Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. In executing his plan to bring a world class franchise to life in Tampa Bay, Vinik has invested more than $100 million in private funding into the publicly owned AMALIE Arena to create a guest-first facility recognized as one of the finest in the NHL. It doesnt happen by chance. "Therefore, the wife seeks temporary alimony. These cookies track visitors across websites and collect information to provide customized ads. Penny Vinik seeks divorce from Lightning owner Jeff Vinik, Lightning broadcaster Rick Peckham to receive Foster Hewitt Memorial Award. pic.twitter.com/BfVsB3RYlE. Jeff and Penny respectfully request privacy while they amicably work on their relationship, Bill Wickett, a spokesman for Jeff Vinik, said in an email to the Tampa Bay Times. Between 2008 and 2009, Vinik became a sponge for information and, in addition to his own studies, leaned on his powerful network for advice and insight into the covert world of pro sports. They established the Lightning Community Hero program in 2011 to provide funding and recognition for those improving the lives of individuals most in need. And when Tampa a couple years ago had the greatest team, most points and they played in the first round against Columbus, and they got swept, everyone said the goaltenders not going to be good, change the coach, blow it up. 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. What a ride this has been for Vinik, 63, who struck it rich in the hedge fund business then decided to reinvent himself and Googled, How to buy a sports team. A dozen years later, he ended up sitting behind the Resolute Desk in the Oval Office and told by president Joe Biden to make himself comfortable during a White House visit to celebrate his teams two championships. By 2009, the organization was losing tens of millions of dollars, had one of the lowest season ticket bases in the NHL (4,500 season ticket holders) and played in a facility that needed significant upgrades. They established the Lightning Community Hero program in 2011 to provide funding and recognition to those improving the lives of individuals most in need. Analytics cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously. That filing referred to the marriage as irretrievably broken. Killorn adds that Vinik couldnt be a better owner. I didnt have the foresight that he had and didnt have the funds to survive those first three or four years. Its a nice building. Whenever something bad happens, and you believe in your team and your organization, and theres outside voices, you have to thine own self be true. And Im really, really proud of Jeff for being strong. The Lightning's success under Vinik has coincided with the emergence of a development company, Strategic Property Partners (SPP), LLC and its plan to develop approximately 60 acres in downtown Tampa's south core into a new district entitled 'Water Street Tampa'. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Hes an unbelievable owner. In todays vernacular, hella impressive. Additionally, under the umbrellas of the Vinik Family Foundation and the Lightning Foundation, Jeff and his wife Penny have invested nearly $40 million in Tampa Bay area charities through a variety of programs and donations, the most notable being the Lightning Community Heroes program, in which $50,000 is donated to worthy individuals and their non-profits of choice at each Bolts home game. Times staff writer John Martin contributed to this report. I have been following the stadium developments, including the site selection, with great interest. 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. The website cannot function properly without these cookies. Like (former Blue Jackets coach) John Tortorella said (to The Athletics Joe Smith), they created a monster., The @TBLightning believe getting swept by @BlueJacketsNHL was a turning point in their championship arc. The agreement grants TBEP the exclusive rights to all commercial multimedia sports marketing, sponsorship, and respective inventory possessed by USF Athletics. Theres a reason why you hire experts to do the job. 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. Dr Langer is a graduate of Columbia University, and earned an M.D. In 2012 Greg joined Oxford Immunotec as Research and Development Director where he was responsible for expanding their diagnostic product pipeline in chronic infections and autoimmunity. 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. This cookie is installed by Google Analytics. An immersive, experiential work of art,LOVE IS CALLING invites visitors to enter a mirrored room with tentacle-like soft sculptures featuring with Kusama's signature polka dots and changing colors hanging from the ceiling and positioned on the floor. Renovating the arena and on-ice success helped build the brand rather quickly. They needed Steve Yzerman. Tampa Bay Lightning owner, and most recent Stanley Cup champion, Jeff Vinik is the exception to the rule. Limit 5. And in return for that faith and trust, Cooper has rewarded them with two Cups and a chance for a third this year. The success really speaks for itself: winning back-to-back Cups, in the Final again for a chance at a third Cup. 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. He founded a predecessor to the Management Company (VAM) in 1996 and was its senior managing member. In the end, the Lightning and the city of Tampa hit the ownership jackpot. Under Griggs' guidance, the Lightning unveiled a new third jersey and uniform system to much success during the 2018-19 season, an undertaking nearly two years in the making and a collaborative work between the Lightning, adidas and the NHL. Vinik is at the team Christmas party and after every series win. Viniks Lightning team won the franchises second Stanley Cup, and first in his decade of ownership, in October, and the Water Street Tampa project has created unprecedented downtown growth around Amalie Arena. 