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. During Griggs' tenure with the Lightning, the organization has risen to unprecedented heights, as evidenced by the team selling out 234 consecutive games from 2015 through 2020, a streak that was halted only by the COVID-19 pandemic that kept fans from attending games in person at AMALIE Arena. Jeff right now is the most respected of the ownership brethren, Washington Capitals owner Ted Leonsis tells The Athletic. From there, Vinik committed to a variety of programs including a $3 billion investment in the Water Street project to revitalize the citys downtown core. 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The Tampa Bay Sports Store at Amalie Arena features a selection of Tampa Bay Lightning t-shirts, jerseys, autographed memorabilia and more! 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. There are stories of him secretly paying the college tuition of arena workers and helping pay off mortgages. Letsgetstarted. LinkedIn sets this cookie to remember a user's language setting. 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. Almost immediately, Vinik began researching everything he could find on owning and running a professional sports team. In mid-2009, former Lightning owners Oren Koules (a Hollywood executive) and Len Barrie (former NHLer) had come to grips with reality. 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. Hes a really genuine guy, a huge hockey fan and you see that in any interaction you have with him.. No doubt, 31 other owners have every right to be envious even jealous. Ian is a Trustee of the Global Outward Bound Charity which takes children from the city and places them in challenging outdoor environments. 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. Unbridled success, yet his fellow NHL owners dont root against him because of the man he is. Thats everything., Im not jealous, the Capitals owner says. I was like, What did I just get myself into? The economy was in rough shape, and Jeff was facing incredible odds.. To find out more see our. 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. Fifty large to a person or charity that does noble work in our community. If theres anything Ive learned over the last 12 years, I think Im pretty good at hiring people.. E: hello@theragnostics.com, US Office Theragnostics Inc Hes fulfilled every promise he made to the fan base, says Koules, who is still a Lightning fan. He started the Conflict Islands Conservation Initiative and runs volunteer programs for turtle protection and coral research. 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. Use arrows to navigate between autocomplete results. Sign up for our regular 'Bolts Newsletter' for all the latest. Tampa Bay Lightning and tampabaylightning.com are trademarks of Lightning Hockey L.P. NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks of the National Hockey League. Jeff graduated from Duke University and earned his MBA from Harvard Business School. 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. At that time, Penny Vinik said her marriage was irretrievably broken in her petition. 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. Off the ice, the Lightning brand has been completely revitalized and transformed, having been lauded by both ESPN as the No. Theres been longevity in terms of leadership there. Florida was among the states hardest hit. In 2021 he became a two-time Stanley Cup Champion after the Lightning captured back-to-back titles. After several long phone calls and a trip to Detroit, Vinik got his man and Yzerman brought instant credibility to a franchise in peril. He pledged another $10-million to continue the Hero program in the summer of 2021. 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. 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. Yuengling & Son, America's Oldest Brewery, who has maintained a facility near the university since 1999. But in terms of the guys, no, I let them do their thing.. Hes built Tampa into a great hockey market.. 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. New Bucs offensive coordinator Dave Canales staff nearly set, As Tampa Bay sales grow, sport bike maker Ducati plans giant dealership. 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. Under Griggs' guidance, the Lightning unveiled a new third jersey and uniform system to much success during the 2018-19 season, an undertaking nearly two years in the making and a collaborative work between the Lightning, adidas and the NHL. Jeffrey N. Vinik. Were all extremely impressed by the sustained success in Tampa under Jeffs ownership. I couldnt have done what he did. 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. And when Tampa a couple years ago had the greatest team, most points and they played in the first round against Columbus, and they got swept, everyone said the goaltenders not going to be good, change the coach, blow it up. 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. These cookies track visitors across websites and collect information to provide customized ads. Dr Langer is a graduate of Columbia University, and earned an M.D. After some deep thought, and a few glasses of wine, he targeted professional sports as his next pursuit. 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 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. Without elaboration, the petition says the marriage is irretrievably broken. This program alone has surpassed the $20 million mark. 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. 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. 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. Cookies are small text files that can be used by websites to make a user's experience more efficient. Prior to taking home the top honors, the Lightning were ranked in the Top 10 in 2011, 2012, 2014 and 2015. The cookie is used to store the user consent for the cookies in the category "Other. 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. It feels like nothing short of a miracle from where that franchise was in 2010 to where it is today. Vinik and his wife have four kids: three boys, ages 31, 30 and 21, and one girl, age 28. So you have to have patience. Ian is a Trustee of the Global Outward Bound Charity which takes children from the city and places them in challenging outdoor environments. 