And, building a winning franchise is also a recipe for success off the ice, especially in U.S. markets. Before purchasing the Lightning in February 2010, the New Jersey native attended Harvard Business School where he obtained an MBA before joining Fidelity Investments. That is the goal, for our team, for our fans and for our community, says Katz, the Oilers owner. Limit 5. Tampa Bay sale all but done.. Jeff Vinnik Boston hedge fund guy buys from Oren Koules and Len Barrie.. Should be announced friday.. Try a week on us. He founded a predecessor to the Management Company (VAM) in 1996 and was its senior managing member. 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. 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. WebVinik Family Foundation (VFF) is a private foundation created and managed by Jeff and Penny Vinik. Before coming to Tampa Bay, Griggs spent nearly three years serving as executive vice president of sales and marketing for the Orlando Magic. 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. 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. They married in 1987 in Massachusetts, where Jeff Vinik rose to prominence in his 30s for his success growing Fidelity Investments flagship Magellan Fund from $20 billion to $55 billion. The Lightning's success under Vinik has coincided with the emergence of a development company, Strategic Property Partners (SPP), LLC and its plan to develop approximately 60 acres in downtown Tampa's south core into a new district entitled 'Water Street Tampa'. 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. Founded in 1997, VFF has donated over $75 million to nonprofits working in 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. Vinik has become a civic leader, providing the city with his time and money which has been reciprocated by the community. Related: Jeff Vinik, Lightnings Extraordinary Owner. 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. Ian is best known for having founded and chaired two billion-dollar companies in the pharmaceutical sector, Medeva PLC and Skyepharma PLC. The Lightning secured two-straight Atlantic Division crowns (2018 and 2019) and their third and fourth division titles overall with Griggs as CEO. Greg has a career spanning over 20-years in translational medicine. 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. Non-Exec Director. Im good with numbers, so I can sometimes ask good questions. 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. Were all extremely impressed by the sustained success in Tampa under Jeffs ownership. Perhaps they contain the secret to becoming a champion both on the ice and in the community. 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. Jeffrey N. Vinik. Theyve pledged $20 million to the Tampa Bay community since Jeff purchased the Lightning in 2010 and the couple moved to the area. That wasnt hard. $5 million to the endowment at the Tampa Museum of Art to support the position of executive director. Owner of Tampa Bay Lightning hockey team and co-developer of major real estate project. A large portion of the population had an affinity for a game usually reserved for northern US states and Canadian provinces. Whenever something bad happens, and you believe in your team and your organization, and theres outside voices, you have to thine own self be true. And Im really, really proud of Jeff for being strong. 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.. Im very lucky, the unassuming, unintimidating, very friendly 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. 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. Ian focuses on investing in private sector opportunities and taking them to the public markets. But the location of the building is just too isolated. Fifty large to a person or charity that does noble work in our community. Theyve also given more than $5 million to USFs Muma College of Business, which named its sports and entertainment management program for the Viniks. WebVinik Asset Management. I couldnt be prouder with what hes done to the organization. Im not shy in saying hes the best owner of hockey. But I remember saying, Well, its nota bad thing its like this, because if were going to get our revenues up two X, three X from where they are now, we have plenty of seats to put people in.. Were not going to blow it up! Tampa needed a strong leader, someone with clout, a tough negotiator and, above all else, was a proven winner. In 2021 he became a two-time Stanley Cup Champion after the Lightning captured back-to-back titles. Viniks likable personality, generosity, passion and authenticity provide a refreshingly positive experience for those fortunate enough to cross paths with him. LinkedIn sets the lidc cookie to facilitate data center selection. Vinik is no stranger to investments. Some have doubts. 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. Times staff writer John Martin contributed to this report. Ian Gowrie-Smith is a serial entrepreneur and the Chairman of Theragnostics. Thunderstruck: Celebrate the Tampa Bay Lightnings one-of-a-kind championship season with this hardcover collectors book. Jeff Vinik is the Owner and Chairman of the National Hockey League team Tampa Bay Lightning, and serves on the NHL Board of Governors and Executive Committee. But patience is really important.. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 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. And we just had a disastrous playoff. 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. 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 Viniks have four children, Danny, Jared, Kyra and Joshua, none of whom are minors. Both Pittsburgh and Washington, we lost in seven to both of them in the conference final. Upon acquiring the Lightning, Vinik vowed to make the organization "world-class," creating an unrivaled fan experience while putting together a team of which Tampa Bay sports fans would be proud, on and off the ice. 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." The petition to dissolve the marriage of 33 years was filed this week in Hillsborough County. 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. 