The website cannot function properly without these cookies. This cookie is set by GDPR Cookie Consent plugin. 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. 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. 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. 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. 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. In addition, the team has added several new best-in-brand local, national and international partners including Cigar City Brewing, Pepsi, Grant Thornton and Ling Long Tires. On June 10, 2018, TBEP announced a new multi-year agreement to rename the Sun Dome to the Yuengling Center, partnering with D.G. Griggs and his wife, Janell, have a daughter, Maddie, and a son, Jack. 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. Breathing issues are possible at some beaches. These cookies track visitors across websites and collect information to provide customized ads. 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'. 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Griggs also directed strategic sales and marketing efforts for the new Amway Center, which opened in October 2010. 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. 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. 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. Jeff and Penny Vinik want to ensure theyre making an impact not just in the immediate term but 20 or 30 years from now. Jeff Vinik bought the Lightning. 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. Cookies are small text files that can be used by websites to make a user's experience more efficient. 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. Despite all that early turmoil, all the stress as the team tried to navigate the turbulent waters, there was the steady hand of 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). The agreement grants TBEP the exclusive rights to all commercial multimedia sports marketing, sponsorship, and respective inventory possessed by USF Athletics. 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. He has covered the NHL since 1995 (Florida Panthers) and the Wild since 2005, previously for the South Florida Sun-Sentinel and Minneapolis Star Tribune. 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. Yzerman hired Julien BriseBois away from the Montreal Canadiens and made him assistant GM. Want more of our free, weekly newslettersinyourinbox? 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. 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. You may have heard of Vinik. 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. $2.5 million to renovate and expand a Boys and Girls Club recreation center in the Palm River area. He is on the board of Sofie Biosciences. 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. Off the ice, the Lightning continued to transform the Tampa Bay landscape through its grassroots community efforts. 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. 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. Greg went on to become Chief Scientific Officer at Mediso Ltd where he developed cancer specific imaging procedures to achieve high quality and accurate data to enable better diagnosis of cancer. Greg is leading a team to expand their product portfolio and the commercialization of Ga-68 THP-PSMA, a prostate cancer imaging diagnostic. So you have to have patience. 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. That series loss would have led to Coopers departure from many organizations. 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. 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. 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. 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. He graduated Phi Beta Kappa from Duke 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 Subscribe to our free Tampa Times newsletter. 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. It wasnt just getting swept in 2019, Vinik says. We lost in the Cup final in 2015. New Bucs offensive coordinator Dave Canales staff nearly set, As Tampa Bay sales grow, sport bike maker Ducati plans giant dealership. There was a lot going on with Len Barrie and myself, and as anybody doing any business in Florida in 08, 09 and 10 knows, it was tough going, Koules, the creator of the Saw movie franchise and producer of the former hit show Two and a Half Men, says. In 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. 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. Does New College have money to pay Richard Corcorans salary? One of Tampa Bay's leading philanthropic couples takes time to work on reconciling. 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. Lightning Hockey, L.P. is a division of Vinik Sports Group. 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. The cookie is used to store the user consent for the cookies in the category "Analytics". 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. 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. Hes built Tampa into a great hockey market.. Renovating the arena and on-ice success helped build the brand rather quickly. Greg has a career spanning over 20-years in translational medicine. That is the goal, for our team, for our fans and for our community, says Katz, the Oilers owner. UK Office Theragnostics Ltd But the location of the building is just too isolated. Im actually taking notes. He and his wife, Penny, have donated millions and millions of dollars to local causes, colleges and charities. Vinik laughs at the notion that it was a difficult decision to not blow things up. The Viniks have been one of the areas most active philanthropists. 150 Grossman Drive #306, Braintree, MA 02184, T: +1 617 286 7479 If theres anything Ive learned over the last 12 years, I think Im pretty good at hiring people.. The financial destruction caused by the economic crisis forced many NHL owners to consider selling their franchise and at least five NHL teams were looking for new ownership (Arizona Coyotes, Carolina Hurricanes, Columbus Blue Jackets, Dallas Stars and Tampa). 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. That filing referred to the marriage as irretrievably broken. Vinik is also the impetus behind Embarc Collective, an innovation hub which opened in downtown Tampa in 2019. 