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. 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. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Jeff is a very modest, humble guy, but deep down, he knows hes built the best of the best right now. Some cookies are placed by third party services that appear on our pages. 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. Griggs was instrumental in generating the team's "Be the Thunder" campaign that has galvanized the fan base and served as a rallying cry to fans both at the games and in the community. They know how to create a brand, implement superior, friendly customer service, and we did a lot in the community. This cookie is set by GDPR Cookie Consent plugin. Want more of our free, weekly newslettersinyourinbox? Does New College have money to pay Richard Corcorans salary? But Vinik wasnt overcome with regret or fear. And now the goaltender is the greatest goaltender in certainly recent memory. 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. There are probably a few owners who would be well served to study the notes Vinik took back in 2008. Lightning Foundation and Community Relations. Viniks mantra: Hire good people, then dont interfere. Im worried theyll unanimously vote in a rule that prohibits teams from Florida to win the Stanley Cup, Vinik jokes. Killorn adds that Vinik couldnt be a better owner. We extended the abatement another two months this week, Jeff Vinik told the Times in September. Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies. Hes done so much work in the stock market, hes used to ebbs and flows. Leiweke brought with him Steve Griggs from the Orlando Magic after they worked together with the Minnesota Wild. 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 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. For all other types of cookies we need your permission. It took Vasilevskiy five or six years to hit his prime. A large portion of the population had an affinity for a game usually reserved for northern US states and Canadian provinces. Embarc formally brings together startup companies, venture capitalists, academic resources, and startup-focused partners in a central physical hub to help open opportunities, inspire iteration, push progress, and put Tampa Bay on the map as a prime destination for diverse startup talent to make an impact. I didnt have the foresight that he had and didnt have the funds to survive those first three or four years. 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. She is represented by West Palm Beach divorce attorney Jeffrey Fisher, whose previous clients have included Angela Koch in her divorce from billionaire oil tycoon William Koch and Brooke Gordon in her divorce from NASCAR champion Jeff Gordon. 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.. It was a lot of heartbreak, but were we really going to fire Jon Cooper? Thats really dire. 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 That series loss would have led to Coopers departure from many organizations. That is the goal, for our team, for our fans and for our community, says Katz, the Oilers owner. pic.twitter.com/BfVsB3RYlE. 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. Hes very generous and makes sure everyone is taken care of, says Killorn, who points out that the only time players see Mr. But if we cant, I hope its you.. He hired the perfect people Leiweke on the business side and Steve Yzerman on the hockey side, two people Vinik called slam dunks to guide the ship. Penny Vinik has been a strong advocate for and patron of the arts within Tampa Bay. Mainly, we talk budgets. Today, Griggs runs the business side and BriseBois the hockey side, so theres never been any upheaval only consistency in the organizations two most important leadership positions. That wasnt hard. They established the Lightning Community Hero program in 2011 to provide funding and recognition for those improving the lives of individuals most in need. All Rights Reserved. Penny Vinik has made a substantial contribution to the acquisition of the parties assets and the produce of income throughout this 33-year marriage, the petition 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.. Jeff has given the organization the support, year in, year out, to compete for the Cup and also build the fan base. It does not store any personal data. We hired brilliant people in Tod Leiweke and Steve Griggs. Related: Jeff Vinik, Lightnings Extraordinary Owner. Ian Gowrie-Smith was born in Australia and educated at Geelong Grammar and Melbourne University. Among his many achievements he is a world leading expert in the clinical development of therapeutic and diagnostic radiopharmaceuticals. Griggs and his wife, Janell, have a daughter, Maddie, and a son, Jack. He has experience developing businesses in energy distribution, mining and investment management. Griggs first joined the organization as COO on August 31, 2010. 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. 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. Jeff and Penny Vinik continue to personally invest in the community, bringing one-of-a-kind art installations "The Beach," "Art of the Brick," and "Love is Calling" to the city of Tampa. Ian is best known for having founded and chaired two billion-dollar companies in the pharmaceutical sector, Medeva PLC and Skyepharma PLC. 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'. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. Congrats Erin Addio of the 1Voice Foundation for being named the Lightning Community Hero tonight! The Jeff and Penny Vinik Foundation has donated $50,000 to a local community hero at every home game. What a ride this has been for Vinik, 63, who struck it rich in the hedge fund business then decided to reinvent himself and Googled, How to buy a sports team. A dozen years later, he ended up sitting behind the Resolute Desk in the Oval Office and told by president Joe Biden to make himself comfortable during a White House visit to celebrate his teams two championships. Jeffrey Fisher, the divorce attorney representing Penny Vinik, did not respond to a request for comment. If no results appear, use Enter to do a full site search. 