Hes built Tampa into a great hockey market.. Red tide is back (again) in Pinellas County. 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. I have been following the stadium developments, including the site selection, with great interest. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . WebAbout. 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 extensive product and clinical development experience across a range of small molecule and biological products. WebVerified contact information for Jeff Vinik - Chairman & Governor, Tampa Bay Lightning Hockey Club including email address, phone number and personality insights that will 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. The Viniks have four children, Danny, Jared, Kyra and Joshua, none of whom are minors. In the end, the Lightning and the city of Tampa hit the ownership jackpot. Griggs engineered a 95 percent Season Ticket Member renewal rate for the 2019-20 season. 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. Prior to being tabbed as CEO, he spent one year as team president and four as chief operating officer. 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 It was obvious at the time that we had a good thing going. Cookies are small text files that can be used by websites to make a user's experience more efficient. We lost in the Cup final in 2015. 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. We had a great team. pic.twitter.com/BfVsB3RYlE. After some deep thought, and a few glasses of wine, he targeted professional sports as his next pursuit. These cookies will be stored in your browser only with your consent. Tod is so good at building a championship brand. Jeffrey Vinik was a former manager of Fidelitys Magellan Fund, the largest actively managed mutual fund in the US. 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. 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. Times staff writer John Martin contributed to this report. 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 Jeff and Penny Vinik Foundation has donated $50,000 to a local community hero at every home game. We are all in this business to win the Stanley Cup. Penny Vinik seeks divorce from Lightning owner Jeff Vinik, Lightning broadcaster Rick Peckham to receive Foster Hewitt Memorial Award. Sperling became interim CEO until Leiweke officially signed on after he couldnt believe Vinik landed Yzerman as GM. We extended the abatement another two months this week, Jeff Vinik told the Times in September. Follow @EddieInTheYard. The first Cup, when Tampa Bay beat Dallas in the Edmonton bubble, Vinik was at home in Cape Cod with his family. 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. Prior to taking home the top honors, the Lightning were ranked in the Top 10 in 2011, 2012, 2014 and 2015. 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. Were all extremely impressed by the sustained success in Tampa under Jeffs ownership. Like (former Blue Jackets coach) John Tortorella said (to The Athletics Joe Smith), they created a monster., The @TBLightning believe getting swept by @BlueJacketsNHL was a turning point in their championship arc. It took some time, but Leiweke eventually agreed to take on the role of Lightning CEO and he got started rebuilding their business operations. 1 in ESPN's "Ultimate Standings" in September 2016. It just had gone on sabbatical. Get in touch with us and send some basic info about your project. We were irrelevant. Mr. Vinik serves as Chairman, Chief Investment Officer and Chief Executive Officer of the Vinik Asset Management (the Management Company). Ian is best known for having founded and chaired two billion-dollar companies in the pharmaceutical sector, Medeva PLC and Skyepharma PLC. 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. The last coach to beat Tampa Bay in a playoff series John Tortorella can see it. Penny Want more of our free, weekly newslettersinyourinbox? 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. 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. I got to Florida and it felt like we were in a mild depression. 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. The first abatement was granted on June 29, just three months after Penny Vinik, 57, filed for divorce. So you have to have patience. Read More, In case of sale of your personal information, you may opt out by using the link Do Not Sell My Personal Information. Greg Mullen is the Chief Executive Officer of Theragnostics Limited and President of Theragnostics Inc. Greg is a founding member of Theragnostics since its formation in 2015. Hes definitely not an owner thats in the locker room ever, Killorn says. Perhaps they contain the secret to becoming a champion both on the ice and in the community. And Steve did his magic., Before each hockey season, Leonsis sends Vinik an email that says: I want to win the Stanley Cup. 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. 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. Theyve pledged $20 million to the Tampa Bay community since Jeff purchased the Lightning in 2010 and the couple moved to the area. 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. The Official Site of the Tampa Bay Lightning. It was very sobering, adds Leiweke, now the president and CEO of the Seattle Kraken. 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. Before coming to Tampa Bay, Griggs spent nearly three years serving as executive vice president of sales and marketing for the Orlando Magic. Steve Griggs is entering his seventh season as chief executive officer of Vinik Sports Group after being named to the position on July 24, 2015. Its all about the third one right now, Vinik says. And we ended up with a good hockey team, which doesnt hurt either.. 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. 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. Despite all that early turmoil, all the stress as the team tried to navigate the turbulent waters, there was the steady hand of Vinik. 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. Among his many achievements he is a world leading expert in the clinical development of therapeutic and diagnostic radiopharmaceuticals. 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. Thats my job, my hobby. 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. WebVinik Family Foundation (VFF) is a private foundation created and managed by Jeff and Penny Vinik. Now that he had hired the right people and provided them with the resources to rebuild the struggling franchise, Vinik shifted his focus and energy into how the organization could have a positive impact in the Tampa community. Ian is a Trustee of the Global Outward Bound Charity which takes children from the city and places them in challenging outdoor environments. 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. 150 Grossman Drive #306, Braintree, MA 02184, T: +1 617 286 7479 These conversations lead to a three-hour meeting with NHL commissioner Gary Bettman in New York. 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 champions many charitable organizations with emphasis on providing support for education and the environment. We hired brilliant people in Tod Leiweke and Steve Griggs. Leiweke brought with him Steve Griggs from the Orlando Magic after they worked together with the Minnesota Wild. Does New College have money to pay Richard Corcorans salary? Mainly, we talk budgets. LinkedIn sets this cookie to store performed actions on the website. 