But I remember saying, Well, its nota bad thing its like this, because if were going to get our revenues up two X, three X from where they are now, we have plenty of seats to put people in.. That filing referred to the marriage as irretrievably broken. Ian has also invested in the mining, oil and gas sectors, with exploration and production activities in Vietnam, Papua New Guinea and Zambia. Jeff is a very modest, humble guy, but deep down, he knows hes built the best of the best right now. 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. 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. Red tide is back (again) in Pinellas County. They owned a losing franchise, both on and off the ice, they were disconnected from their fan base and they needed a way out. In todays vernacular, hella impressive. Vinik was born to a Jewish family in Deal, New Jersey. Records the default button state of the corresponding category & the status of CCPA. We had a great team. Vinik was awarded Duke University's Distinguished Young Alumni Award in 1994, and he later served on the Duke University Board of Trustees. He started the Conflict Islands Conservation Initiative and runs volunteer programs for turtle protection and coral research. Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. Vinik had toyed with buying the Dallas Stars and even the cross-state Florida Panthers. Together, they have been one of the areas leading philanthropic families. In September of 2019, through the Vinik Family Foundation, the Viniks donated $5 million to help IDEA Public Schools, a network of nationally acclaimed, tuition-free college preparatory public charter schools, launch four new schools in the Tampa Bay area. 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. These conversations lead to a three-hour meeting with NHL commissioner Gary Bettman in New York. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. 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. Well, and Stanley Cup parades, White House visits and parties like when he booked Fall Out Boy to play a celebratory Cup party for the team at his South Tampa home. 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. The first Cup, when Tampa Bay beat Dallas in the Edmonton bubble, Vinik was at home in Cape Cod with his family. It just had gone on sabbatical. Just in the Everglades.. Griggs first joined the organization as COO on August 31, 2010. Florida was among the states hardest hit. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. He needed a new challenge and he wanted to make a difference. Lightning Hockey, L.P. is a division of Vinik Sports Group. From there, Vinik committed to a variety of programs including a $3 billion investment in the Water Street project to revitalize the citys downtown core. Tod is so good at building a championship brand. Fifty large to a person or charity that does noble work in our community. What Jeff is doing and what he set out to do from Day 1, on and off the ice, has been second to none. Business mogul, philanthropist, innovation investor and Tampa Bay Lightning owner Jeff Vinik sat down with St. Pete Catalyst publisher Joe Hamilton to discuss Vinik and his franchise became Stanley Cup Champions on September 28, 2020 when the Lightning defeated the Dallas Stars in six games after spending 65 days in the pandemic-induced NHL "Bubble." As he had done for decades in the financial sector, Vinik did his due diligence and found an opportunity worth investing in. 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. Jeff closed his Boston firm in 2013, to focus on business and philanthropic interests in Tampa. 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. Does New College have money to pay Richard Corcorans salary? He became a star at Fidelity and went on to manage their world-renowned Fidelity Magellan Fund in the mid-1990s, earning investors a whopping 17% in average annual returns. 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. He oversees all of the organization's business operations, including all concerts and events held at AMALIE Arena. Its an absolute fairy tale, because that thing was so broken and busted down in 2010.. 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. This cookie is set by GDPR Cookie Consent plugin. Previously, had been manager of large equities hedge fund. They married in 1987 in Massachusetts, where Jeff Vinik rose to prominence in his 30s for his success growing Fidelity Investments flagship Magellan Fund from $20 billion to $55 billion. 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. 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. And he has set a very high bar for all of us., Adds Winnipeg Jets chairman and NHL Board of Governors executive committee member Mark Chipman: What hes done to anchor that franchise is the gold standard for our league, as far as Im concerned. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . Vinik now sits as a member of the Executive Committee of the National Hockey League's Board of Governors. 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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. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. The first abatement was granted on June 29, just three months after Penny Vinik, 57, filed for divorce. The Viniks have been one of the areas most active philanthropists. WebAbout. Vinik is at the team Christmas party and after every series win. Does New College have money to pay Richard Corcorans salary? This cookie is installed by Google Analytics. Penny Vinik has been a strong advocate for and patron of the arts within Tampa Bay. Vinik and Virgo, who had each led previously funding rounds for Peerfit, were joined by other existing shareholders in the latest round, said Ed 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. He went on to earn his Master of Business Administration degree from the Harvard Business School, graduating in 1985. 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. Im good with numbers, so I can sometimes ask good questions. They established the Lightning Community Hero program in 2011 to provide funding and recognition to those improving the lives of individuals most in need. But in terms of the guys, no, I let them do their thing.. Griggs' name is engraved twice on the Stanley Cup to memorialize those achievements. WebVinik Family Foundation (VFF) is a private foundation created and managed by Jeff and Penny Vinik. A $50,000 grant is given out at each home game to the community heros charity of choice. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Hes an unbelievable owner. The Viniks have four children, Danny, Jared, Kyra and Joshua, none of whom are minors. 