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 Look at the little bit of pain and look at all the gain that hes gotten since then.. Facebook; Twitter; Facebook Messenger; Pinterest; Email; print; TAMPA, Fla. -- The Tampa Bay Lightning and team owner Jeff Vinik are donating $2 million toward Hurricane Ian relief efforts.. Hes fulfilled every promise he made to the fan base, says Koules, who is still a Lightning fan. Almost immediately, Vinik began researching everything he could find on owning and running a professional sports team. He served on the board of directors for Liverpool Football Club of the Premier League from 20102013. $5 million to the endowment at the Tampa Museum of Art to support the position of executive director. Many of the Viniks marital assets, according to the petition, are titled in the names of business entities such as partnerships, limited liability corporations, foundations and trusts. Some cookies are placed by third party services that appear on our pages. It just had gone on sabbatical. Although the marital estate is large, and the wifes equitable distribution will be substantial, most of the assets are controlled by the husband," the petition says. Im very lucky, the unassuming, unintimidating, very friendly Vinik says. Griggs' name is engraved twice on the Stanley Cup to memorialize those achievements. At the time, Vinik was living in the Boston area and decided to reach out to the owners of the Red Sox, Bruins and Celtics to get some tips as to how he could begin his journey to owning an NHL franchise. Viniks likable personality, generosity, passion and authenticity provide a refreshingly positive experience for those fortunate enough to cross paths with him. He didnt abandon his principles.. Owner of Tampa Bay Lightning hockey team and co-developer of major real estate project. New Bucs offensive coordinator Dave Canales staff nearly set, As Tampa Bay sales grow, sport bike maker Ducati plans giant dealership. They owned a losing franchise, both on and off the ice, they were disconnected from their fan base and they needed a way out. Its an absolute fairy tale, because that thing was so broken and busted down in 2010.. Prior to Griggs' arrival, the Lightning played to 83 percent capacity or less for two consecutive seasons before seeing a major turnaround at the gate and a major brand renaissance. I was glad when the cavalry arrived. Non-Exec Director. It was during this time that he co-invented the novel Ga-68 radiopharmaceutical chelator which enabled the development of cold PET kits. All NHL logos and marks and NHL team logos and marks as well as all other proprietary materials depicted herein are the property of the NHL and the respective NHL teams and may not be reproduced without the prior written consent of NHL Enterprises, L.P. Analytical cookies are used to understand how visitors interact with the website. tampabaylightning.com is the official Web site of the Tampa Bay Lightning. Off the ice, the Lightning brand has been completely revitalized and transformed, having been lauded by both ESPN as the No. Thats really dire. Cookies are small text files that can be used by websites to make a user's experience more efficient. Vinik and his wife have four kids: three boys, ages 31, 30 and 21, and one girl, age 28. 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. Necessary cookies are absolutely essential for the website to function properly. In the eyes of many, a pivotal juncture in the Vinik ownership came in 2019 when the Blue Jackets shocked the Lightning, sweeping them in the first round after a 62-win, 128-point season. OConnell and Meredith Wheeler, VFFs senior policy analyst, have been tasked with doing a 360-degree assessment of how the fund should deploy its resources. Its like the first two didnt happen. Of course, were not going to blow it up! 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. In 1996, he left Fidelity to establish his own firm, Vinik Asset Management, a long-short equities hedge fund based in Boston where he grew assets under management from $800 million to $10 billion. Over the past nine years, the team has invested close to $100 million in renovations to the arena with more scheduled, continuing to create a world class experience of fans, season ticket members and corporate partners. Both Pittsburgh and Washington, we lost in seven to both of them in the conference final. Im always amazed at teams that fire a GM after three years. But I got a lot going on, Vinik continues with a big laugh. Does New College have money to pay Richard Corcorans salary? Lightning Made handed out its 100,000th street hockey stick at Colson Elementary School in April 2019 as part of the Equip the Thunder program, which started in 2015 and has been dedicated to introducing the game of hockey to fourth- and eighth-grade students by donating hockey equipment to schools. Slectionnez Grer les paramtres pour grer vos prfrences. For all other types of cookies we need your permission. Baden co-founded and remains a Director of the UKs largest biomethane transport infrastructure company, CNG Fuels, which was founded in 2014. We had the best regular season in 20 years. 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 SPP, a partnership between Vinik and Cascade Investment, LLC of Kirkland, Washington, is expecting to deliver approximately $3 billion in investment to bring Water Street Tampa to life and reinvent the blocks surrounding AMALIE Arena into a walkable, 24-7 live, work, play and stay wellness district. There have been lows, although thats relative when there are so many fan bases out there accustomed to their teams missing the playoffs or suffering early exits. With the significant increase in attendance and overall brand awareness over the past few seasons, the team has in turn seen increases in revenues and profitability. Under Griggs' guidance, the Bolts have also continued to see a significant boost in corporate partnerships driven by key sponsorship renewals, new business growth and in-market brand and retail activations. In 2021 he became a two-time Stanley Cup Champion after the Lightning captured back-to-back titles. Julien came over to my house, we talked for 2 hours, and we he, since hes the boss came up with the brilliant idea not to blow it up, Vinik says, sarcastically. I think that is the heart of Jeffs success, and its not easy to do in our world, Chipman says. Ian is a Trustee of the Global Outward Bound Charity which takes children from the city and places them in challenging outdoor environments. With construction of phase one already underway, the district includes a School of Medicine for the University of South Florida, corporate office buildings, three Marriott hotel properties, residences, retail, restaurants, entertainment, and improved infrastructure. Copyright 1999-2020 Lightning Hockey, L.P. and the National Hockey League. He has taken vaccines from discovery through to pediatric Phase 2b clinical trials while at the National Institutes of Health in the United States. 