Youll get a roundup of the biggest Tampa community news twice a week. Well, and Stanley Cup parades, White House visits and parties like when he booked Fall Out Boy to play a celebratory Cup party for the team at his South Tampa home. But Vinik and BriseBois didnt do anything rash. These cookies will be stored in your browser only with your consent. He served on the board of directors for Liverpool Football Club of the Premier League from 20102013. Michael Russo is a senior writer covering the Minnesota Wild and the National Hockey League for The Athletic. Ian Gowrie-Smith is a serial entrepreneur and the Chairman of Theragnostics. The first Cup, when Tampa Bay beat Dallas in the Edmonton bubble, Vinik was at home in Cape Cod with his family. He wound down VAM in 2013 to focus on his 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. 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 One of Tampa Bay's leading philanthropic couples takes time to work on reconciling. Theyve pledged $20 million to the Tampa Bay community since Jeff purchased the Lightning in 2010 and the couple moved to the area. The last coach to beat Tampa Bay in a playoff series John Tortorella can see it. I got to Florida and it felt like we were in a mild depression. It just had gone on sabbatical. Jeff began his career in the investment management business with Fidelity Investments in 1986. The Lightning enjoyed 234-consecutive sellout crowds at AMALIE Arena from 2015-2020, a streak that was halted only by the COVID-19 pandemic. 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. 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. That is the goal, for our team, for our fans and for our community, says Katz, the Oilers owner. He has served on several non-profit boards, including United Way of Massachusetts Bay, Duke University, and the United States Figure Skating Foundation. 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. Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. 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. Were not going to blow it up! The fan base was there. 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. Get in touch with us and send some basic info about your project. Without elaboration, the petition says the marriage is irretrievably broken. 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. He is currently a Director of the Whitehead Institute for Biomedical Research, Myriad Genetics, Inc. (NASDAQ: MYGN) and Brooklyn ImmunoTherapeutics, Inc. (NYSE American: BTX). On Feb. 5, 2010, Vinik purchased a rotting Lightning franchise from Koules and Barrie for the bargain price of $140 million. In the end, the Lightning and the city of Tampa hit the ownership jackpot. Jeff having confidence in his organization, we can use that. Since 2011, the Lightning have honored a Community Hero at every game and presented that hero with a check for $50,000 to donate to a non-profit charity of their choice. You also have the option to opt-out of these cookies. In May 2012, the family made a $10-million donation to Duke to establish a faculty challenge fund that is being used to hire and retain professors who focus on complex societal challenges such as engineering and related areas in energy, global health, brain sciences and the environment. 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. Copyright 1999-2020 Lightning Hockey, L.P. and the National Hockey League. 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. 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. Hes definitely not an owner thats in the locker room ever, Killorn says. Jeffrey N. Vinik. The turnaround was nothing less than spectacular. It was bleak there for a while, Vinik says. Since the outbreak of the COVID-19 pandemic, the couples donations to coronavirus relief efforts have approached $2 million. Baden holds an MBA from London Business School, and both a Masters degree in Commerce and Bachelors degree in Economics from the University of Sydney. 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. We want to be able to do what they did., (Top photo: Douglas P. DeFelice / Getty Images). Then we got swept. Previously, had been manager of large equities hedge fund. 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. Vinik was awarded Duke University's Distinguished Young Alumni Award in 1994, and he later served on the Duke University Board of Trustees. 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.. The Lightning once again saw a high renewal percentage amongst current partners including Tampa General Hospital, Apple, Southwest Airlines and Honda. The first abatement was granted on June 29, just three months after Penny Vinik, 57, filed for divorce. Leiweke brought with him Steve Griggs from the Orlando Magic after they worked together with the Minnesota Wild. Gary pulled a good one out of his hat for that one.. 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. Whitepages people search is the most trusted directory. I was like, What did I just get myself into? The economy was in rough shape, and Jeff was facing incredible odds.. Art of the Brick, the first exhibit to focus exclusively on the use of LEGO bricks as an art medium, was brought to downtown Tampa in 2017. There was nobody in Section 309, 10, 11, 12, 13, Griggs recalls. But Vinik vowed to make the Lightning a first-class organization and rescue a brand that was in the gutter. Michael can be seen on Bally Sports North and the NHL Network; and heard on KFAN (100.3 FM) and podcasts "Worst Seats in the House" (talknorth.com), "The Athletic Hockey Show" on Wednesdays and "Straight From the Source" (The Athletic). 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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. 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. But Vinik wasnt overcome with regret or fear. WebJeff Vinik joined aXiomatic in June 2017 as an investor and Co-Executive Chairman. Tampa Bay Lightning owner, and most recent Stanley Cup champion, Jeff Vinik is the exception to the rule. Tod is so good at building a championship brand. Jeff and Penny reside in South Tampa and have four children: Danny, Jared, Kyra, and Joshua. But if we cant, I hope its you. Thats how fond Leonsis has During his time in Orlando, Griggs oversaw the Magic's corporate partnerships, premium sales and services, season ticket services and operations, brand management, event presentation and ticket sales departments. Griggs first joined the organization as COO on August 31, 2010. I dont need to go in and talk to the coaches., I could, and a lot of owners do. And Jeff, to his honest, ever-dying credit was very calm and collected and analytical, and kept that team together. Hes fulfilled every promise he made to the fan base, says Koules, who is still a Lightning fan. Greg has a career spanning over 20-years in translational medicine. 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. Founded in 1997, VFF has donated over $75 million to nonprofits working in Penny Congrats Erin Addio of the 1Voice Foundation for being named the Lightning Community Hero tonight! Well, we were ahead 3-2 in both series and lost Games 6 and 7. 