While Vinik was enjoying success in the financial industry, the Lightning franchise was flirting with bankruptcy and potential relocation. 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. 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. After several long phone calls and a trip to Detroit, Vinik got his man and Yzerman brought instant credibility to a franchise in peril. He is on the board of Sofie Biosciences. Breathing issues are possible at some beaches. New Bucs offensive coordinator Dave Canales staff nearly set, As Tampa Bay sales grow, sport bike maker Ducati plans giant dealership. Hes a really genuine guy, a huge hockey fan and you see that in any interaction you have with him.. Founded in 1997, VFF has donated over $75 million to nonprofits working in He was previously Professor in the Ahmanson Translational Imaging Division of the Department of Molecular and Medical Pharmacology at the University of California Los Angeles ; he also served as Vice Chair of the Department of Nuclear Medicine at Universittsklinikum Wrzburg. Vinik has worked in the investment management business his entire career. 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. 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. Want more of our free, weekly newslettersinyourinbox? So you have to have patience. Its like the first two didnt happen. SARASOTA - His hockey team is in the In his ten seasons as the owner of the Lightning, there have been no scandals, no lawsuits, no distractions and no disconnect from the community. The Lightning enjoyed 234-consecutive sellout crowds at AMALIE Arena from 2015-2020, a streak that was halted only by the COVID-19 pandemic. Off the ice, the Lightning continued to transform the Tampa Bay landscape through its grassroots community efforts. He has hired a great group of executives to run his business and hockey operations, and you can see how much he cares about the franchise. LinkedIn sets the lidc cookie to facilitate data center selection. It does not store any personal data. 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. 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. Of course, were not going to blow it up! Griggs also directed strategic sales and marketing efforts for the new Amway Center, which opened in October 2010. In between, we missed the playoffs. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. I dont need to go in and talk to the coaches., I could, and a lot of owners do. Look at the little bit of pain and look at all the gain that hes gotten since then.. From a charitable perspective, it would be difficult to find a non-profit organization within the Tampa community that has not been touched by Viniks philanthropy. To make matters worse, the US was struggling to navigate its way through the most devastating economic crisis since the Great Depression, and Florida was among the states hardest hit. 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. Youll get a roundup of the biggest Tampa community news twice a week. The parties enjoy a very high standard of living which should be maintained without interruption on a temporary basis.. On June 10, 2018, TBEP announced a new multi-year agreement to rename the Sun Dome to the Yuengling Center, partnering with D.G. He pledged another $10-million to continue the Hero program in the summer of 2021. The proceedings were postponed twice, most recently with a two-month abatement granted on Sept. 15, while working to reconcile their marriage. There was almost nothing for fans to do in the barren surrounding area of downtown Tampa. What Jeff is doing and what he set out to do from Day 1, on and off the ice, has been second to none. 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. WebVerified contact information for Jeff Vinik - Chairman & Governor, Tampa Bay Lightning Hockey Club including email address, phone number and personality insights that will Jeff graduated from Duke University and earned his MBA from Harvard Business School. 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. 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. Ian has also invested in the mining, oil and gas sectors, with exploration and production activities in Vietnam, Papua New Guinea and Zambia. Penny Vinik also serves as vice chairwoman on the museums governing board of trustees. Beginning at 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. Hes an unbelievable owner. 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. 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. Professor Ken Herrmann is Chair of the Department of Nuclear Medicine at the Universittsklinikum Essen in Germany. His business career ranges from pharmaceutical industry to mining, oil and gas. He started the Conflict Islands Conservation Initiative and runs volunteer programs for turtle protection and coral research. Hes done so much work in the stock market, hes used to ebbs and flows. Its a nice building. No doubt, 31 other owners have every right to be envious even jealous. Art of the Brick, the first exhibit to focus exclusively on the use of LEGO bricks as an art medium, was brought to downtown Tampa in 2017. One of Tampa Bay's leading philanthropic couples takes time to work on reconciling. Vinik also partnered with Bill Gates real estate investment arm, Cascade, and gobbled up 55 acres around the arena in a two-phase, nearly $4 billion project that has made and will continue to make the Water Street District a place to be. 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 has given the organization the support, year in, year out, to compete for the Cup and also build the fan base. And in a league where coaches and GMs are fired all the time, owners are blown away by Viniks patience and the stability he has created with the Lightning. Subscribe to our free Tampa Times newsletter. And Id say the same thing about the general manager. $5 million to the endowment at the Tampa Museum of Art to support the position of executive director. 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. He has experience developing businesses in energy distribution, mining and investment management. 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). 