We want to win the Cup every year.. If I knew then what I know now, I probably wouldnt have bought the team, Vinik says with a chuckle and wry grin. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Some have doubts. He founded a predecessor to the Management Company (VAM) in 1996 and was its senior managing member. 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. 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. He didnt abandon his principles.. This cookie is installed by Google Analytics. Jeffrey N. Vinik. It was the largest single gift in the 90-year history of the Boys and Girls Clubs of Tampa Bay. Greg is leading a team to expand their product portfolio and the commercialization of Ga-68 THP-PSMA, a prostate cancer imaging diagnostic. Ian is a Trustee of the Global Outward Bound Charity which takes children from the city and places them in challenging outdoor environments. 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 Hes built Tampa into a great hockey market.. 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. The success really speaks for itself: winning back-to-back Cups, in the Final again for a chance at a third Cup. 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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. Tod is so good at building a championship brand. UK Office Theragnostics Ltd Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Enter Search Term. 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 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. 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. Like, Ive never said, We have to trade for that player. I would never think to do that, Vinik 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. 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. 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. On June 10, 2018, TBEP announced a new multi-year agreement to rename the Sun Dome to the Yuengling Center, partnering with D.G. Whitepages people search is the most trusted directory. 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). Griggs also directed strategic sales and marketing efforts for the new Amway Center, which opened in October 2010. I was glad when the cavalry arrived. But if we cant, I hope its you. Thats how fond Leonsis has Vinik has worked in the investment management business his entire career. The first abatement was granted on June 29, just three months after Penny Vinik, 57, filed for divorce. Professor Ken Herrmann is Chair of the Department of Nuclear Medicine at the Universittsklinikum Essen in Germany. There was nobody in Section 309, 10, 11, 12, 13, Griggs recalls. 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 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. Before each hockey season, Leonsis sends Vinik an email that says: I want to win the Stanley Cup. I dont need to go in and talk to the coaches., I could, and a lot of owners do. The Bolts' 128 regular season points in 2018-19 were the fourth most all-time in League history and the most in the NHL by 21 points over second-place finishers Calgary and Boston, allowing Tampa Bay to capture its first-ever Presidents' Trophy. Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies. It was a lot of heartbreak, but were we really going to fire Jon Cooper? 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One of Tampa Bay's leading philanthropic couples takes time to work on reconciling. He has extensive product and clinical development experience across a range of small molecule and biological products. 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. The parties enjoy a very high standard of living which should be maintained without interruption on a temporary basis.. It was bleak there for a while, Vinik says. E: hello@theragnostics.com, Theragnostics Ltd, 21 Gloucester Place, London W1U 8HR | Registered in England with company number 08616211, 2022 Theragnostics | Terms of Use | Privacy Policy | Cookie Policy | Website by MIND, The https://www.theragnostics.com website uses cookies to help us run the website, track how users interact with the website, and for other purposes. The Beach came to AMALIE Arena in 2016 and featured 1.2 million translucent white balls, creating an indoor beach for nearly 100,000 patrons. 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. They owned a losing franchise, both on and off the ice, they were disconnected from their fan base and they needed a way out. Jeff graduated from Duke University and earned his MBA from Harvard Business School. Please provide a valid email address. 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. Penny and Jeff Vinik, a Tampa Bay power couple, have put their divorce proceedings on hold for now, filing for a 90-day pause. On February 7, 2020, Griggs led the charge on the new naming rights of the Lightning's practice facility, TGH Ice Plex. Try a week on us. Dr Dennis Langer has served as a director of both public and private biotechnology, pharmaceutical and diagnostic companies, and has an extensive pharmaceutical company background. $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. 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. 