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). A large portion of the population had an affinity for a game usually reserved for northern US states and Canadian provinces. The cookies is used to store the user consent for the cookies in the category "Necessary". Use arrows to navigate between autocomplete results. Prior to being tabbed as CEO, he spent one year as team president and four as chief operating officer. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers. I dont need to come in there after games. WebVinik Asset Management. Vinik and his wife have four kids: three boys, ages 31, 30 and 21, and one girl, age 28. More recently, Vinik purchased local newspaper ads, radio ads, and billboards to promote resources available for local residents affected by unemployment, small business struggles and food shortages due to COVID-19. Some cookies are placed by third party services that appear on our pages. 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. The Viniks champion many charitable organizations with emphasis on providing support for education, entrepreneurship, and the arts. Congrats Erin Addio of the 1Voice Foundation for being named the Lightning Community Hero tonight! And Steve did his magic., Before each hockey season, Leonsis sends Vinik an email that says: I want to win the Stanley Cup. This site uses different types of cookies. Jeff Vinik is the Owner and Chairman of the National Hockey League team Tampa Bay Lightning, and serves on the NHL Board of Governors and Executive Committee. Owner of Tampa Bay Lightning hockey team and co-developer of major real estate project. 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. Last season, when the Lightning beat Montreal, it came at the end of a shortened season with a slow build of attendance due to COVID-19 restrictions. 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. Leiweke brought with him Steve Griggs from the Orlando Magic after they worked together with the Minnesota Wild. Michael is a four-time Minnesota Sportswriter of the Year and in 2017 was named the inaugural Red Fisher Award winner as best beat writer in the NHL. 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. 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 Official Site of the Tampa Bay Lightning. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Penny Vinik, 57, filed a petition June 8 in Hillsborough Circuit Court to dissolve her marriage with Jeff Vinik, 61. $20.1 million through the Lightnings Community Heroes program, which since 2011 has made $50,000 grants to nonprofits at each of the teams home and playoff games. 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. The donation of an acre of downtown land for the new USF Health Morsani College of Medicine and Heart Institute. 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 The Jeff and Penny Vinik Foundation has donated $50,000 to a local community hero at every home game. Hes built Tampa into a great hockey market.. WebIn 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 I got to Florida and it felt like we were in a mild depression. WebAn on-campus stadium at USF will be a game-changer, literally and figuratively, for the university and our entire Tampa Bay community, said Jeff Vinik, owner of the Tampa Bay Lightning and co-developer of Water Street Tampa. Jeff Vinik owns the Tampa Bay Lightning and is the leading developer behind the Water Street Tampa project. And Jeff, to his honest, ever-dying credit was very calm and collected and analytical, and kept that team together. Letsgetstarted. WebView phone numbers, addresses, public records, background check reports and possible arrest records for Jeffrey Vinik. 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. Non-Exec Director. Vinik left no stone unturned and his studies took him from how to build sales and marketing programs all the way to learning the entire NHL Collective Bargaining Agreement (CBA). Hes fulfilled every promise he made to the fan base, says Koules, who is still a Lightning fan. Its very impressive. LinkedIn sets this cookie to store performed actions on the website. All Rights Reserved. Ian focuses on investing in private sector opportunities and taking them to the public markets. 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. 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. I hate to use the term non-traditional market, because theyre long past that description, but he just did it right in terms of establishing that team as a brand with their fan base. The couple met at a bar and restaurant when Jeff Vinik was a Harvard graduate student and she was working at an international consulting firm in Cambridge. Penny 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. 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 mid-2009, former Lightning owners Oren Koules (a Hollywood executive) and Len Barrie (former NHLer) had come to grips with reality. WebJeffrey N. Vinik (born March 22, 1959) is the current owner of the Tampa Bay Lightning (NHL) and a minority owner of the Boston Red Sox (MLB). Breathing issues are possible at some beaches. Jeffrey Vinik's career as an investment guru has had more twists and turns than San Francisco's famed Lombard Street. 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 Jeff Vinik joined aXiomatic in June 2017 as an investor and Co-Executive Chairman. We all have one go-round in life, so Im not going to predict what happens five, 10, 15 years from now. She is a member of the Board of Trustees at Tampa Preparatory School and a board member of Tampa Museum of Art, where she led the search to select its Executive Director. Julien says this about Cooper: Theres no reason that a coach has to have a shelf life. Often that is the case for a lot of reasons that we know, but it doesnt have to be that way. Founded in 1997, VFF has donated over $75 million to nonprofits working in Jeff right now is the most respected of the ownership brethren, Washington Capitals owner Ted Leonsis tells The Athletic. Vinik is also the impetus behind Embarc Collective, an innovation hub which opened in downtown Tampa in 2019. Theres been longevity in terms of leadership there. 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. I dont need to go in and talk to the coaches., I could, and a lot of owners do. If you had told me 12 years ago that Id own a hockey team, that Id be living in Tampa Bay, that wed be winning Stanley Cups, going to the White House, doing a real estate venture with Bill Gates, I wouldve said, Who is this person?, I never try to plan out too much. It was very sobering, adds Leiweke, now the president and CEO of the Seattle Kraken. Of course, were not going to blow it up! The cookie is used to store the user consent for the cookies in the category "Other. 