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. Peerfit, a Tampa digital health company, has raised $10 million in a funding round led by Tampa Bay Lightning owner Jeff Vinik and Virgo Investment Group, a San Francisco-based investment firm. 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. Red tide is back (again) in Pinellas County. 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. 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. Letsgetstarted. 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. At that time, Penny Vinik said her marriage was irretrievably broken in her petition. 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. One of Tampa Bays most active philanthropic couples is reconciling their marriage. Thats everything., Im not jealous, the Capitals owner says. Without elaboration, the petition says the marriage is irretrievably broken. New Bucs offensive coordinator Dave Canales staff nearly set, As Tampa Bay sales grow, sport bike maker Ducati plans giant dealership. The Lightning once again saw a high renewal percentage amongst current partners including Tampa General Hospital, Apple, Southwest Airlines and Honda. What Jeff is doing and what he set out to do from Day 1, on and off the ice, has been second to none. Professor Ken Herrmann is Chair of the Department of Nuclear Medicine at the Universittsklinikum Essen in Germany. These cookies track visitors across websites and collect information to provide customized ads. 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. Non-Exec Director. 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. 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). But win or lose, it wont change how Vinik is viewed. He saw something. 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. Some cookies are placed by third party services that appear on our pages. On Feb. 5, 2010, Vinik purchased a rotting Lightning franchise from Koules and Barrie for the bargain price of $140 million. 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). After several long phone calls and a trip to Detroit, Vinik got his man and Yzerman brought instant credibility to a franchise in peril. Florida was among the states hardest hit. Hes an unbelievable owner. 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. 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. If I knew then what I know now, I probably wouldnt have bought the team, Vinik says with a chuckle and wry grin. Im not shy in saying hes the best owner of hockey. As he had done for decades in the financial sector, Vinik did his due diligence and found an opportunity worth investing in. 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 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. 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. Lightning Hockey, L.P. is a division of Vinik Sports Group. I couldnt have done what he did. Vinik had no shortage of options and the newly formed duo began conducting market research on the various teams and marketplaces. Vinik would give anything to win that third Stanley Cup in a row, especially now that theyll have to climb back by winning four of a possible five games. Leonsis says the patience Vinik has displayed should be a model for all owners, which is sometimes easier said than done. And she seeks to use the Viniks private aircraft and charters as necessary and in keeping with past use. I think of the dressing room as the players living room, Vinik says. Jeffrey Fisher, the divorce attorney representing Penny Vinik, did not respond to a request for comment. Penny Vinik, 57, filed a petition June 8 in Hillsborough Circuit Court to dissolve her marriage with Jeff Vinik, 61. Vinik is at the team Christmas party and after every series win. 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. Tampa needed a strong leader, someone with clout, a tough negotiator and, above all else, was a proven winner. This website uses cookies to improve your experience while you navigate through the website. She says she agrees that he may have exclusive use of the couples home in Sarasota while the divorce is pending. He founded a predecessor to the Management Company (VAM) in 1996 and was its senior managing member. Theyve been doing this since 2011. So I choose to let it run, let the people do their job. 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. Copyright 1999-2020 Lightning Hockey, L.P. and the National Hockey League. And we just had a disastrous playoff. A $50,000 grant is given out at each home game to the community heros charity of choice. Griggs continues to play a significant role in the vast improvements being made each year to AMALIE Arena. 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. Thats really dire. Yuengling & Son, America's Oldest Brewery, who has maintained a facility near the university since 1999. Vinik had toyed with buying the Dallas Stars and even the cross-state Florida Panthers. Ian Gowrie-Smith is a serial entrepreneur and the Chairman of Theragnostics. Yzerman hired Julien BriseBois away from the Montreal Canadiens and made him assistant GM. That is the goal, for our team, for our fans and for our community, says Katz, the Oilers owner. 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. at Georgetown University School of Medicine and a J.D. I couldnt be prouder with what hes done to the organization. There are probably a few owners who would be well served to study the notes Vinik took back in 2008. Even watching him watch a game, he doesnt get emotional, Griggs says. More than $5 million to USFs Muma College of Business, which named its sport and entertainment management program for the Viniks. But Vinik vowed to make the Lightning a first-class organization and rescue a brand that was in the gutter. 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. He always strikes me as somebody who never stops learning, and theres no ego that gets in the way of him continuing to learn. 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. But if we cant, I hope its you. Thats how fond Leonsis has 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. Baden holds an MBA from London Business School, and both a Masters degree in Commerce and Bachelors degree in Economics from the University of Sydney. We were just really poorly run. 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. We created a monster. https://t.co/tLVEvDzG4k, Alex Killorn, in his 10th season as a Lightning forward, says, Before I got here, it wasnt a great situation by any means, but with good drafting and with Mr. Vinik hiring the right people to manage the team, here we are.. Nearly set, as Tampa Bay in a playoff series John Tortorella can see it companies in the improvements... Education and the environment a rotting Lightning franchise from Koules and Barrie for bargain. At every home game to the area attorney representing Penny Vinik said her marriage with Vinik. Which takes children from the city of Tampa hit the ownership jackpot let it run, let people! Request for comment has displayed should be a model for all owners, which is sometimes easier said done... Two billion-dollar companies in the gutter Want more of our free, newslettersinyourinbox! ) in Pinellas County coach to beat Tampa Bay sales grow, sport bike maker Ducati plans giant.... 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