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. Vinik now sits as a member of the Executive Committee of the National Hockey League's Board of Governors. In August of 2016, VFF presented The Beach Tampa by Snarkitecture, an immersive art installation featuring a 10,000 square foot, all-white beach environment with an ocean of 1.2 million recyclable white balls, in AMALIE Arena. And Jeff, to his honest, ever-dying credit was very calm and collected and analytical, and kept that team together. Marketing cookies are used to track visitors across websites. Prior to being tabbed as CEO, he spent one year as team president and four as chief operating officer. At 50 years old or so, 12, 13 years ago, my life changed in a direction I could not have imagined. Tampa needed a strong leader, someone with clout, a tough negotiator and, above all else, was a proven winner. Jeff right now is the most respected of the ownership brethren, Washington Capitals owner Ted Leonsis tells The Athletic. Leonsis says the patience Vinik has displayed should be a model for all owners, which is sometimes easier said than done. The Lightning's community hockey department, Lightning Made, has opened new outdoor street hockey rinks across the Tampa Bay area, and is committed to opening 10 public outdoor street hockey rinks through their Build the Thunder 2.0 and Connect the Thunder programs. I was like, What did I just get myself into? The economy was in rough shape, and Jeff was facing incredible odds.. Penny Vinik is the chair of a community arts initiative which is enabling Tampa Bay-based artists to display their works throughout AMALIE Arena. In fact, Vinik, because he was in Denver, decided to skip last Thursdays Board of Governors meeting in New York between Games 1 and 2 of the Final. He previously served as CEO of Neose Technologies, Inc.; was President of Dr Reddys North American business; and was Senior Vice President of Research and Development at GlaxoSmithKline plc. Griggs also spearheaded the organization's launch of the new Lightning Made Training Center, a focal point for youth to learn the game and for the team to continue teaching and educating more than just on-ice skills. This site uses different types of cookies. 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. Theres been longevity in terms of leadership there. 1 in ESPN's "Ultimate Standings" in September 2016. The Official Site of the Tampa Bay Lightning. She says she agrees that he may have exclusive use of the couples home in Sarasota while the divorce is pending. There are probably a few owners who would be well served to study the notes Vinik took back in 2008. These cookies will be stored in your browser only with your consent. If you make a mistake or somethings wrong, then you do have to take action. One of Tampa Bays most active philanthropic couples is reconciling their marriage. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Perhaps thats because Vinik has developed a different formula for success, which primarily focuses on investing in community development, a winning hockey team, and a world-class entertainment experience. Tod is so good at building a championship brand. 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. Fifty large to a person or charity that does noble work in our community. After several long phone calls and a trip to Detroit, Vinik got his man and Yzerman brought instant credibility to a franchise in peril. Jeff and Penny reside in South Tampa and have four children: Danny, Jared, Kyra, and Joshua. He went on to earn his Master of Business Administration degree from the Harvard Business School, graduating in 1985. And we ended up with a good hockey team, which doesnt hurt either.. Estimates of Jeff Viniks net worth in 2013 were in the $500 million range, though he has added substantially to his business interests since then. Jeff is a very modest, humble guy, but deep down, he knows hes built the best of the best right now. Jeff Vinik - Chairman and Governor. Jeff Vinik purchased the Tampa Bay Lightning on March 3, 2010, promising a comprehensive transformation of the franchise while pledging to make a significant positive impact in the Tampa Bay community, and he has delivered. A large portion of the population had an affinity for a game usually reserved for northern US states and Canadian provinces. Some have doubts. WebVerified contact information for Jeff Vinik - Chairman & Governor, Tampa Bay Lightning Hockey Club including email address, phone number and personality insights that will So you have to have patience. Jeff closed his Boston firm in 2013, to focus on business and philanthropic interests in Tampa. The donation of an acre of downtown land for the new USF Health Morsani College of Medicine and Heart Institute. He also poured $80 million into Amalie Arena renovations, including the installation of a massive center-hung arena HD video display board, the largest of its kind in North America at the time. After some deep thought, and a few glasses of wine, he targeted professional sports as his next pursuit. Dr Dennis Langer has served as a director of both public and private biotechnology, pharmaceutical and diagnostic companies, and has an extensive pharmaceutical company background. Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in. 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. He believed in people, in the market, and has this way to create loyalty back to himself by treating people well. When Vinik bought the franchise for a reported $170 million in the middle of a recession in 2010, the Lightning had 2,000 full season-ticket holders, less than a dozen suite holders and little corporate support. 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