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. But Vinik wasnt overcome with regret or fear. Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. 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. Stay connected with the Lightning on social media! Before purchasing the Lightning in February 2010, the New Jersey native attended Harvard Business School where he obtained an MBA before joining Fidelity Investments. 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. 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. sport and entertainment management program, USF Health Morsani College of Medicine and Heart Institute, Tampa Mayor Jane Castor isnt on board with defunding the police. "Therefore, the wife seeks temporary alimony. According to a recent article in Forbes, he is a Harvard MBA who had a stellar record running Fidelity's Magellan fund when he was only 33 years old. UK Office Theragnostics Ltd 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. He had already built a fortune through his wildly successful multi-billion dollar hedge fund and could easily fly into retirement on his private jet, but there was something missing. Their research produced some interesting results. Julien and I talk probably once every week to two weeks and he just updates me on whats going on. And we just had a disastrous playoff. Griggs engineered a 95 percent Season Ticket Member renewal rate for the 2019-20 season. Hes definitely not an owner thats in the locker room ever, Killorn says. There was almost nothing for fans to do in the barren surrounding area of downtown Tampa. Get in touch with us and send some basic info about your project. Thats really dire. I didnt have the foresight that he had and didnt have the funds to survive those first three or four years. We lost in the Cup final in 2015. 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. 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. But I got a lot going on, Vinik continues with a big laugh. He founded a predecessor to the Management Company (VAM) in 1996 and was its senior managing member. So you have to have patience. And in return for that faith and trust, Cooper has rewarded them with two Cups and a chance for a third this year. SARASOTA - His hockey team is in the Professor Ken Herrmann He believed in people, in the market, and has this way to create loyalty back to himself by treating people well. Theyve been doing this since 2011. That series loss would have led to Coopers departure from many organizations. Please provide a valid email address. 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. 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. One of his most prominent programs, Lightning Community Heroes, celebrates a local hero during each Lightning regular-season home game and donates $50,000 to a non-profit charity of his or her choice. Ian was born in Australia and educated at Geelong Grammar and Melbourne University. Contact Eduardo A. Encina at eencina@tampabay.com. 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. Through the 2020-21 season, more than $23 million has been donated through the Community Heroes program to more than 750 local non-profits. Professor Ken Herrmann is Chair of the Department of Nuclear Medicine at the Universittsklinikum Essen in Germany. Penny Vinik seeks divorce from Lightning owner Jeff Vinik, Lightning broadcaster Rick Peckham to receive Foster Hewitt Memorial Award. It works only in coordination with the primary cookie. These cookies will be stored in your browser only with your consent. 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. Not surprisingly, Vinik and Leiweke hit it off instantly and began discussing the possibility of Leiweke overseeing the business operations of Viniks new investment. 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. Related: From NHL Pause to Playoffs: How to End the 2019-20 Regular Season. 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. 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. Vinik had no shortage of options and the newly formed duo began conducting market research on the various teams and marketplaces. Prior to taking home the top honors, the Lightning were ranked in the Top 10 in 2011, 2012, 2014 and 2015. Ian Gowrie-Smith is a serial entrepreneur and the Chairman of Theragnostics. Thats everything., Im not jealous, the Capitals owner says. Its a nice building. Jeff has given the organization the support, year in, year out, to compete for the Cup and also build the fan base. The petition to dissolve the marriage of 33 years was filed this week in Hillsborough County. Today, Griggs runs the business side and BriseBois the hockey side, so theres never been any upheaval only consistency in the organizations two most important leadership positions. 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. 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. 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. Michael Russo is a senior writer covering the Minnesota Wild and the National Hockey League for The Athletic. 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. Under the Cur(ate) TPA umbrella, Griggs oversaw the design and opening of the new Cigar City Brewing Taproom on Ford Thunder Alley. TAMPA Tampa Bay power couple Jeff and Penny Vinik have officially reconciled their marriage, ending divorce proceedings on Tuesday in Hillsborough County Circuit Court. In Minnesota, Griggs' responsibilities included overseeing all Wild and MSE ticket sales and service, corporate sales and service, suite sales and service, retail operations as well as group and event suite sales. When they had an off year or disappointing playoff, they didnt panic. 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. In 2008, Vinik began to ponder the next chapter of his life and what that would look like. Most recently, Griggs played a pivotal role in the formation of Tampa Bay Entertainment Properties, LLC (TBEP) and its groundbreaking agreement with the University of South Florida on a 10-year multimedia rights partnership and facility management of the USF Sun Dome. Of reasons that we know, but it doesnt have to be that way the president and CEO of Executive! Orlando Magic after they worked together with the Minnesota Wild and the of! Lot of reasons that we know, but it doesnt have to be that way Health. 1Voice Foundation for being named the Lightning Community Hero program in 2011,,! 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