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. 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. 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. 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. At 50 years old or so, 12, 13 years ago, my life changed in a direction I could not have imagined. Jeff Vinik bought the Lightning. LinkedIn sets this cookie to remember a user's language setting. 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. Jeff is a very modest, humble guy, but deep down, he knows hes built the best of the best right now. I left Seattle, and it felt like we were in a mild recession. 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. Lightning Hockey, L.P. is a division of Vinik Sports Group. 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. Jeffrey Fisher, the divorce attorney representing Penny Vinik, did not respond to a request for comment. That was a Steve Yzerman pick, under his watch, but we could have gone through two GMs by the time that we had such a great goalie. In Fall 2018, VFF will loan Yayoi Kusama's Infinity Room LOVE IS CALLINGto the Tampa Museum of Art. 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. Like, Ive never said, We have to trade for that player. I would never think to do that, Vinik says. He pledged another $10-million to continue the Hero program in the summer of 2021. In 2021 he became a two-time Stanley Cup Champion after the Lightning captured back-to-back titles. Now that he had hired the right people and provided them with the resources to rebuild the struggling franchise, Vinik shifted his focus and energy into how the organization could have a positive impact in the Tampa community. Vinik has become a civic leader, providing the city with his time and money which has been reciprocated by the community. Under the Cur(ate) TPA umbrella, Griggs oversaw the design and opening of the new Cigar City Brewing Taproom on Ford Thunder Alley. Im very lucky, the unassuming, unintimidating, very friendly Vinik says. They owned a losing franchise, both on and off the ice, they were disconnected from their fan base and they needed a way out. 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. 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. Griggs and his wife, Janell, have a daughter, Maddie, and a son, Jack. 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. LinkedIn sets the lidc cookie to facilitate data center selection. It was a lot of heartbreak, but were we really going to fire Jon Cooper? Im not shy in saying hes the best owner of hockey. at Georgetown University School of Medicine and a J.D. 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. There are probably a few owners who would be well served to study the notes Vinik took back in 2008. I do know that going to hockey games and owning the Tampa Bay Lightning and being part of the community there is the most fun thing I do. Julien and I talk probably once every week to two weeks and he just updates me on whats going on. Its like the first two didnt happen. I didnt have the foresight that he had and didnt have the funds to survive those first three or four years. 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. Yzerman hired Julien BriseBois away from the Montreal Canadiens and made him assistant GM. 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. 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. 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. The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. And again, thats scary, but it was also opportunity to bring in people that bring their A games every day. 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. LinkedIn sets this cookie to store performed actions on the website. He has taken vaccines from discovery through to pediatric Phase 2b clinical trials while at the National Institutes of Health in the United States. He oversees all of the organization's business operations, including all concerts and events held at AMALIE Arena. He believed in people, in the market, and has this way to create loyalty back to himself by treating people well. Just in the Everglades.. Jeff Vinik joined aXiomatic in June 2017 as an investor and Co-Executive Chairman. All Rights Reserved. Times staff writer John Martin contributed to this report. Vinik laughs at the notion that it was a difficult decision to not blow things up. 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'. 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. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers. 1 Sans Walk, London EC1R 0LT, T: +44 (0)20 3355 1546 The agreement grants TBEP the exclusive rights to all commercial multimedia sports marketing, sponsorship, and respective inventory possessed by USF Athletics. He started the Conflict Islands Conservation Initiative and runs volunteer programs for turtle protection and coral research. They were about to miss the playoffs for a third consecutive season and were accruing annual losses well into eight figures. 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. Although the marital estate is large, and the wifes equitable distribution will be substantial, most of the assets are controlled by the husband," the petition says. Im good with numbers, so I can sometimes ask good questions. They established the Lightning Community Hero program in 2011 to provide funding and recognition to those improving the lives of individuals most in need. Copyright 2020 Axiomatic Gaming, LLC | Website Design By AOEcreative.com, This website uses cookies to improve your experience. Through the 2020-21 season, more than $23 million has been donated through the Community Heroes program to more than 750 local non-profits. Breathing issues are possible at some beaches. He has extensive product and clinical development experience across a range of small molecule and biological products. 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. It was Viniks family who designed the Lightnings spectacular Stanley Cup rings on a pair of cocktail napkins. Tampa Bay Lightning owner Jeff Vinik has purchased the top-floor penthouse at the Tampa Edition for $8.34 million. The shine of the 2004 Stanley Cup championship had worn off and fans had grown frustrated with the teams performance and absentee ownership group. Ian was born in Australia and educated at Geelong Grammar and Melbourne University. For all other types of cookies we need your permission. Non-Exec Director. 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. 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. Florida was among the states hardest hit. Its all about the third one right now, Vinik says. 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. 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. John Martin contributed to this report in touch with us and send basic! Bay Lightning owner, and has this way to create loyalty back to himself treating. Gowrie-Smith is a senior writer covering the Minnesota Wild worked together with the Minnesota Wild and the with. 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