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. I do know that going to hockey games and owning the Tampa Bay Lightning and being part of the community there is the most fun thing I do. They needed Steve Yzerman. Overall, the Vinik Foundation has donated over $23 million to our community. Beginning at Fidelity Investments he went on to helm the Magellan Fund before leaving to establish his own firm, Vinik Asset Management, a long-short equities hedge fund. 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 It was during this time that he co-invented the novel Ga-68 radiopharmaceutical chelator which enabled the development of cold PET kits. 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. They pledged $20 million to the community since Jeff bought the Lightning in 2010 and have surpassed that amount through the teams Community Hero program alone. Just in the Everglades.. These cookies ensure basic functionalities and security features of the website, anonymously. His business career ranges from pharmaceutical industry to mining, oil and gas. 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. Im not shy in saying hes the best owner of hockey. The Viniks champion many charitable organizations with emphasis on providing support for education, entrepreneurship, and the arts. We were just really poorly run. It just had gone on sabbatical. UK Office Theragnostics Ltd Ian was born in Australia and educated at Geelong Grammar and Melbourne University. The JSESSIONID cookie is used by New Relic to store a session identifier so that New Relic can monitor session counts for an application. 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. It was a lot of heartbreak, but were we really going to fire Jon Cooper? 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. 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. The fan base was there. Prior to being tabbed as CEO, he spent one year as team president and four as chief operating officer. This cookie is set by GDPR Cookie Consent plugin. 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. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". In a very short period of time, Jeff took an incredibly moribund franchise and turned it into the best team in professional sports. Vinik is at the team Christmas party and after every series win. 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. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. After phase one of his plan was complete, the newest member of the NHL owners club had to get to work and quickly. 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. Under the Cur(ate) TPA umbrella, Griggs oversaw the design and opening of the new Cigar City Brewing Taproom on Ford Thunder Alley. At 50 years old or so, 12, 13 years ago, my life changed in a direction I could not have imagined. 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. Slectionnez Grer les paramtres pour grer vos prfrences. at Harvard Law School. It does not store any personal data. Greg is leading a team to expand their product portfolio and the commercialization of Ga-68 THP-PSMA, a prostate cancer imaging diagnostic. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Vinik was born to a Jewish family in Deal, New Jersey. 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. Some cookies are placed by third party services that appear on our pages. 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. 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. Jeff Vinik bought the Lightning. He served on the board of directors for Liverpool Football Club of the Premier League from 20102013. 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. Vinik has become a civic leader, providing the city with his time and money which has been reciprocated by the community. SARASOTA - His hockey team is in the 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. 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. Vinik had no shortage of options and the newly formed duo began conducting market research on the various teams and marketplaces. One of Tampa Bay's leading philanthropic couples takes time to work on reconciling. 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. From there, Bettman introduced Vinik to former CEO and co-general partner of the Minnesota Wild, Jac Sperling. Thats my job, my hobby. 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. tampabaylightning.com is the official Web site of the Tampa Bay Lightning. In summer 2017, VFF hosted THE ART OF THE BRICK, the world's largest display of LEGO art, featuring more than 100 works of art by renowned contemporary artist Nathan Sawaya. Thats everything., Im not jealous, the Capitals owner says. Vinik and his wife have four kids: three boys, ages 31, 30 and 21, and one girl, age 28. 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. I got to Florida and it felt like we were in a mild depression. 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. I have been following the stadium developments, including the site selection, with great interest. And Vinik made clear that despite Tampa Bays incredible amount of success over the past decade, it hasnt all been highs. The turnaround was nothing less than spectacular. But the location of the building is just too isolated. I left Seattle, and it felt like we were in a mild recession. Leonsis says the patience Vinik has displayed should be a model for all owners, which is sometimes easier said than done. As he had done for decades in the financial sector, Vinik did his due diligence and found an opportunity worth investing in. Jeffrey N. Vinik. After a very successful career at the firm, Vinik left to start his own hedge fund, Vinik Asset Management which was the catalyst that brought him the wealth, network and knowledge required to punch his ticket into professional sports (from Manager of Magellan Fund Quits, Washington Post, 05/25/1996). 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. 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). In May 2012, the family made a $10-million donation to Duke to establish a faculty challenge fund that is being used to hire and retain professors who focus on complex societal challenges such as engineering and related areas in energy, global health, brain sciences and the environment. The Lightning secured two-straight Atlantic Division crowns (2018 and 2019) and their third and fourth division titles overall with Griggs as CEO. And, building a winning franchise is also a recipe for success off the ice, especially in U.S. markets. 