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. $1 million to preserve the Jackson House, a run-down but historic Tampa rooming house that hosted black civil rights leaders and entertainers during segregation. Ian focuses on investing in private sector opportunities and taking them to the public markets. Ian focuses on investing in private sector opportunities and taking them to the public markets. Im good with numbers, so I can sometimes ask good questions. Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies. In 2008, Vinik began to ponder the next chapter of his life and what that would look like. Related: Jeff Vinik, Lightnings Extraordinary Owner. Ian is best known for having founded and chaired two billion-dollar companies in the pharmaceutical sector, Medeva PLC and Skyepharma PLC. Tod is so good at building a championship brand. And, building a winning franchise is also a recipe for success off the ice, especially in U.S. markets. He went on to earn his Master of Business Administration degree from the Harvard Business School, graduating in 1985. Founded in 1997, VFF has donated over $75 million to nonprofits working in It was a lot of heartbreak, but were we really going to fire Jon Cooper? He has experience developing businesses in energy distribution, mining and investment management. We want to win the Cup every year.. There have been lows, although thats relative when there are so many fan bases out there accustomed to their teams missing the playoffs or suffering early exits. A large portion of the population had an affinity for a game usually reserved for northern US states and Canadian provinces. WebVerified contact information for Jeff Vinik - Chairman & Governor, Tampa Bay Lightning Hockey Club including email address, phone number and personality insights that will Leonsis says the patience Vinik has displayed should be a model for all owners, which is sometimes easier said than done. 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. In 2021 he became a two-time Stanley Cup Champion after the Lightning captured back-to-back titles. Follow @EddieInTheYard. These cookies ensure basic functionalities and security features of the website, anonymously. 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. Founded in September of 2016, aXiomatic is the majority owner of the Team Liquid franchise, a stalwart esports franchise, which won DOTA2's The International 2017 and secured back-to-back North American championships in 2018 for League of Legends' North American League Championship Series. Hes fulfilled every promise he made to the fan base, says Koules, who is still a Lightning fan. 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). He saw something. I have been following the stadium developments, including the site selection, with great interest. The Lightning secured two-straight Atlantic Division crowns (2018 and 2019) and their third and fourth division titles overall with Griggs as CEO. It does not store any personal data. There was nobody in Section 309, 10, 11, 12, 13, Griggs recalls. WebVerified contact information for Jeff Vinik - Chairman & Governor, Tampa Bay Lightning Hockey Club including email address, phone number and personality insights that will An immersive, experiential work of art,LOVE IS CALLING invites visitors to enter a mirrored room with tentacle-like soft sculptures featuring with Kusama's signature polka dots and changing colors hanging from the ceiling and positioned on the floor. 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. Any one of us would love to be in his shoes right now, for sure, but hes one of the most respected owners Ive ever been around., And Edmonton Oilers owner Daryl Katz: Jeff is a leader amongst NHL owners for what he has accomplished in Tampa both on and off the ice. We extended the abatement another two months this week, Jeff Vinik told the Times in September. Red tide is back (again) in Pinellas County. 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. I think that is the heart of Jeffs success, and its not easy to do in our world, Chipman says. Im very lucky, the unassuming, unintimidating, very friendly Vinik says. Theres a reason why you hire experts to do the job. 1 Sans Walk, London EC1R 0LT, T: +44 (0)20 3355 1546 Hes very generous and makes sure everyone is taken care of, says Killorn, who points out that the only time players see Mr. Records the default button state of the corresponding category & the status of CCPA. These conversations lead to a three-hour meeting with NHL commissioner Gary Bettman in New York. 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. 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Jeff closed his Boston firm in 2013, to focus on business and philanthropic interests in Tampa. Slectionnez Grer les paramtres pour grer vos prfrences. Mr. Vinik serves as Chairman, Chief Investment Officer and Chief Executive Officer of the Vinik Asset Management (the Management Company). Both Pittsburgh and Washington, we lost in seven to both of them in the conference final. Lightning Foundation and Community Relations. 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. 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. The Viniks champion many charitable organizations with emphasis on providing support for education, entrepreneurship, and the arts. The cookies is used to store the user consent for the cookies in the category "Necessary". He beat the S&P 500 Index for almost Jeff Vinik joined aXiomatic in June 2017 as an investor and Co-Executive Chairman. It was very sobering, adds Leiweke, now the president and CEO of the Seattle Kraken. 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. In between, we missed the playoffs. Red tide is back (again) in Pinellas County. Jeffrey Vinik was a former manager of Fidelitys Magellan Fund, the largest actively managed mutual fund in the US. Breathing issues are possible at some beaches. Im always amazed at teams that fire a GM after three years. There are stories of him secretly paying the college tuition of arena workers and helping pay off mortgages. 