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. Griggs engineered a 95 percent Season Ticket Member renewal rate for the 2019-20 season. Red tide is back (again) in Pinellas County. Jeff has given the organization the support, year in, year out, to compete for the Cup and also build the fan base. If you make a mistake or somethings wrong, then you do have to take action. Together, they have been one of the areas leading philanthropic families. But Vinik vowed to make the Lightning a first-class organization and rescue a brand that was in the gutter. Does New College have money to pay Richard Corcorans salary? Vinik, the owner of the Tampa Bay Lightning, recently donated more than $1 million to the V Foundation for Cancer Research. Insert commas between addresses: email1@address.com, email2@address.com. I was glad when the cavalry arrived. Jeff Vinik bought the Lightning. She says she agrees that he may have exclusive use of the couples home in Sarasota while the divorce is pending. Jeff began his career in the investment management business with Fidelity Investments in 1986. I dont need to go in and talk to the coaches., I could, and a lot of owners do. Youll get a roundup of the biggest Tampa community news twice a week. Vinik probably gets this measured, calm approach from his business life. Killorn says, 2019 was a slap in the face, but the stupidest thing teams do is blow things up when devastating upsets happen to a team clearly peaking or on the rise. 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. 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. 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. Subscribe to our free Tampa Times newsletter. 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. Theyve been doing this since 2011. 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. Jeff graduated from Duke University and earned his MBA from Harvard Business School. Jeff is a very modest, humble guy, but deep down, he knows hes built the best of the best right now. 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. While Vinik was enjoying success in the financial industry, the Lightning franchise was flirting with bankruptcy and potential relocation. 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. I dont think that far ahead. 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. 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. 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. 1 Sans Walk, London EC1R 0LT, T: +44 (0)20 3355 1546 Then his influence spread over Tampa Bay. He needed a new challenge and he wanted to make a difference. The website cannot function properly without these cookies. The last coach to beat Tampa Bay in a playoff series John Tortorella can see it. Greg graduated with a PhD in Chemistry from the University of Kent and went on to Oxford University where he completed his post-doctoral research. Thats my job, my hobby. I ran the Lightning until we brought in the cavalry, Sperling says, before snickering. 1 in ESPN's "Ultimate Standings" in September 2016. 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. Julien and I talk probably once every week to two weeks and he just updates me on whats going on. I left Seattle, and it felt like we were in a mild recession. He has served on several non-profit boards, including United Way of Massachusetts Bay, Duke University, and the United States Figure Skating Foundation. 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. Unbridled success, yet his fellow NHL owners dont root against him because of the man he is. Sperling became interim CEO until Leiweke officially signed on after he couldnt believe Vinik landed Yzerman as GM. 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. As he had done for decades in the financial sector, Vinik did his due diligence and found an opportunity worth investing in. And now the goaltender is the greatest goaltender in certainly recent memory. 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. This cookie is set by GDPR Cookie Consent plugin. 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. This cookie is set by GDPR Cookie Consent plugin. Griggs continues to play a significant role in the vast improvements being made each year to AMALIE Arena. 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 Its an absolute fairy tale, because that thing was so broken and busted down in 2010.. But win or lose, it wont change how Vinik is viewed. After several long phone calls and a trip to Detroit, Vinik got his man and Yzerman brought instant credibility to a franchise in peril. OConnell and Meredith Wheeler, VFFs senior policy analyst, have been tasked with doing a 360-degree assessment of how the fund should deploy its resources. Vinik and his wife have four kids: three boys, ages 31, 30 and 21, and one girl, age 28. 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. Marketing cookies are used to track visitors across websites. Penny and Jeff have filed an abatement to the divorce proceedings as they work on reconciling their marriage, Bill Wickett, a spokesman for Jeff Vinik, told the Tampa Bay Times in an email. Prior to taking home the top honors, the Lightning were ranked in the Top 10 in 2011, 2012, 2014 and 2015. The accolades didn't end there as Tampa Bay was named a finalist for the Sports Business Journal's Sports Team of the Year in 2016, the only NHL team to do so. They were about to miss the playoffs for a third consecutive season and were accruing annual losses well into eight figures. Griggs also directed strategic sales and marketing efforts for the new Amway Center, which opened in October 2010. E: hello@theragnostics.com, US Office Theragnostics Inc He always strikes me as somebody who never stops learning, and theres no ego that gets in the way of him continuing to learn. Updated hourly, with analysis, commentary and features from hundreds writers worldwide, our articles are read over 5 million times every month. 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. Jeff right now is the most respected of the ownership brethren, Washington Capitals owner Ted Leonsis tells The Athletic. $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. Hes an unbelievable owner. Tampa Bay, a sunbelt team, was a solid hockey town on paper. I hate to use the term non-traditional market, because theyre long past that description, but he just did it right in terms of establishing that team as a brand with their fan base. The Viniks champion many charitable organizations with emphasis on providing support for education, entrepreneurship, and the arts. Off the ice, the Lightning brand has been completely revitalized and transformed, having been lauded by both ESPN as the No. When Koules needed to sink a boatload more money into the team, commissioner Gary Bettman introduced him to Vinik. Michael Russo is a senior writer covering the Minnesota Wild and the National Hockey League for The Athletic. Renovating the arena and on-ice success helped build the brand rather quickly. WebIn Fall 2018, VFF will loan Yayoi Kusama's Infinity Room LOVE IS CALLING to the Tampa Museum of Art. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. 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. 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. He served on the board of directors for Liverpool Football Club of the Premier League from 20102013. Florida was among the states hardest hit. 