Jeff having confidence in his organization, we can use that. 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 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. If theres anything Ive learned over the last 12 years, I think Im pretty good at hiring people.. Baden is a co-founding Director of Theragnostics, and brings to the company his experience in developing and financing SMEs. Before each hockey season, Leonsis sends Vinik an email that says: I want to win the Stanley Cup. 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. 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. And Steve did his magic., Before each hockey season, Leonsis sends Vinik an email that says: I want to win the Stanley Cup. 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 Leiweke. They owned a losing franchise, both on and off the ice, they were disconnected from their fan base and they needed a way out. Before purchasing the Lightning in February 2010, the New Jersey native attended Harvard Business School where he obtained an MBA before joining Fidelity Investments. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Michael Russo is a senior writer covering the Minnesota Wild and the National Hockey League for The Athletic. Vinik is widely known for investing in emerging technologies and innovative companies throughout Tampa Bay. Hes a really genuine guy, a huge hockey fan and you see that in any interaction you have with him.. And Id say the same thing about the general manager. A $50,000 grant is given out at each home game to the community heros charity of choice. Tampa Bay Lightning owner, and most recent Stanley Cup champion, Jeff Vinik is the exception to the rule. All NHL logos and marks and NHL team logos and marks as well as all other proprietary materials depicted herein are the property of the NHL and the respective NHL teams and may not be reproduced without the prior written consent of NHL Enterprises, L.P. Perhaps they contain the secret to becoming a champion both on the ice and in the community. In Fall 2018, VFF will loan Yayoi Kusama's Infinity Room LOVE IS CALLINGto the Tampa Museum of Art. 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. Necessary cookies are absolutely essential for the website to function properly. 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. This site uses different types of cookies. 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. 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. 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. The cookies is used to store the user consent for the cookies in the category "Necessary". The parties enjoy a very high standard of living which should be maintained without interruption on a temporary basis.. 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. Griggs also directed strategic sales and marketing efforts for the new Amway Center, which opened in October 2010. 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. It just had gone on sabbatical. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 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. He sunk $40 million of his own money into a county-owned arena with no recourse. E: hello@theragnostics.com, US Office Theragnostics Inc 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. Vinik and Virgo, who had each led previously funding rounds for Peerfit, were joined by other existing shareholders in the latest round, said Ed Thunderstruck: Celebrate the Tampa Bay Lightnings one-of-a-kind championship season with this hardcover collectors book. Please provide a valid email address. In the end, the Lightning and the city of Tampa hit the ownership jackpot. Some have doubts. Ian Gowrie-Smith is a serial entrepreneur and the Chairman of Theragnostics. Before coming to Tampa Bay, Griggs spent nearly three years serving as executive vice president of sales and marketing for the Orlando Magic. The Tampa Bay Sports Store at Amalie Arena features a selection of Tampa Bay Lightning t-shirts, jerseys, autographed memorabilia and more! Jeff is a very modest, humble guy, but deep down, he knows hes built the best of the best right now. He also oversaw the introduction of the Lightning and AMALIE Arena's new Cur(ate) TPA initiative, bringing to life a focus to deliver fans and arena guests the very best in fresh, local food and beverage options, while also concentrating on variety, value, service and sustainability. 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. Griggs first joined the organization as COO on August 31, 2010. Julien and I talk probably once every week to two weeks and he just updates me on whats going on. 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. Tod is so good at building a championship brand. Koules and Barrie bought the team in 2008, but Barrie ran into legal problems, was not getting along with Koules and the two didnt have the means to make it work long-term as owners during a turbulent time in the economy. There are stories of him secretly paying the college tuition of arena workers and helping pay off mortgages. Jeffrey Vinik's career as an investment guru has had more twists and turns than San Francisco's famed Lombard Street. I got to Florida and it felt like we were in a mild depression. But I got a lot going on, Vinik continues with a big laugh. I left Seattle, and it felt like we were in a mild recession. He needed a new challenge and he wanted to make a difference. He has extensive product and clinical development experience across a range of small molecule and biological products. A court document search Tuesday evening showed the case remained open, but sources familiar with the case said Penny Vinik voluntarily dismissed the case on Tuesday. The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. And we ended up with a good hockey team, which doesnt hurt either.. Some have doubts. That filing referred to the marriage as irretrievably broken. 