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. There are probably a few owners who would be well served to study the notes Vinik took back in 2008. These cookies track visitors across websites and collect information to provide customized ads. It works only in coordination with the primary cookie. WebVerified contact information for Jeff Vinik - Chairman & Governor, Tampa Bay Lightning Hockey Club including email address, phone number and personality insights that will 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. Does New College have money to pay Richard Corcorans salary? Prior to being tabbed as CEO, he spent one year as team president and four as chief operating officer. Ian Gowrie-Smith is a serial entrepreneur and his business career ranges from pharmaceutical industry to mining, oil and gas. Some have doubts. Business mogul, philanthropist, innovation investor and Tampa Bay Lightning owner Jeff Vinik sat down with St. Pete Catalyst publisher Joe Hamilton to discuss Its very impressive. Jeff having confidence in his organization, we can use that. Founded in 2009, The Hockey Writers is a premier destination for news and information on everything hockey. Jeffrey Vinik was a former manager of Fidelitys Magellan Fund, the largest actively managed mutual fund in the US. Im not shy in saying hes the best owner of hockey. Jeff closed his Boston firm in 2013, to focus on business and philanthropic interests in Tampa. Jeff Vinik - Chairman and Governor. 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. He also oversaw the introduction of the Lightning and AMALIE Arena's new Cur(ate) TPA initiative, bringing to life a focus to deliver fans and arena guests the very best in fresh, local food and beverage options, while also concentrating on variety, value, service and sustainability. When Koules needed to sink a boatload more money into the team, commissioner Gary Bettman introduced him to Vinik. 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. 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. Off the ice, the Lightning brand has been completely revitalized and transformed, having been lauded by both ESPN as the No. 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. Tampa Bay Lightning owner Jeff Vinik has purchased the top-floor penthouse at the Tampa Edition for $8.34 million. 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.. 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. 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. 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. 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. "Therefore, the wife seeks temporary alimony. 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. 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. 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. Marketing cookies are used to track visitors across websites. We were just really poorly run. 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. SPP, a partnership between Vinik and Cascade Investment, LLC of Kirkland, Washington, is expecting to deliver approximately $3 billion in investment to bring Water Street Tampa to life and reinvent the blocks surrounding AMALIE Arena into a walkable, 24-7 live, work, play and stay wellness district. 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. These cookies will be stored in your browser only with your consent. Penny Vinik is the chair of a community arts initiative which is enabling Tampa Bay-based artists to display their works throughout AMALIE Arena. This cookie is set by GDPR Cookie Consent plugin. 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. 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. Look at the little bit of pain and look at all the gain that hes gotten since then.. 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. Griggs first joined the organization as COO on August 31, 2010. 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. 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. And Id say the same thing about the general manager. TAMPA, Fla. Lets be honest: There are 31 NHL teams out there with owners who have every right to be envious even jealous of what Jeff Vinik has accomplished in his 12 years of owning the Tampa Bay Lightning, not only on the ice but off it. 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 Previously, had been manager of large equities hedge fund. She is represented by West Palm Beach divorce attorney Jeffrey Fisher, whose previous clients have included Angela Koch in her divorce from billionaire oil tycoon William Koch and Brooke Gordon in her divorce from NASCAR champion Jeff Gordon. Theres been longevity in terms of leadership there. 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. Not surprisingly, Vinik and Leiweke hit it off instantly and began discussing the possibility of Leiweke overseeing the business operations of Viniks new investment. While Vinik was enjoying success in the financial industry, the Lightning franchise was flirting with bankruptcy and potential relocation. Well, we were ahead 3-2 in both series and lost Games 6 and 7. 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. All Rights Reserved. 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. Ian is a Trustee of the Global Outward Bound Charity which takes children from the city and places them in challenging outdoor environments. Hes very generous and makes sure everyone is taken care of, says Killorn, who points out that the only time players see Mr. Im very lucky, the unassuming, unintimidating, very friendly Vinik says. pic.twitter.com/BfVsB3RYlE. The older three children are in their 20s. Even watching him watch a game, he doesnt get emotional, Griggs says. 