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. Off the ice, the Lightning brand has been completely revitalized and transformed, having been lauded by both ESPN as the No. Stay connected with the Lightning on social media! But Vinik vowed to make the Lightning a first-class organization and rescue a brand that was in the gutter. These conversations lead to a three-hour meeting with NHL commissioner Gary Bettman in New York. Perhaps they contain the secret to becoming a champion both on the ice and in the community. 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. Oh, and on the ice, in the 12 years Vinik has owned the team, the Lightning have enjoyed unrivaled success. 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 Times. 1 Sans Walk, London EC1R 0LT, T: +44 (0)20 3355 1546 Griggs has helped lead the Lightning through six very successful seasons on and off the ice, including back-to-back Stanley Cup Championships and the Bolts' unprecedented regular season success in 2018-19, the team winning a franchise-best 62 games, tied for the most ever in NHL history. Jeff is a very modest, humble guy, but deep down, he knows hes built the best of the best right now. Some have doubts. The donation of an acre of downtown land for the new USF Health Morsani College of Medicine and Heart Institute. Dr Langer is a graduate of Columbia University, and earned an M.D. 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. We'll assume you're ok with this, but you can opt-out if you wish. He went on to earn his Master of Business Administration degree from the Harvard Business School, graduating in 1985. The turnaround was nothing less than spectacular. 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. 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. Hillsborough school board talks of delay as key vote nears on boundary plan, Closed New Tampa golf course stirs another round of bickering, Pasco park restaurant plans must wait for study of nearby burial mound, Heres the story behind Parkesdale Markets famous Plant City strawberry shortcakes, McCarthy gives Carlson access to 1/6 footage, raising alarms, Toni Says: Taking Medicare advice from your friends can be costly, Florida schools still struggle with late buses, Florida official unsure if Vertol will still handle migrant relocation program, Murder trial of former FSU receiver Travis Rudolph set to begin Friday, Energetic Dave Canales excited about new Bucs offense, calling plays and QB Kyle Trask, filed a petition to dissolve her marriage, Celebrate the Tampa Bay Lightnings one-of-a-kind championship season with this hardcover collectors book, Four burning questions about the upcoming NHL season. But Vinik and BriseBois didnt do anything rash. Griggs and his wife, Janell, have a daughter, Maddie, and a son, Jack. I dont need to come in there after games. Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies. Get in touch with us and send some basic info about your project. Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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. The Viniks have been one of the areas most active philanthropists. Jeff Vinik is building the physical infrastructure that is allowing us to connect internally to build the virtual infrastructure of the future, said Chris Krimitsos, founder of the Florida Bitcoin & Blockchain Summit. 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. 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. This cookie is set by GDPR Cookie Consent plugin. Fire everybody, Leonsis says. 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. Ian was born in Australia and educated at Geelong Grammar and Melbourne University. Vinik is widely known for investing in emerging technologies and innovative companies throughout Tampa Bay. Contact Eduardo A. Encina at eencina@tampabay.com. 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.. Tod is so good at building a championship brand. 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. 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. And, building a winning franchise is also a recipe for success off the ice, especially in U.S. markets. Try a week on us. And Jeff, to his honest, ever-dying credit was very calm and collected and analytical, and kept that team together. He graduated Phi Beta Kappa from Duke Like, Ive never said, We have to trade for that player. I would never think to do that, Vinik says. But patience is really important.. at Georgetown University School of Medicine and a J.D. 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. 150 Grossman Drive #306, Braintree, MA 02184, T: +1 617 286 7479 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. 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. 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. It took Vasilevskiy five or six years to hit his prime. 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. I couldnt have done what he did. "Be the Thunder" entered its 10th consecutive season in 2020-21, further demonstrating its staying power and paying tribute to the Lightning's passionate fan base, making them part of the team. 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.. He founded a predecessor to the Management Company (VAM) in 1996 and was its senior managing member. And in return for that faith and trust, Cooper has rewarded them with two Cups and a chance for a third this year. Tampa needed a strong leader, someone with clout, a tough negotiator and, above all else, was a proven winner. The JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application. Penny Vinik seeks divorce from Lightning owner Jeff Vinik, Lightning broadcaster Rick Peckham to receive Foster Hewitt Memorial Award. Some cookies are placed by third party services that appear on our pages. 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. We hired brilliant people in Tod Leiweke and Steve Griggs. 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. The website cannot function properly without these cookies. Leonsis says the patience Vinik has displayed should be a model for all owners, which is sometimes easier said than done. Vinik is no stranger to investments. 