Fire everybody, Leonsis says. Vinik, the owner of the Tampa Bay Lightning, recently donated more than $1 million to the V Foundation for Cancer Research. WebIn Fall 2018, VFF will loan Yayoi Kusama's Infinity Room LOVE IS CALLING to the Tampa Museum of Art. Prior to being tabbed as CEO, he spent one year as team president and four as chief operating officer. We want to win the Cup every year.. This site uses different types of cookies. Vinik now sits as a member of the Executive Committee of the National Hockey League's Board of Governors. Dr Langer is a graduate of Columbia University, and earned an M.D. 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. We also use third-party cookies that help us analyze and understand how you use this website. And we ended up with a good hockey team, which doesnt hurt either.. Were not going to blow it up! Their research produced some interesting results. Under the Cur(ate) TPA umbrella, Griggs oversaw the design and opening of the new Cigar City Brewing Taproom on Ford Thunder Alley. 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. 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. Updated hourly, with analysis, commentary and features from hundreds writers worldwide, our articles are read over 5 million times every month. 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. Then his influence spread over Tampa Bay. 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. The case was withdrawn by Penny Vinik, who in June filed a petition to dissolve her marriage to 61-year-old Jeff Vinik, the Tampa Bay Lightning owner and Water Street Tampa project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. I have been following the stadium developments, including the site selection, with great interest. 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. He has extensive product and clinical development experience across a range of small molecule and biological products. But we knew we were getting better as a team and as an organization and everybody, including the coaching staff, learned from it. The Lightning secured two-straight Atlantic Division crowns (2018 and 2019) and their third and fourth division titles overall with Griggs as CEO. 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. Vinik turned to his network again and Sperling introduced him to the CEO of the Seattle Seahawks, one of the brightest business minds in professional sports, Tod Please provide a valid email address. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Baden co-founded and remains a Director of the UKs largest biomethane transport infrastructure company, CNG Fuels, which was founded in 2014. 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'. And we just had a disastrous playoff. Use arrows to navigate between autocomplete results. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . But the location of the building is just too isolated. Then we got swept. LinkedIn sets the lidc cookie to facilitate data center selection. Together, they have been one of the areas leading philanthropic families. But Vinik and BriseBois didnt do anything rash. If she has not withdrawn the petition by Sept. 24, the divorce litigation will resume. Penny Vinik is the chair of a community arts initiative which is enabling Tampa Bay-based artists to display their works throughout AMALIE Arena. In the eyes of many, a pivotal juncture in the Vinik ownership came in 2019 when the Blue Jackets shocked the Lightning, sweeping them in the first round after a 62-win, 128-point season. 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. Perhaps they contain the secret to becoming a champion both on the ice and in the community. That filing referred to the marriage as irretrievably broken. Jeff Vinik joined aXiomatic in June 2017 as an investor and Co-Executive Chairman. Sign up for our regular 'Bolts Newsletter' for all the latest. 1 in ESPN's "Ultimate Standings" in September 2016. These cookies will be stored in your browser only with your consent. He is widely considered a model owner sitting on the throne of the NHLs model franchise. Penny Vinik has been a strong advocate for and patron of the arts within Tampa Bay. Ian is best known for having founded and chaired two billion-dollar companies in the pharmaceutical sector, Medeva PLC and Skyepharma PLC. So I choose to let it run, let the people do their job. The success really speaks for itself: winning back-to-back Cups, in the Final again for a chance at a third Cup. 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. This cookie is set by GDPR Cookie Consent plugin. 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. Its very impressive. 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. 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. The Viniks champion many charitable organizations with emphasis on providing support for education, entrepreneurship, and the arts. Vinik has worked in the investment management business his entire career. Hes very generous and makes sure everyone is taken care of, says Killorn, who points out that the only time players see Mr. It was Viniks family who designed the Lightnings spectacular Stanley Cup rings on a pair of cocktail napkins. It was bleak there for a while, Vinik says. 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. You could get in the door for as little as $2 or find a free ticket if you happened to pick up your dry cleaning or walk into the right grocery store at the right time, but still there was little support. A large portion of the population had an affinity for a game usually reserved for northern US states and Canadian provinces. He uprooted his family his wife, Penny, and four children to Tampa, made the Lightning his full-time job and has become one of the citys biggest philanthropists. Theyve pledged $20 million to the Tampa Bay community since Jeff purchased the Lightning in 2010 and the couple moved to the area. TAMPA Tampa Bay power couple Jeff and Penny Vinik have officially reconciled their marriage, ending divorce proceedings on Tuesday in Hillsborough County Circuit Court. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Some have doubts. 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. Founded in 1997, VFF has donated over $75 million to nonprofits working in At that time, Penny Vinik said her marriage was irretrievably broken in her petition. 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. But in terms of the guys, no, I let them do their thing.. Almost immediately, Vinik began researching everything he could find on owning and running a professional sports team. He has hired a great group of executives to run his business and hockey operations, and you can see how much he cares about the franchise. Vinik and Virgo, who had each led previously funding rounds for Peerfit, were joined by other existing shareholders in the latest round, said Ed He didnt abandon his principles.. He always strikes me as somebody who never stops learning, and theres no ego that gets in the way of him continuing to learn. 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. Youll get a roundup of the biggest Tampa community news twice a week. 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. Thats everything., Im not jealous, the Capitals owner says. 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. 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. Nous, Yahoo, faisons partie de la famille de marques Yahoo. They established the Lightning Community Hero program in 2011 to provide funding and recognition for those improving the lives of individuals most in need. $2.5 million to renovate and expand a Boys and Girls Club recreation center in the Palm River area. Baden is a co-founding Director of Theragnostics, and brings to the company his experience in developing and financing SMEs. 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. 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. 