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 donation of an acre of downtown land for the new USF Health Morsani College of Medicine and Heart Institute. There was nobody in Section 309, 10, 11, 12, 13, Griggs recalls. And now the goaltender is the greatest goaltender in certainly recent memory. Vinik laughs at the notion that it was a difficult decision to not blow things up. Jeffrey Vinik was a former manager of Fidelitys Magellan Fund, the largest actively managed mutual fund in the US. 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. Penny There was almost nothing for fans to do in the barren surrounding area of downtown Tampa. Try a week on us. Killorn adds that Vinik couldnt be a better owner. 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. LinkedIn sets this cookie to remember a user's language setting. Ian is best known for having founded and chaired two billion-dollar companies in the pharmaceutical sector, Medeva PLC and Skyepharma PLC. At that time, Penny Vinik said her marriage was irretrievably broken in her petition. Unbridled success, yet his fellow NHL owners dont root against him because of the man he is. 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. The cookies is used to store the user consent for the cookies in the category "Necessary". The first Cup, when Tampa Bay beat Dallas in the Edmonton bubble, Vinik was at home in Cape Cod with his family. 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. He went on to earn his Master of Business Administration degree from the Harvard Business School, graduating in 1985. 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. WebVerified contact information for Jeff Vinik - Chairman & Governor, Tampa Bay Lightning Hockey Club including email address, phone number and personality insights that will Necessary cookies are absolutely essential for the website to function properly. They played in an unfinished arena with few bells and whistles because they ran out of money when constructing the building in the mid-90s. In todays vernacular, hella impressive. Penny Vinik is seeking temporary exclusive use of the couples homes in South Tampa and Chatham, Mass., as well as Porsche sports utility vehicles that she regularly uses at both homes. 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 Almost immediately, Vinik began researching everything he could find on owning and running a professional sports team. In 2008, Vinik began to ponder the next chapter of his life and what that would look like. Mr. Vinik serves as Chairman, Chief Investment Officer and Chief Executive Officer of the Vinik Asset Management (the Management Company). 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 A $50,000 grant is given out at each home game to the community heros charity of choice. We are all in this business to win the Stanley Cup. 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. All Rights Reserved. Get in touch with us and send some basic info about your project. Tampa Bay Lightning owner, and most recent Stanley Cup champion, Jeff Vinik is the exception to the rule. And Id say the same thing about the general manager. The Official Site of the Tampa Bay Lightning. 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. Letsgetstarted. Records the default button state of the corresponding category & the status of CCPA. Hes just taken it to such a different level. Ian is a Trustee of the Global Outward Bound Charity which takes children from the city and places them in challenging outdoor environments. The Lightning once again saw a high renewal percentage amongst current partners including Tampa General Hospital, Apple, Southwest Airlines and Honda. Related: Jeff Vinik, Lightnings Extraordinary Owner. 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 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. There are probably a few owners who would be well served to study the notes Vinik took back in 2008. 1 Sans Walk, London EC1R 0LT, T: +44 (0)20 3355 1546 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. It took some time, but Leiweke eventually agreed to take on the role of Lightning CEO and he got started rebuilding their business operations. "Therefore, the wife seeks temporary alimony. The Vinik family has also directly contributed to several local non-profits, including the Florida Aquarium, Tampa Museum of Art, the United Way of Suncoast, Metropolitan Ministries and Tampa Preparatory School and Jeff served as the Chairman of the American Heart Association's 2018 Tampa Bay Heart Walk. And we just had a disastrous playoff. But I got a lot going on, Vinik continues with a big laugh. 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. 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. That filing referred to the marriage as irretrievably broken. It doesnt happen by chance. 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. 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. Jeff helped solve an issue for Gary in a big way because it went from a problem for the league to quite a success. After several long phone calls and a trip to Detroit, Vinik got his man and Yzerman brought instant credibility to a franchise in peril. The organization has also been recognized for its corporate culture, being named to the Tampa Bay Times' Top 100 Best Places to Work five-consecutive years from 2014-2019. The older three children are in their 20s. Jeff Vinik at Fidelity Magellan 20 Pages Posted: 14 Oct 2003 Paul J. Irvine Neeley School of Business Abstract CASE SETTING: 1996, Investment Management, USA This case examines the issues surrounding Jeff 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. On June 10, 2018, TBEP announced a new multi-year agreement to rename the Sun Dome to the Yuengling Center, partnering with D.G. Hes a really genuine guy, a huge hockey fan and you see that in any interaction you have with him.. So I choose to let it run, let the people do their job. They know how to create a brand, implement superior, friendly customer service, and we did a lot in the community. That series loss would have led to Coopers departure from many organizations. 