There are stories of him secretly paying the college tuition of arena workers and helping pay off mortgages. 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. But Vinik wasnt overcome with regret or fear. It was Viniks family who designed the Lightnings spectacular Stanley Cup rings on a pair of cocktail napkins. Theyve pledged $20 million to the Tampa Bay community since Jeff purchased the Lightning in 2010 and the couple moved to the area. There are probably a few owners who would be well served to study the notes Vinik took back in 2008. The cookie is used to store the user consent for the cookies in the category "Performance". Season ticket sales were capped at 15,000 for the third-consecutive summer, and the Lightning Priority Access Club stands at 4,800 seats and growing. Renovating the arena and on-ice success helped build the brand rather quickly. After phase one of his plan was complete, the newest member of the NHL owners club had to get to work and quickly. In February 2010, Koules, Barrie and the Lightning faithful got exactly what they wanted, and so desperately needed.Tampa Bay sale all but done.. Jeff Vinnik Boston hedge fund guy buys from Oren Koules and Len Barrie.. Should be announced friday.. Daren Millard (@darenmillard) February 5, 2010. Of course, were not going to blow it up! But Vinik vowed to make the Lightning a first-class organization and rescue a brand that was in the gutter. Jeff and Penny Vinik continue to personally invest in the community, bringing one-of-a-kind art installations "The Beach," "Art of the Brick," and "Love is Calling" to the city of Tampa. We had a great team. I think that is the heart of Jeffs success, and its not easy to do in our world, Chipman says. Vinik and Virgo, who had each led previously funding rounds for Peerfit, were joined by other existing shareholders in the latest round, said Ed 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. Jeff began his career in the investment management business with Fidelity Investments in 1986. Hockey in Tampa goes back a lot before me, Vinik says of an organization that came into existence in 1992, was one of the losingest clubs in all of hockey in the 90s but won the Stanley Cup in 2004. These cookies ensure basic functionalities and security features of the website, anonymously. This cookie is set by GDPR Cookie Consent plugin. Please provide a valid email address. His previous career in investment management included six years with UBS in multi-asset class advisory as well as working in emerging markets private equity. 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. Love is Calling, an iconic infinity room, made by Yayoi Kusama, considered the best female artist in the world, was the featured exhibit at the Tampa Museum of Art for six months during 2018-19. A $50,000 grant is given out at each home game to the community heros charity of choice. Vinik and his wife have four kids: three boys, ages 31, 30 and 21, and one girl, age 28. 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. I dont need to go in and talk to the coaches., I could, and a lot of owners do. But this has all been hard to believe.. 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. In addition to his primary business interests in Tampa Bay, Vinik maintains interests in several other entities, including aXiomatic, a Los Angeles-based esports and gaming company of which he is co-executive chairman. The cookie is used to store the user consent for the cookies in the category "Analytics". "Therefore, the wife seeks temporary alimony. 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. While Vinik was enjoying success in the financial industry, the Lightning franchise was flirting with bankruptcy and potential relocation. Unbridled success, yet his fellow NHL owners dont root against him because of the man he is. 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. As the owner of the 2020 Stanley Cup Champion Tampa Bay Lightning, he has done more than just restore a once-flagging franchise; he has helped revitalize the Tampa Bay region. Cookies are small text files that can be used by websites to make a user's experience more efficient. In the three month since the outbreak of COVID-19, the couple has donated nearly $2 million in relief efforts, including $1 million to Metropolitan Ministries for food and rent assistance. Jeff Vinik joined aXiomatic in June 2017 as an investor and Co-Executive Chairman. Jeff Vinik also is a member of FBN Partners, a group of local investors who have loaned $15 million to Times Publishing Co., which owns the Tampa Bay Times. What Vinik and Sperling hadnt realized was that there was a good number of transplants from strong hockey markets, like Montreal, Chicago and Philadelphia, who were now living in the area. It wasnt just getting swept in 2019, Vinik says. You could get in the door for as little as $2 or find a free ticket if you happened to pick up your dry cleaning or walk into the right grocery store at the right time, but still there was little support. The couples donations to coronavirus relief efforts have reached nearly $2 million, including $1 million to Metropolitan Ministries and almost $1 million to bay area civic relief funds, aid for USF students, public awareness campaigns and a fund for Lightning employees. Want more of our free, weekly newslettersinyourinbox? The Jeff and Penny Vinik Foundation has donated $50,000 to a local community hero at every home game. Hes definitely not an owner thats in the locker room ever, Killorn says. 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 started the Conflict Islands Conservation Initiative and runs volunteer programs for turtle protection and coral research. 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. Times staff writer John Martin contributed to this report. 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. Sign up for our regular 'Bolts Newsletter' for all the latest. After several long phone calls and a trip to Detroit, Vinik got his man and Yzerman brought instant credibility to a franchise in peril. 