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. Updated hourly, with analysis, commentary and features from hundreds writers worldwide, our articles are read over 5 million times every month. There are probably a few owners who would be well served to study the notes Vinik took back in 2008. Jeff Vinik owns the Tampa Bay Lightning and is the leading developer behind the Water Street Tampa project. Ian has also invested in the mining, oil and gas sectors, with exploration and production activities in Vietnam, Papua New Guinea and Zambia. Subscribe to our free Tampa Times newsletter. While Vinik was enjoying success in the financial industry, the Lightning franchise was flirting with bankruptcy and potential relocation. 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. Ian champions many charitable organizations with emphasis on providing support for education and the environment. We had the best regular season in 20 years. Mainly, we talk budgets. 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. I think that is the heart of Jeffs success, and its not easy to do in our world, Chipman says. The donation of an acre of downtown land for the new USF Health Morsani College of Medicine and Heart Institute. The Viniks have four children, Danny, Jared, Kyra and Joshua, none of whom are minors. These cookies track visitors across websites and collect information to provide customized ads. The older three children are in their 20s. Under the Cur(ate) TPA umbrella, Griggs oversaw the design and opening of the new Cigar City Brewing Taproom on Ford Thunder Alley. The Viniks have been one of the areas most active philanthropists. She says she agrees that he may have exclusive use of the couples home in Sarasota while the divorce is pending. I didnt have the foresight that he had and didnt have the funds to survive those first three or four years. These cookies ensure basic functionalities and security features of the website, anonymously. 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. Penny Vinik also serves as vice chairwoman on the museums governing board of trustees. I couldnt be prouder with what hes done to the organization. Theyve been doing this since 2011. Jeff Vinik bought the Lightning. If she has not withdrawn the petition by Sept. 24, the divorce litigation will resume. 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. Ian is a Trustee of the Global Outward Bound Charity which takes children from the city and places them in challenging outdoor environments. Founded in 2009, The Hockey Writers is a premier destination for news and information on everything hockey. But Vinik wasnt overcome with regret or fear. He served on the board of directors for Liverpool Football Club of the Premier League from 20102013. 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. 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. 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). WebVinik Family Foundation (VFF) is a private foundation created and managed by Jeff and Penny Vinik. WebView phone numbers, addresses, public records, background check reports and possible arrest records for Jeffrey Vinik. Hes definitely not an owner thats in the locker room ever, Killorn says. 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). Griggs' name is engraved twice on the Stanley Cup to memorialize those achievements. 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. 1 Sans Walk, London EC1R 0LT, T: +44 (0)20 3355 1546 On February 7, 2020, Griggs led the charge on the new naming rights of the Lightning's practice facility, TGH Ice Plex. The new Cigar City Brewing Taproom opened during the 2019-20 season and represented new food and beverage options for AMALIE Arena guests for event and select non-event days. 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. They needed Steve Yzerman. What Jeff is doing and what he set out to do from Day 1, on and off the ice, has been second to none. This cookie is set by GDPR Cookie Consent plugin. "Therefore, the wife seeks temporary alimony. They established the Lightning Community Hero program in 2011 to provide funding and recognition to those improving the lives of individuals most in need. 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. Unbridled success, yet his fellow NHL owners dont root against him because of the man he is. These conversations lead to a three-hour meeting with NHL commissioner Gary Bettman in New York. Analytical cookies are used to understand how visitors interact with the website. Its an absolute fairy tale, because that thing was so broken and busted down in 2010.. He is widely considered a model owner sitting on the throne of the NHLs model franchise. Fire the coach. 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. Vinik had toyed with buying the Dallas Stars and even the cross-state Florida Panthers. 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. Marketing cookies are used to track visitors across websites. Sperling became interim CEO until Leiweke officially signed on after he couldnt believe Vinik landed Yzerman as GM. Red tide is back (again) in Pinellas County. 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. $5 million to the endowment at the Tampa Museum of Art to support the position of executive director. More than $5 million to USFs Muma College of Business, which named its sport and entertainment management program for the Viniks. 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. 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. It was a lot of heartbreak, but were we really going to fire Jon Cooper? Enter Search Term. Im very lucky, the unassuming, unintimidating, very friendly Vinik says. We are reconciling very well, and I am extremely optimistic that we will have a positive resolution to some of the challenges that weve had.. 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. The website cannot function properly without these cookies. Times staff writer John Martin contributed to this report. And we just had a disastrous playoff. In between, we missed the playoffs. He didnt abandon his principles.. 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. 