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. Twelve years ago, shortly after Vinik purchased the team from Hollywood television and movie producer Oren Koules and former NHL player Len Barrie, Vinik, Leiweke, Griggs and then-chief financial officer Martha Fuller sat in the stands to watch a game in Section 312. Griggs also directed strategic sales and marketing efforts for the new Amway Center, which opened in October 2010. He has served on several non-profit boards, including United Way of Massachusetts Bay, Duke University, and the United States Figure Skating Foundation. 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. Penny Vinik is the chair of a community arts initiative which is enabling Tampa Bay-based artists to display their works throughout AMALIE Arena. When Koules needed to sink a boatload more money into the team, commissioner Gary Bettman introduced him to Vinik. The shine of the 2004 Stanley Cup championship had worn off and fans had grown frustrated with the teams performance and absentee ownership group. 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. 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. He needed a new challenge and he wanted to make a difference. He graduated Phi Beta Kappa from Duke And Jeff, to his honest, ever-dying credit was very calm and collected and analytical, and kept that team together. With the significant increase in attendance and overall brand awareness over the past few seasons, the team has in turn seen increases in revenues and profitability. 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. The Aurora, Ontario native also worked for Maple Leaf Sports & Entertainment (MLSE), the NBA's Toronto Raptors (1994-99) and the NHL's Toronto Maple Leafs (1998-99) as the director of ticket sales and service, where he led the sales and relocation efforts from historic Maple Leaf Gardens into Air Canada Centre in Toronto. We are all in this business to win the Stanley Cup. Mr. Vinik serves as Chairman, Chief Investment Officer and Chief Executive Officer of the Vinik Asset Management (the Management Company). 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. Subscribe to The Athletic for in-depth coverage of your favorite players, teams, leagues and clubs. The first Cup, when Tampa Bay beat Dallas in the Edmonton bubble, Vinik was at home in Cape Cod with his family. Please provide a valid email address. The Lightning once again saw a high renewal percentage amongst current partners including Tampa General Hospital, Apple, Southwest Airlines and Honda. 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. He started the Conflict Islands Conservation Initiative and runs volunteer programs for turtle protection and coral research. 1 Sans Walk, London EC1R 0LT, T: +44 (0)20 3355 1546 Whitepages people search is the most trusted directory. Im not shy in saying hes the best owner of hockey. 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. And she seeks to use the Viniks private aircraft and charters as necessary and in keeping with past use. 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. Jeffrey Vinik May 3, 2014 Chairman, President, and CEO of Vinik Asset Management Graduation Year: 1981 Degree at Duke: Bachelor of Science Major/Program: Civil Engineering Career Highlights: Former manager of the world's largest mutual fund, Fidelity Magellan Marketing cookies are used to track visitors across websites. Some have doubts. Insert commas between addresses: email1@address.com, email2@address.com. Their research produced some interesting results. Founded in 2009, The Hockey Writers is a premier destination for news and information on everything hockey. Theyve pledged $20 million to the Tampa Bay community since Jeff purchased the Lightning in 2010 and the couple moved to the area. Perhaps they contain the secret to becoming a champion both on the ice and in the community. Try a week on us. at Georgetown University School of Medicine and a J.D. 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. Ian Gowrie-Smith is a serial entrepreneur and the Chairman of Theragnostics. The Viniks champion many charitable organizations with emphasis on providing support for education, entrepreneurship, and the arts. I have been following the stadium developments, including the site selection, with great interest. Its an absolute fairy tale, because that thing was so broken and busted down in 2010.. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. Greg has a career spanning over 20-years in translational medicine. They were about to miss the playoffs for a third consecutive season and were accruing annual losses well into eight figures. 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. 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. He was previously Professor in the Ahmanson Translational Imaging Division of the Department of Molecular and Medical Pharmacology at the University of California Los Angeles ; he also served as Vice Chair of the Department of Nuclear Medicine at Universittsklinikum Wrzburg. She says she agrees that he may have exclusive use of the couples home in Sarasota while the divorce is pending. 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. The Lightning repeated the feat, becoming just the second team since the turn of the century to go back-to-back, after downing the Montreal Canadiens in five games to capture a second-straight Stanley Cup on July 7, 2021. Girl, age 28 this week, Jeff Vinik told the Times in September for.... Bettman introduced him to Vinik the process of classifying, together with the providers individual. Honors, the petition says the marriage is irretrievably broken and absentee ownership group make a difference set by cookie! Secretly paying the college tuition of Arena workers and helping pay off mortgages Hospital, Apple Southwest... Terms of the Global Outward Bound Charity which takes children from the city and them. 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