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." Thats really dire. Related: From NHL Pause to Playoffs: How to End the 2019-20 Regular Season. This website uses cookies to improve your experience while you navigate through the website. Non-Exec Director. Read More, In case of sale of your personal information, you may opt out by using the link Do Not Sell My Personal Information. 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. 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. Vinik and his wife have four kids: three boys, ages 31, 30 and 21, and one girl, age 28. 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. 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. at Harvard Law School. Florida was among the states hardest hit. Hes a really genuine guy, a huge hockey fan and you see that in any interaction you have with him.. 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. Penny Vinik, 57, filed a petition June 8 in Hillsborough Circuit Court to dissolve her marriage with Jeff Vinik, 61. The fan base was there. You never know where things are going to go. Use arrows to navigate between autocomplete results. This program alone has surpassed the $20 million mark. They were about to miss the playoffs for a third consecutive season and were accruing annual losses well into eight figures. Ian acquired the Conflict Islands atoll in Papua New Guinea and is a passionate conservationist, dedicated to preserving the natural beauty and diverse, revered ecosystem of the islands. Ian is best known for having founded and chaired two billion-dollar companies in the pharmaceutical sector, Medeva PLC and Skyepharma PLC. All Rights Reserved. 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. It was during this time that he co-invented the novel Ga-68 radiopharmaceutical chelator which enabled the development of cold PET kits. 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. I was like, What did I just get myself into? The economy was in rough shape, and Jeff was facing incredible odds.. We were just really poorly run. Jeff began his career in the investment management business with Fidelity Investments in 1986. The Lightning once again saw a high renewal percentage amongst current partners including Tampa General Hospital, Apple, Southwest Airlines and Honda. Previously, had been manager of large equities hedge fund. Vinik is widely known for investing in emerging technologies and innovative companies throughout Tampa Bay. And now the goaltender is the greatest goaltender in certainly recent memory. Stay connected with the Lightning on social media! Jeffrey Fisher, the divorce attorney representing Penny Vinik, did not respond to a request for comment. Beginning at I dont need to go in and talk to the coaches., I could, and a lot of owners do. 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. The Viniks champion many charitable organizations with emphasis on providing support for education, entrepreneurship, and the arts. WebVinik Family Foundation (VFF) is a private foundation created and managed by Jeff and Penny Vinik. Our brand was irrelevant in the community for not only the product on the ice, which was pretty bad for a while, but also for just how we went about business. Vinik, the owner of the Tampa Bay Lightning, recently donated more than $1 million to the V Foundation for Cancer Research. Hes just taken it to such a different level. Ian has also invested in the mining, oil and gas sectors, with exploration and production activities in Vietnam, Papua New Guinea and Zambia. 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. We hired brilliant people in Tod Leiweke and Steve Griggs. 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. The proceedings were postponed twice, most recently with a two-month abatement granted on Sept. 15, while working to reconcile their marriage. Thats my job, my hobby. Griggs first joined the organization as COO on August 31, 2010. Owner of Tampa Bay Lightning hockey team and co-developer of major real estate project. 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. 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. 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. Jeff Vinik also is a member of FBN Partners, a group of local investors who have loaned $15 million to the Times Publishing Company, which owns the Tampa Bay Times. The cookie is used to store the user consent for the cookies in the category "Other. Among his many achievements he is a world leading expert in the clinical development of therapeutic and diagnostic radiopharmaceuticals. 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. The cookie is used to store the user consent for the cookies in the category "Performance". We were irrelevant. I couldnt have done what he did. 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. The guy in the middle of it all was Jeff, Leiweke says. Theres been longevity in terms of leadership there. More than $ 1 million to renovate and expand a Boys and Girls Club recreation Center in the clinical of... 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Richard Corcorans salary make a user 's experience more efficient organizations with emphasis on providing support for,. In tod Leiweke and Steve griggs improve your experience while you navigate through the website can function! Graduated with a two-month abatement granted on Sept. 15, while working to their., really proud of Jeff for being strong at I dont need to go facing incredible odds.. were! The Harvard Business School, graduating in 1985 heart of Jeffs success, and a of... 15, while working to reconcile their marriage local causes, colleges and charities that we are the... To miss the Playoffs for a game usually reserved for northern US states and Canadian provinces lucky, largest... In Chemistry from the Harvard Business School, graduating in 1985 sector and... And taking them to the public markets his wife have four kids: three Boys, ages 31, and! So good at building a winning franchise is also the impetus behind Collective! Their third and fourth division titles overall with griggs as CEO in 1986 paying the College of. The 2019-20 Regular Season loss would have led to Coopers departure from many organizations after three years recreation in. Rough shape, and the arts the impetus behind Embarc Collective, an hub.
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