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. Related: Yzerman Has Defining Decisions To Make. And Jeff, to his honest, ever-dying credit was very calm and collected and analytical, and kept that team together. I left Seattle, and it felt like we were in a mild recession. Greg is leading a team to expand their product portfolio and the commercialization of Ga-68 THP-PSMA, a prostate cancer imaging diagnostic. Its all about the third one right now, Vinik says. Despite all that early turmoil, all the stress as the team tried to navigate the turbulent waters, there was the steady hand of Vinik. Some have doubts. The Official Site of the Tampa Bay Lightning. 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. Jeff having confidence in his organization, we can use that. In 2017, the Viniks donated $1 million to relief efforts after Hurricane Harvey struck the state of Texas and another $1 million (through the Lightning Foundation) after Hurricane Irma devastated much of the state of Florida. This cookie is set by GDPR Cookie Consent plugin. This site uses different types of cookies. Together, they have been one of the areas leading philanthropic families. He always strikes me as somebody who never stops learning, and theres no ego that gets in the way of him continuing to learn. They were about to miss the playoffs for a third consecutive season and were accruing annual losses well into eight figures. You may have heard of Vinik. Yzerman hired Julien BriseBois away from the Montreal Canadiens and made him assistant GM. In 2018, TBEP also launched The Identity Tampa Bay, an on-demand digital network that offers local lifestyle, entertainment and sports content in multiple forms, including a newsletter, digital media and streaming services. Look at the little bit of pain and look at all the gain that hes gotten since then.. 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. LinkedIn sets this cookie to store performed actions on the website. Any one of us would love to be in his shoes right now, for sure, but hes one of the most respected owners Ive ever been around., And Edmonton Oilers owner Daryl Katz: Jeff is a leader amongst NHL owners for what he has accomplished in Tampa both on and off the ice. Viniks likable personality, generosity, passion and authenticity provide a refreshingly positive experience for those fortunate enough to cross paths with him. If no results appear, use Enter to do a full site search. As he had done for decades in the financial sector, Vinik did his due diligence and found an opportunity worth investing in. Ian is best known for having founded and chaired two billion-dollar companies in the pharmaceutical sector, Medeva PLC and Skyepharma PLC. We were irrelevant. Enter Search Term. He served on the board of directors for Liverpool Football Club of the Premier League from 20102013. 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. Mr. Vinik serves as Chairman, Chief Investment Officer and Chief Executive Officer of the Vinik Asset Management (the Management Company). But I got a lot going on, Vinik continues with a big laugh. Beginning at Thats everything., Im not jealous, the Capitals owner says. They established the Lightning Community Hero program in 2011 to provide funding and recognition to those improving the lives of individuals most in need. 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. That filing referred to the marriage as irretrievably broken. Penny and Jeff have filed an Since 2015, the Lightning, in conjunction with the NHL and the NHL Players Association, have invested more than $6 million to grow the game of hockey and teach life skills to youth throughout the Tampa Bay community. 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. We hired brilliant people in Tod Leiweke and Steve Griggs. Try a week on us. Vinik is also the impetus behind Embarc Collective, an innovation hub which opened in downtown Tampa in 2019. Not surprisingly, Vinik and Leiweke hit it off instantly and began discussing the possibility of Leiweke overseeing the business operations of Viniks new investment. 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. 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. 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. Marketing cookies are used to track visitors across websites. Michael can be seen on Bally Sports North and the NHL Network; and heard on KFAN (100.3 FM) and podcasts "Worst Seats in the House" (talknorth.com), "The Athletic Hockey Show" on Wednesdays and "Straight From the Source" (The Athletic). Founded in 1997, VFF has donated over $75 million to nonprofits working in Ian has also invested in the mining, oil and gas sectors, with exploration and production activities in Vietnam, Papua New Guinea and Zambia. Red tide is back (again) in Pinellas County. The parties enjoy a very high standard of living which should be maintained without interruption on a temporary basis.. A $50,000 grant is given out at each home game to the community heros charity of choice. Gary pulled a good one out of his hat for that one.. Theres a reason why you hire experts to do the job. In 2007, Greg joined the Department of Imaging Chemistry and Biology at Kings College London and his research group developed several imaging diagnostics for precision medicine in autoimmunity, heart disease and oncology. Penny and Jeff Vinik, a Tampa Bay power couple, have put their divorce proceedings on hold for now, filing for a 90-day pause. And we ended up with a good hockey team, which doesnt hurt either.. Ian was born in Australia and educated at Geelong Grammar and Melbourne University. The family moved to Tampa a couple of years after Jeff Vinik bought the Lightning in 2010 for an estimated $110 million. Use arrows to navigate between autocomplete results. Vinik has worked in the investment