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. Hes an unbelievable owner. LinkedIn sets this cookie to remember a user's language setting. $20.1 million through the Lightnings Community Heroes program, which since 2011 has made $50,000 grants to nonprofits at each of the teams home and playoff games. More recently, Vinik purchased local newspaper ads, radio ads, and billboards to promote resources available for local residents affected by unemployment, small business struggles and food shortages due to COVID-19. tampabaylightning.com is the official Web site of the Tampa Bay Lightning. This website uses cookies to improve your experience while you navigate through the website. 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. Jeffrey Fisher, the divorce attorney representing Penny Vinik, did not respond to a request for comment. 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. In 2021 he became a two-time Stanley Cup Champion after the Lightning captured back-to-back titles. 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. The Jeff and Penny Vinik Foundation has donated $50,000 to a local community hero at every home game. The family moved to Tampa a couple of years after Jeff Vinik bought the Lightning in 2010 for an estimated $110 million. Viniks mantra: Hire good people, then dont interfere. That wasnt hard. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". But if we cant, I hope its you.. When they had an off year or disappointing playoff, they didnt panic. 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. 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. But Vinik vowed to make the Lightning a first-class organization and rescue a brand that was in the gutter. WebAbout. Mr. Vinik serves as Chairman, Chief Investment Officer and Chief Executive Officer of the Vinik Asset Management (the Management Company). 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. Greg Mullen is the Chief Executive Officer of Theragnostics Limited and President of Theragnostics Inc. Greg is a founding member of Theragnostics since its formation in 2015. Theyve pledged $20 million to the Tampa Bay community since Jeff purchased the Lightning in 2010 and the couple moved to the area. Under Griggs' guidance, the Lightning were ranked No. In mid-2009, former Lightning owners Oren Koules (a Hollywood executive) and Len Barrie (former NHLer) had come to grips with reality. Ian is a Trustee of the Global Outward Bound Charity which takes children from the city and places them in challenging outdoor environments. 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. Florida was among the states hardest hit. This program alone has surpassed the $20 million mark. 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. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Together, they have been one of the areas leading philanthropic families. There was almost nothing for fans to do in the barren surrounding area of downtown Tampa. Ian is best known for having founded and chaired two billion-dollar companies in the pharmaceutical sector, Medeva PLC and Skyepharma PLC. 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. After some deep thought, and a few glasses of wine, he targeted professional sports as his next pursuit. In the past decade, Jeff and Penny Vinik have established themselves as one of the regions most generous and wide-ranging philanthropic families. Theyve given $1 million to Metropolitan Ministries for food and rent assistance and nearly $1 million more to civic relief funds in Tampa and St. Petersburg, help for University of South Florida students, an aid awareness campaign and a fund for Lightning employees. 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. 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 shine of the 2004 Stanley Cup championship had worn off and fans had grown frustrated with the teams performance and absentee ownership group. WebVerified contact information for Jeff Vinik - Chairman & Governor, Tampa Bay Lightning Hockey Club including email address, phone number and personality insights that will Look at the little bit of pain and look at all the gain that hes gotten since then.. The guy in the middle of it all was Jeff, Leiweke says. 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 We lost in the Cup final in 2015. Penny Vinik is the chair of a community arts initiative which is enabling Tampa Bay-based artists to display their works throughout AMALIE Arena. 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. Hockey in Tampa goes back a lot before me, Vinik says of an organization that came into existence in 1992, was one of the losingest clubs in all of hockey in the 90s but won the Stanley Cup in 2004. 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. Ian focuses on investing in private sector opportunities and taking them to the public markets. 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. 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 last coach to beat Tampa Bay in a playoff series John Tortorella can see it. And, building a winning franchise is also a recipe for success off the ice, especially in U.S. markets. Just in the Everglades.. Vinik has become a civic leader, providing the city with his time and money which has been reciprocated by the community. 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. It wasnt just getting swept in 2019, Vinik says. Baden co-founded and remains a Director of the UKs largest biomethane transport infrastructure company, CNG Fuels, which was founded in 2014. That series loss would have led to Coopers departure from many organizations. He believed in people, in the market, and has this way to create loyalty back to himself by treating people well. 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. His fellow NHL owners dont root against him because of the UKs largest transport... The community heros Charity of choice himself by treating people well none of whom are minors Martin contributed this. But were we really going to fire Jon Cooper records, background reports... 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