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. We also use third-party cookies that help us analyze and understand how you use this website. 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. By 2009, the organization was losing tens of millions of dollars, had one of the lowest season ticket bases in the NHL (4,500 season ticket holders) and played in a facility that needed significant upgrades. WebVinik Family Foundation (VFF) is a private foundation created and managed by Jeff and Penny Vinik. 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. A $50,000 grant is given out at each home game to the community heros charity of choice. 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. Some have doubts. 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. This cookie is set by GDPR Cookie Consent plugin. Lightning Foundation and Community Relations. 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. WebView phone numbers, addresses, public records, background check reports and possible arrest records for Jeffrey Vinik. 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 It was bleak there for a while, Vinik says. But Viniks cohorts have grown to respect his humility, his wit, his brain, his ability to hire talented people and his acts of kindness, which are legendary in Tampa. Jeff and Penny Vinik want to ensure theyre making an impact not just in the immediate term but 20 or 30 years from now. It was obvious at the time that we had a good thing going. Im very lucky, the unassuming, unintimidating, very friendly Vinik says. 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 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. Tampa Bay Lightning owner, and most recent Stanley Cup champion, Jeff Vinik is the exception to the rule. 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. He oversees all of the organization's business operations, including all concerts and events held at AMALIE Arena. 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. Vinik had toyed with buying the Dallas Stars and even the cross-state Florida Panthers. Thats everything., Im not jealous, the Capitals owner says. It feels like nothing short of a miracle from where that franchise was in 2010 to where it is today. At the time, Vinik was living in the Boston area and decided to reach out to the owners of the Red Sox, Bruins and Celtics to get some tips as to how he could begin his journey to owning an NHL franchise. There are stories of him secretly paying the college tuition of arena workers and helping pay off mortgages. Vinik was born to a Jewish family in Deal, New Jersey. Previously, had been manager of large equities hedge fund. He didnt abandon his principles.. 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. 150 Grossman Drive #306, Braintree, MA 02184, T: +1 617 286 7479 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. It does not store any personal data. Through the 2020-21 season, more than $23 million has been donated through the Community Heroes program to more than 750 local non-profits. 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. And Steve did his magic., Before each hockey season, Leonsis sends Vinik an email that says: I want to win the Stanley Cup. Some cookies are placed by third party services that appear on our pages. Ian champions many charitable organizations with emphasis on providing support for education and the environment. Sign up for our regular 'Bolts Newsletter' for all the latest. 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 first Cup, when Tampa Bay beat Dallas in the Edmonton bubble, Vinik was at home in Cape Cod with his family. But I got a lot going on, Vinik continues with a big laugh. WebJeff Vinik joined aXiomatic in June 2017 as an investor and Co-Executive Chairman. Owner of Tampa Bay Lightning hockey team and co-developer of major real estate project. According to a recent article in Forbes, he is a Harvard MBA who had a stellar record running Fidelity's Magellan fund when he was only 33 years old. Vinik has become a civic leader, providing the city with his time and money which has been reciprocated by the community. 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. Hes an unbelievable owner. Baden co-founded and remains a Director of the UKs largest biomethane transport infrastructure company, CNG Fuels, which was founded in 2014. On February 7, 2020, Griggs led the charge on the new naming rights of the Lightning's practice facility, TGH Ice Plex. Tod is so good at building a championship brand. One of Tampa Bay's leading philanthropic couples takes time to work on reconciling. Ian is a Trustee of the Global Outward Bound Charity which takes children from the city and places them in challenging outdoor environments. Additionally, under the umbrellas of the Vinik Family Foundation and the Lightning Foundation, Jeff and his wife Penny have invested nearly $40 million in Tampa Bay area charities through a variety of programs and donations, the most notable being the Lightning Community Heroes program, in which $50,000 is donated to worthy individuals and their non-profits of choice at each Bolts home game. In 2013 he closed his firm to focus his efforts on his growing business interests in Tampa including one of the citys leading sports properties. Nous, Yahoo, faisons partie de la famille de marques Yahoo. 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. Fifty large to a person or charity that does noble work in our community. His business career ranges from pharmaceutical industry to mining, oil and gas. Jeff Vinik bought the Lightning. The guy in the middle of it all was Jeff, Leiweke says. Leiweke brought with him Steve Griggs from the Orlando Magic after they worked together with the Minnesota Wild. 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. 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 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. 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. 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). Penny Vinik, 57, filed a petition June 8 in Hillsborough Circuit Court to dissolve her marriage with Jeff Vinik, 61. The couple met at a bar and restaurant when Jeff Vinik was a Harvard graduate student and she was working at an international consulting firm in Cambridge. The Lightning enjoyed 234-consecutive sellout crowds at AMALIE Arena from 2015-2020, a streak that was halted only by the COVID-19 pandemic. I was like, What did I just get myself into? The economy was in rough shape, and Jeff was facing incredible odds.. Analytics cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously. 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. Follow @EddieInTheYard. Vinik, the owner of the Tampa Bay Lightning, recently donated more than $1 million to the V Foundation for Cancer Research. 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.. Cookies are small text files that can be used by websites to make a user's experience more efficient. If theres anything Ive learned over the last 12 years, I think Im pretty good at hiring people.. Killorn adds that Vinik couldnt be a better owner. This cookie is set by GDPR Cookie Consent plugin. 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 While Vinik was enjoying success in the financial industry, the Lightning franchise was flirting with bankruptcy and potential relocation. 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. Jeffrey Fisher, the divorce attorney representing Penny Vinik, did not respond to a request for comment. The Official Site of the Tampa Bay Lightning. The shine of the 2004 Stanley Cup championship had worn off and fans had grown frustrated with the teams performance and absentee ownership group. Hes just taken it to such a different level. Professor Ken Herrmann I left Seattle, and it felt like we were in a mild recession. The cookie is used to store the user consent for the cookies in the category "Analytics". Enter Search Term. Yzerman hired Julien BriseBois away from the Montreal Canadiens and made him assistant GM. In the end, the Lightning and the city of Tampa hit the ownership jackpot. Sperling became interim CEO until Leiweke officially signed on after he couldnt believe Vinik landed Yzerman as GM. 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. It was very sobering, adds Leiweke, now the president and CEO of the Seattle Kraken. They needed Steve Yzerman. The cookie is used to store the user consent for the cookies in the category "Performance". Prior to being tabbed as CEO, he spent one year as team president and four as chief operating officer. 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. After some deep thought, and a few glasses of wine, he targeted professional sports as his next pursuit. 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