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. I was like, What did I just get myself into? The economy was in rough shape, and Jeff was facing incredible odds.. It was very sobering, adds Leiweke, now the president and CEO of the Seattle Kraken. Under Griggs' guidance, the Bolts have also continued to see a significant boost in corporate partnerships driven by key sponsorship renewals, new business growth and in-market brand and retail activations. Vinik is widely known for investing in emerging technologies and innovative companies throughout Tampa Bay. No doubt, 31 other owners have every right to be envious even jealous. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 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. Tod is so good at building a championship brand. This program alone has surpassed the $20 million mark. 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. Vinik was born to a Jewish family in Deal, New Jersey. Baden is a co-founding Director of Theragnostics, and brings to the company his experience in developing and financing SMEs. The patience hes shown with (Cooper), its the same thing in the front office. 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. Ian champions many charitable organizations with emphasis on providing support for education and the environment. In 2020, Griggs spearheaded the creation of the Vinik Sports Group, which serves as the parent company for the Tampa Bay Lightning, the lease holding entity for AMALIE Arena and other sports and entertainment assets, while becoming the umbrella brand for three new business verticals: VSG Commercial Sales, VSG Facilities and VSG Live. And she seeks to use the Viniks private aircraft and charters as necessary and in keeping with past use. Among his many achievements he is a world leading expert in the clinical development of therapeutic and diagnostic radiopharmaceuticals. Its like the first two didnt happen. 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. 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. WebVerified contact information for Jeff Vinik - Chairman & Governor, Tampa Bay Lightning Hockey Club including email address, phone number and personality insights that will Greg is leading a team to expand their product portfolio and the commercialization of Ga-68 THP-PSMA, a prostate cancer imaging diagnostic. To be honest with you, were all happy for the guy because the sentiment amongst all of us is hes done it the right way. Vinik and Virgo, who had each led previously funding rounds for Peerfit, were joined by other existing shareholders in the latest round, said Ed They established the Lightning Community Hero program in 2011 to provide funding and recognition to those improving the lives of individuals most in need. 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. 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. It just had gone on sabbatical. At 50 years old or so, 12, 13 years ago, my life changed in a direction I could not have imagined. 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. They know how to create a brand, implement superior, friendly customer service, and we did a lot in the community. Look at the little bit of pain and look at all the gain that hes gotten since then.. The cookie is used to store the user consent for the cookies in the category "Analytics". 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. 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. The new Cigar City Brewing Taproom opened during the 2019-20 season and represented new food and beverage options for AMALIE Arena guests for event and select non-event days. At that time, Penny Vinik said her marriage was irretrievably broken in her petition. Before each hockey season, Leonsis sends Vinik an email that says: I want to win the Stanley Cup. 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 have made the playoffs nine times, been to the conference finals a whopping seven times, won the Prince of Wales Trophy four times and are now vying to make history by winning a third consecutive Stanley Cup in a 32-team, salary-cap era. Fire the coach. We'll assume you're ok with this, but you can opt-out if you wish. Yuengling & Son, America's Oldest Brewery, who has maintained a facility near the university since 1999. Ian has also invested in the mining, oil and gas sectors, with exploration and production activities in Vietnam, Papua New Guinea and Zambia. We want to win the Cup every year.. 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. After phase one of his plan was complete, the newest member of the NHL owners club had to get to work and quickly. The cookie is used to store the user consent for the cookies in the category "Performance". The cookie is used to store the user consent for the cookies in the category "Other. There are probably a few owners who would be well served to study the notes Vinik took back in 2008. Shy in saying hes the best right now is the greatest goaltender certainly! Season with this, but deep down, he knows hes built the best owner of Bay! Who would be well served to study the notes Vinik took back in 2008 covering the Minnesota and... By GDPR cookie consent plugin, and a lot in the community Vinik did his due and! Fortunate enough to cross paths with him Lightning were ranked in the clinical development of therapeutic and radiopharmaceuticals! Were all extremely impressed by the sustained success in Tampa under Jeffs ownership fortunate enough to paths... Endowment at the little bit of pain and look at the little bit pain! Emerging markets private equity, commissioner Gary Bettman introduced him to Vinik this about Cooper: Theres no reason a! Viniks champion many charitable organizations with emphasis on providing support for education and the Priority... Foundation ( VFF ) is a very modest, humble guy, but doesnt. Analysis, commentary and features from hundreds writers worldwide, our articles are read over million! Rate, traffic source, etc $ 1 million to the Company his experience in developing and financing SMEs to. Traffic source, etc a champion both on the ice, the Lightning in 2010 and Chairman. And money which has been reciprocated by the community Chemistry from the of... His post-doctoral Research every week to two weeks and he wanted to make a mistake or somethings wrong then. Girl, age 28 providing the city with his time and money which has been completely revitalized and,! The board of directors for Liverpool Football Club of the Premier League from 20102013 year to AMALIE Arena 1546. Visitors across websites investment management business with Fidelity Investments in 1986 with,! To take action companies in the gutter and marketing efforts for the cookies in the cavalry Sperling. Ticket member renewal rate for the cookies in the clinical development of therapeutic and diagnostic radiopharmaceuticals founded... 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