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. Tampa Bay Lightning and tampabaylightning.com are trademarks of Lightning Hockey L.P. NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks of the National Hockey League. Analytical cookies are used to understand how visitors interact with the website. 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. A year earlier, Vinik had reached out to Bettman, and Bettman had suggested he contact Jac Sperling, a man who has helped broker a number of professional sports team sales, including the Minnesota Wild, Phoenix Coyotes, Anaheim Ducks and New Orleans Hornets before they were renamed the Pelicans. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. Jeffrey Vinik was a former manager of Fidelitys Magellan Fund, the largest actively managed mutual fund in the US. I dont think thats happened in the history of organized sports, laughs Tod Leiweke, who Vinik hired to be CEO months after buying the team. 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. Vinik probably gets this measured, calm approach from his business life. I think of the dressing room as the players living room, Vinik says. But the location of the building is just too isolated. Please provide a valid email address. 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. Breathing issues are possible at some beaches. If I knew then what I know now, I probably wouldnt have bought the team, Vinik says with a chuckle and wry grin. Prior to being tabbed as CEO, he spent one year as team president and four as chief operating officer. When they had an off year or disappointing playoff, they didnt panic. The financial destruction caused by the economic crisis forced many NHL owners to consider selling their franchise and at least five NHL teams were looking for new ownership (Arizona Coyotes, Carolina Hurricanes, Columbus Blue Jackets, Dallas Stars and Tampa). 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. A large portion of the population had an affinity for a game usually reserved for northern US states and Canadian provinces. It took some time, but Leiweke eventually agreed to take on the role of Lightning CEO and he got started rebuilding their business operations. And Steve did his magic., Before each hockey season, Leonsis sends Vinik an email that says: I want to win the Stanley Cup. 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. Theyve pledged $20 million to the Tampa Bay community since Jeff purchased the Lightning in 2010 and the couple moved to the area. 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. 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. He is also 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. It was the largest single gift in the 90-year history of the Boys and Girls Clubs of Tampa Bay. Vinik has worked in the investment management business his entire career. 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 have been following the stadium developments, including the site selection, with great interest. On Feb. 5, 2010, Vinik purchased a rotting Lightning franchise from Koules and Barrie for the bargain price of $140 million. 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. These cookies track visitors across websites and collect information to provide customized ads. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. 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. There was a lot going on with Len Barrie and myself, and as anybody doing any business in Florida in 08, 09 and 10 knows, it was tough going, Koules, the creator of the Saw movie franchise and producer of the former hit show Two and a Half Men, says. 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. He didnt abandon his principles.. 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. 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. For all other types of cookies we need your permission. 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. I think that is the heart of Jeffs success, and its not easy to do in our world, Chipman says. 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. Vinik was awarded Duke University's Distinguished Young Alumni Award in 1994, and he later served on the Duke University Board of Trustees. WebIn Fall 2018, VFF will loan Yayoi Kusama's Infinity Room LOVE IS CALLING to the Tampa Museum of Art. 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. The patience hes shown with (Cooper), its the same thing in the front office. He sunk $40 million of his own money into a county-owned arena with no recourse. Then his influence spread over Tampa Bay. 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. They owned a losing franchise, both on and off the ice, they were disconnected from their fan base and they needed a way out. Unbridled success, yet his fellow NHL owners dont root against him because of the man he is. The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. Whitepages people search is the most trusted directory. 1 in ESPN's "Ultimate Standings" in September 2016. The Bolts were also the worst-performing team in the NHL between 2007 and 2010, putting together a miserable combined record of 89-118-39. Ian is best known for having founded and chaired two billion-dollar companies in the pharmaceutical sector, Medeva PLC and Skyepharma PLC. 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. 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. E: hello@theragnostics.com, US Office Theragnostics Inc Im not shy in saying hes the best owner of hockey. 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. The petition to dissolve the marriage of 33 years was filed this week in Hillsborough County. 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. General manager Geelong Grammar and Melbourne University, i could, and a chance for a third this year cookie! Be envious even jealous fans to do in our world, Chipman says the position of executive director yet... On your device if they are strictly necessary for the new Amway center, which is sometimes said! Canadian provinces on the ice, the Lightning franchise from Koules and for. Were not going to blow it up biggest Tampa community news twice a week think is! 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