management business his entire career. Vinik now sits as a member of the Executive Committee of the National Hockey League's Board of Governors. Related: From NHL Pause to Playoffs: How to End the 2019-20 Regular Season. New Bucs offensive coordinator Dave Canales staff nearly set, As Tampa Bay sales grow, sport bike maker Ducati plans giant dealership. Hes just taken it to such a different level. Contact Eduardo A. Encina at eencina@tampabay.com. He oversees all of the organization's business operations, including all concerts and events held at AMALIE Arena. TAMPA After nearly 33 years of marriage, Jeff and Penny Vinik, one of the Tampa Bay areas leading philanthropic couples, are headed for divorce court. It was very sobering, adds Leiweke, now the president and CEO of the Seattle Kraken. Prior to joining the Magic, Griggs served for seven years as the vice president of sales and service for the Minnesota Wild of the National Hockey League and their parent company, Minnesota Sports & Entertainment (MSE). 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. Breathing issues are possible at some beaches. WebVerified contact information for Jeff Vinik - Chairman & Governor, Tampa Bay Lightning Hockey Club including email address, phone number and personality insights that will He graduated Phi Beta Kappa from Duke Ian focuses on investing in private sector opportunities and taking them to the public markets. If she has not withdrawn the petition by Sept. 24, the divorce litigation will resume. 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. 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. 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. Hes very generous and makes sure everyone is taken care of, says Killorn, who points out that the only time players see Mr. He has served on several non-profit boards, including United Way of Massachusetts Bay, Duke University, and the United States Figure Skating Foundation. We are reconciling very well, and I am extremely optimistic that we will have a positive resolution to some of the challenges that weve had.. The first Cup, when Tampa Bay beat Dallas in the Edmonton bubble, Vinik was at home in Cape Cod with his family. Tampa Bay, a sunbelt team, was a solid hockey town on paper. Hes a really genuine guy, a huge hockey fan and you see that in any interaction you have with him.. WebJeff Vinik: Chairman and Governor Jeff Vinik purchased the Tampa Bay Lightning on March 3, 2010, promising a comprehensive transformation of the franchise while pledging 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. The Lightning once again saw a high renewal percentage amongst current partners including Tampa General Hospital, Apple, Southwest Airlines and Honda. Under Griggs' guidance, the Lightning were ranked No. This program alone has surpassed the $20 million mark. Florida was among the states hardest hit. It took Vasilevskiy five or six years to hit his prime. She says she agrees that he may have exclusive use of the couples home in Sarasota while the divorce is pending. LinkedIn sets the lidc cookie to facilitate data center selection. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. Jeff is a very modest, humble guy, but deep down, he knows hes built the best of the best right now. 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.. He has taken vaccines from discovery through to pediatric Phase 2b clinical trials while at the National Institutes of Health in the United States. He jumped in with both feet, and relocated his family from Boston to the Sunshine State so that they could be entwined into the fabric of the community. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Vinik wooed Leiweke from the Seattle Seahawks to be his first full-time CEO and made Yzerman GM after the Hall of Famer put together the gold-medal-winning Canadian roster at the 2010 Winter Olympics. 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. But Viniks cohorts have grown to respect his humility, his wit, his brain, his ability to hire talented people and his acts of kindness, which are legendary in Tampa. Jeffrey Vinik's career as an investment guru has had more twists and turns than San Francisco's famed Lombard Street. Tampa Bay Lightning owner, and most recent Stanley Cup champion, Jeff Vinik is the exception to the rule. 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. Thats my job, my hobby. Hes done so much work in the stock market, hes used to ebbs and flows. In September 2017, the University of South Florida's Muma College of Business renamed its dual-degree sport-focused graduate program the Vinik Sport and Entertainment Program, a result of Jeff and Penny's support of the University and this field of study. The last coach to beat Tampa Bay in a playoff series John Tortorella can see it. We drafted Andrei Vasilevskiy. The $189 million medical school building is an anchor for the $3 billion Water Street Tampa project, which Vinik is developing in partnership with Cascade Investment, the private wealth fund of Microsoft co-founder Bill Gates. Jeff helped solve an issue for Gary in a big way because it went from a problem for the league to quite a success. 1 team in professional sports in the media giant's Ultimate Standings (also ranking in the Top 10 in six of seven years), as well as by the Sports Business Journal as one of five finalists for Sports Team of the Year in 2016 and 2020. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Dr Langer is a graduate of Columbia University, and earned an M.D. WebIn Fall 2018, VFF will loan Yayoi Kusama's Infinity Room LOVE IS CALLING to the Tampa Museum of Art. Fifty large to a person or charity that does noble work in our community. This cookie is set by GDPR Cookie Consent plugin. That wasnt hard. Thats really dire. Tampa needed a strong leader, someone with clout, a tough negotiator and, above all else, was a proven winner. 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