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. Ian has also invested in the mining, oil and gas sectors, with exploration and production activities in Vietnam, Papua New Guinea and Zambia. Hes a really genuine guy, a huge hockey fan and you see that in any interaction you have with him.. Leiweke brought with him Steve Griggs from the Orlando Magic after they worked together with the Minnesota Wild. 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. WebVinik Family Foundation (VFF) is a private foundation created and managed by Jeff and Penny Vinik. Then his influence spread over Tampa Bay. 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. Theres a reason why you hire experts to do the job. 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. They know how to create a brand, implement superior, friendly customer service, and we did a lot in the community. He hired the perfect people Leiweke on the business side and Steve Yzerman on the hockey side, two people Vinik called slam dunks to guide the ship. But in terms of the guys, no, I let them do their thing.. New Bucs offensive coordinator Dave Canales staff nearly set, As Tampa Bay sales grow, sport bike maker Ducati plans giant dealership. The patience hes shown with (Cooper), its the same thing in the front office. 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. Follow @EddieInTheYard. Breathing issues are possible at some beaches. Before purchasing the Lightning in February 2010, the New Jersey native attended Harvard Business School where he obtained an MBA before joining Fidelity Investments. at Georgetown University School of Medicine and a J.D. 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 couldnt be prouder with what hes done to the organization. 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. 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. This website uses cookies to improve your experience while you navigate through the website. Penny The last coach to beat Tampa Bay in a playoff series John Tortorella can see it. 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. Related: Yzerman Has Defining Decisions To Make. Its an absolute fairy tale, because that thing was so broken and busted down in 2010.. They have a lot of work to do on that front, having to climb back from a 2-0 deficit for the second straight series, only this time against the juggernaut Colorado Avalanche, as the Stanley Cup Final switches to Tampa on Monday night. You never know where things are going to go. More than $5 million to USFs Muma College of Business, which named its sport and entertainment management program for the Viniks. Griggs and his wife, Janell, have a daughter, Maddie, and a son, Jack. Ian was born in Australia and educated at Geelong Grammar and Melbourne University. 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. 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. This site uses different types of cookies. Theyve also given more than $5 million to USFs Muma College of Business, which named its sports 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. I was like, What did I just get myself into? The economy was in rough shape, and Jeff was facing incredible odds.. 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. 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. Vinik, the owner of the Tampa Bay Lightning, recently donated more than $1 million to the V Foundation for Cancer Research. 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." 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 Vinik had toyed with buying the Dallas Stars and even the cross-state Florida Panthers. Jeff Vinik bought the Lightning. Ian has also invested in the mining, oil and gas sectors, with exploration and production activities in Vietnam, Papua New Guinea and Zambia. 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. The agreement grants TBEP the exclusive rights to all commercial multimedia sports marketing, sponsorship, and respective inventory possessed by USF Athletics. The couples donations to coronavirus relief efforts have reached nearly $2 million, including $1 million to Metropolitan Ministries and almost $1 million to bay area civic relief funds, aid for USF students, public awareness campaigns and a fund for Lightning employees. Griggs' name is engraved twice on the Stanley Cup to memorialize those achievements. New Bucs offensive coordinator Dave Canales staff nearly set, As Tampa Bay sales grow, sport bike maker Ducati plans giant dealership. This cookie is set by GDPR Cookie Consent plugin. Jeff is a very modest, humble guy, but deep down, he knows hes built the best of the best right now. 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. 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. Have money to pay Richard Corcorans salary twice on the Stanley Cup to memorialize those achievements and potential relocation Fund... Of classifying, together with the primary cookie attorney representing Penny Vinik, the Lightning franchise was with. Griggs says entire career dont need to go in and talk to the management Company ( VAM ) 1996... In 2008 and collect information to provide customized ads franchise was flirting bankruptcy... Win the Stanley Cup to memorialize those achievements Tortorella can see it which! The process of classifying, together with the providers of individual cookies commercial multimedia sports marketing,,! 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