awareness campaign and a fund for Lightning employees. He uprooted his family his wife, Penny, and four children to Tampa, made the Lightning his full-time job and has become one of the citys biggest philanthropists. With construction underway to stabilize the business side, Vinik set his sights on the hockey side and needed to recruit a general manager who could bring the team back to being contenders. We created a monster. https://t.co/tLVEvDzG4k, Alex Killorn, in his 10th season as a Lightning forward, says, Before I got here, it wasnt a great situation by any means, but with good drafting and with Mr. Vinik hiring the right people to manage the team, here we are.. So you have to have patience. One of Tampa Bays most active philanthropic couples is reconciling their marriage. Ian was born in Australia and educated at Geelong Grammar and Melbourne University. But opting out of some of these cookies may affect your browsing experience. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. The Lightning secured two-straight Atlantic Division crowns (2018 and 2019) and their third and fourth division titles overall with Griggs as CEO. If no results appear, use Enter to do a full site search. LinkedIn sets this cookie to remember a user's language setting. Embarc formally brings together startup companies, venture capitalists, academic resources, and startup-focused partners in a central physical hub to help open opportunities, inspire iteration, push progress, and put Tampa Bay on the map as a prime destination for diverse startup talent to make an impact. Killorn says, 2019 was a slap in the face, but the stupidest thing teams do is blow things up when devastating upsets happen to a team clearly peaking or on the rise. Our brand was irrelevant in the community for not only the product on the ice, which was pretty bad for a while, but also for just how we went about business. pic.twitter.com/BfVsB3RYlE. Vinik and his wife have four kids: three boys, ages 31, 30 and 21, and one girl, age 28. NHL owners are competitive by nature and dont make a habit of raving about each other, especially those who are monopolizing Stanley Cup Final appearances. Griggs continues to play a significant role in the vast improvements being made each year to AMALIE Arena. That was a Steve Yzerman pick, under his watch, but we could have gone through two GMs by the time that we had such a great goalie. Greg graduated with a PhD in Chemistry from the University of Kent and went on to Oxford University where he completed his post-doctoral research. Jeff having confidence in his organization, we can use that. Jeff is a very modest, humble guy, but deep down, he knows hes built the best of the best right now. All Rights Reserved. Non-Exec Director. We all have one go-round in life, so Im not going to predict what happens five, 10, 15 years from now. Governing board of trustees and quickly bankruptcy and potential relocation philanthropic families,. 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