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. After phase one of his plan was complete, the newest member of the NHL owners club had to get to work and quickly. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. 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. 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. This cookie is set by GDPR Cookie Consent plugin. There was almost nothing for fans to do in the barren surrounding area of downtown Tampa. Facebook; Twitter; Facebook Messenger; Pinterest; Email; print; TAMPA, Fla. -- The Tampa Bay Lightning and team owner Jeff Vinik are donating $2 million toward Hurricane Ian relief efforts.. Im very lucky, the unassuming, unintimidating, very friendly Vinik says. Of course, were not going to blow it up! He has taken vaccines from discovery through to pediatric Phase 2b clinical trials while at the National Institutes of Health in the United States. 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A $50,000 grant is given out at each home game to the community heros charity of choice. 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. 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. I couldnt be prouder with what hes done to the organization. Previously, had been manager of large equities hedge fund. I left Seattle, and it felt like we were in a mild recession. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". He sunk $40 million of his own money into a county-owned arena with no recourse. Fire the coach. He has served on several non-profit boards, including United Way of Massachusetts Bay, Duke University, and the United States Figure Skating Foundation. Tampa Bay sale all but done.. Jeff Vinnik Boston hedge fund guy buys from Oren Koules and Len Barrie.. Should be announced friday.. But win or lose, it wont change how Vinik is viewed. Follow @EddieInTheYard. Overall, the Vinik Foundation has donated over $23 million to our community. Sperling and Vinik became fast friends and Sperling agreed to help guide Vinik through the process. All Rights Reserved. Jeff graduated from Duke University and earned his MBA from Harvard Business School. In 2018, TBEP also launched The Identity Tampa Bay, an on-demand digital network that offers local lifestyle, entertainment and sports content in multiple forms, including a newsletter, digital media and streaming services. 150 Grossman Drive #306, Braintree, MA 02184, T: +1 617 286 7479 Ian champions many charitable organizations with emphasis on providing support for education and the environment. Im always amazed at teams that fire a GM after three years. Penny Vinik seeks divorce from Lightning owner Jeff Vinik, Lightning broadcaster Rick Peckham to receive Foster Hewitt Memorial Award. 1 Sans Walk, London EC1R 0LT, T: +44 (0)20 3355 1546 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. Whitepages people search is the most trusted directory. At 50 years old or so, 12, 13 years ago, my life changed in a direction I could not have imagined. 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. $5 million to the endowment at the Tampa Museum of Art to support the position of executive director. She says she agrees that he may have exclusive use of the couples home in Sarasota while the divorce is pending. 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. The Jeff and Penny Vinik Foundation has donated $50,000 to a local community hero at every home game. The Viniks have four children, Danny, Jared, Kyra and Joshua, none of whom are minors. 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. 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 LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. 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. 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.. 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. 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 Lightning enjoyed 234-consecutive sellout crowds at AMALIE Arena from 2015-2020, a streak that was halted only by the COVID-19 pandemic. 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. This cookie is set by GDPR Cookie Consent plugin. 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. But I got a lot going on, Vinik continues with a big laugh. Killorn adds that Vinik couldnt be a better owner. Viniks mantra: Hire good people, then dont interfere. Vinik is at the team Christmas party and after every series win. 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. 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. 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. LinkedIn sets this cookie to remember a user's language setting. He served on the board of directors for Liverpool Football Club of the Premier League from 20102013. 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. Theres a reason why you hire experts to do the job. UK Office Theragnostics Ltd But this has all been hard to believe.. Its a nice building. Tampa needed a strong leader, someone with clout, a tough negotiator and, above all else, was a proven winner. 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. Hes fulfilled every promise he made to the fan base, says Koules, who is still a Lightning fan. He is currently the Chair of the EANM Oncology & Theragnostics committee and Section Editor of the Journal of Nuclear Medicine. He needed a new challenge and he wanted to make a difference. But patience is really important.. 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." Analytical cookies are used to understand how visitors interact with the website. You also have the option to opt-out of these cookies. 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. 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. When we won the Presidents Trophy (in 2010) and we lost in the first round (to Montreal), the howls from media and some fan quarters were: Blow the team up. WebAbout. They needed Steve Yzerman. And, building a winning franchise is also a recipe for success off the ice, especially in U.S. markets. Since the outbreak of the COVID-19 pandemic, the couples donations to coronavirus relief efforts have approached $2 million. These cookies track visitors across websites and collect information to provide customized ads. Viniks likable personality, generosity, passion and authenticity provide a refreshingly positive experience for those fortunate enough to cross paths with him. Before each hockey season, Leonsis sends Vinik an email that says: I want to win the Stanley Cup. It wasnt just getting swept in 2019, Vinik says. His business career ranges from pharmaceutical industry to mining, oil and gas. At Theragnostics, Greg has been instrumental in raising capital via grant funding and private investment. 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. 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. Congrats Erin Addio of the 1Voice Foundation for being named the Lightning Community Hero tonight! 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. 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. And Steve did his magic., Before each hockey season, Leonsis sends Vinik an email that says: I want to win the Stanley Cup. 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. 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. Penny and Jeff Vinik, a Tampa Bay power couple, have put their divorce proceedings on hold for now, filing for a 90-day pause. Lightning Foundation and Community Relations. Michael Russo is a senior writer covering the Minnesota Wild and the National Hockey League for The Athletic. 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. He and his wife, Penny, have donated millions and millions of dollars to local causes, colleges and charities. 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 In September of 2019, through the Vinik Family Foundation, the Viniks donated $5 million to help IDEA Public Schools, a network of nationally acclaimed, tuition-free college preparatory public charter schools, launch four new schools in the Tampa Bay area. 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