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. Theres a reason why you hire experts to do the job. 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. He saw something. At build-out, the project will encompass 56 acres around Amalie Arena, including the site of the ConAgra flour mill, and 9 million square feet of development, including 3,500 residences, two new office towers, three hotels and about 13 acres of parks. 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. And again, thats scary, but it was also opportunity to bring in people that bring their A games every day. 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. WebVinik Asset Management. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. 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. Does New College have money to pay Richard Corcorans salary? What Jeff is doing and what he set out to do from Day 1, on and off the ice, has been second to none. 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. Jeff is a very modest, humble guy, but deep down, he knows hes built the best of the best right now. 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. 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 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. Use arrows to navigate between autocomplete results. Mainly, we talk budgets. Does New College have money to pay Richard Corcorans salary? 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. Griggs' name is engraved twice on the Stanley Cup to memorialize those achievements. Its an absolute fairy tale, because that thing was so broken and busted down in 2010.. Tampa Bay Lightning owner Jeff Vinik has purchased the top-floor penthouse at the Tampa Edition for $8.34 million. It wasnt just getting swept in 2019, Vinik says. 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. 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. 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. The proceedings were postponed twice, most recently with a two-month abatement granted on Sept. 15, while working to reconcile their marriage. The parties enjoy a very high standard of living which should be maintained without interruption on a temporary basis.. 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. Vinik probably gets this measured, calm approach from his business life. I couldnt be prouder with what hes done to the organization. In the past decade, Jeff and Penny Vinik have established themselves as one of the regions most generous and wide-ranging philanthropic families. Non-Exec Director. Penny Vinik seeks divorce from Lightning owner Jeff Vinik, Lightning broadcaster Rick Peckham to receive Foster Hewitt Memorial Award. 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). 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. 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. Baden is a co-founding Director of Theragnostics, and brings to the company his experience in developing and financing SMEs. Copyright 1999-2020 Lightning Hockey, L.P. and the National Hockey League. In 2021 he became a two-time Stanley Cup Champion after the Lightning captured back-to-back titles. Thunderstruck: Celebrate the Tampa Bay Lightnings one-of-a-kind championship season with this hardcover collectors book. If no results appear, use Enter to do a full site search. WebAbout. It works only in coordination with the primary cookie. He pledged another $10-million to continue the Hero program in the summer of 2021. Updated hourly, with analysis, commentary and features from hundreds writers worldwide, our articles are read over 5 million times every month. On February 7, 2020, Griggs led the charge on the new naming rights of the Lightning's practice facility, TGH Ice Plex. 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. Perhaps they contain the secret to becoming a champion both on the ice and in the community. These conversations lead to a three-hour meeting with NHL commissioner Gary Bettman in New York. 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. I was glad when the cavalry arrived. 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. 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. 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. 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. 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. I didnt have the foresight that he had and didnt have the funds to survive those first three or four years. 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. A court document search Tuesday evening showed the case remained open, but sources familiar with the case said Penny Vinik voluntarily dismissed the case on Tuesday. 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. The guy in the middle of it all was Jeff, Leiweke says. Ian is best known for having founded and chaired two billion-dollar companies in the pharmaceutical sector, Medeva PLC and Skyepharma PLC. Julien and I talk probably once every week to two weeks and he just updates me on whats going on. 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). Florida was among the states hardest hit. Lightning Hockey, L.P. is a division of Vinik Sports Group. Vinik and Yzerman had inherited a couple of future Hall of Famers and budding stars in Steven Stamkos and Victor Hedman, and in Viniks first full year as owner and Yzermans first as GM, the Lightning advanced all the way to the Eastern Conference final before losing to the Boston Bruins in seven games. 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General manager, yet his fellow NHL owners club had to get to work reconciling... Back-To-Back titles seeks divorce from Lightning owner Jeff Vinik, Lightning broadcaster Rick Peckham to receive Foster Memorial... With a two-month abatement granted on Sept. 15, while working to reconcile their marriage decade. Mutual Fund in the financial sector, Medeva PLC and Skyepharma PLC as CEO, he spent year... Sept. 15, while working to reconcile their marriage some cookies are placed third! Outward Bound Charity which takes children from the city and places them challenging! Philanthropic families Fidelitys Magellan Fund, the Capitals owner says to becoming a champion both the!
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