Jeff Vinik sells majority stake in Tampa Bay Lightning at ‘US$1.8bn valuation’
Tampa Bay Lightning owner Jeff Vinik has sold a majority stake of the National Hockey League (NHL) franchise to an investor group led by Doug Ostrover and Marc Lipschultz.
Lightning owner Jeff Vinik sells majority stake in NHL team, but will remain in control for 3 years
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.
Vinik completes sale of Lightning's majority ownership to Wall Street billionaires
Jeff Vinik says new owners Doug Ostrover and Marc Lipschultz will maintain the team's winning legacy for "generations." Vinik will still run the show for three years and remain an active minority owner after that.
Jeff Vinik no longer majority owner of Lightning
The NHL’s Board of Governors approved a partial sale of the Lightning from majority owner Jeff Vinik to a group of investors led by Doug Ostrover and Marc Lipschultz.
Tampa Bay Lightning Announce Sale to New Ownership Group and Reveal 3-Year Plan
The Tampa Bay Lightning announced Thursday that owner Jeff Vinik has sold a stake in the franchise to a group of investors led by Doug Ostrover and
Vinik sells ownership shares of Tampa Bay Lightning
The sale of the Lightning comes just over a year after Vinik exited Strategic Property Partners, the developer of Water Street Tampa, by selling his share of the firm to Kirkland, Washington-based Cascade Investment LLC. Cascade is Microsoft co-founder Bill Gates' investment fund and was Vinik's partner from the inception of SPP in 2014.
First impressions of the Lightning’s new owners from Wall Street
Back in 2010, the Lightning were a franchise in disarray. The new owners had run out of money, fans had run out of patience and the organization was teetering on the edge of disaster. That is, until a low-key Wall Street investor from Boston saw something promising in this mess and decided to buy in.
Lightning reveal new ownership plan
The Tampa Bay Lightning are making some changes in the control room, with a portion of the franchise being sold to a group of investors led by Doug Ostrover and Marc Lipschultz, the team announced on Thursday.
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Lightning Sell at $1.8B Valuation, Nearly Double Prior NHL Record
The Lightning unveiled a multistep and multiyear sale process. The post Lightning Sell at $1.8B Valuation, Nearly Double Prior NHL Record appeared first on Front Office Sports.
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Jeff Vinik announces expansion of Tampa Bay Lightning ownership group
TAMPA BAY – Tampa Bay Lightning Chairman & Governor Jeff Vinik and Vinik Sports Group today announced the sale of a portion ...
Blue Owl Tycoons Set to Take Over NHL’s Tampa Bay Lightning
Doug Ostrover and Marc Lipschultz, the co-heads of private credit behemoth Blue Owl Capital Inc., will be taking over the ...
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NHL's Lightning Sold for $1.8B, Vinik Retains Control
The Tampa Bay Lightning sold a stake in the NHL club to a group of investors led by Doug Ostrover and Marc Lipschultz, the ...
Lightning announce partial sale, Vinik to keep full control for three years
The Tampa Bay Lightning announced the sale of a portion of the franchise Thursday to a group of investors led by Doug ...