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. Almost immediately, Vinik began researching everything he could find on owning and running a professional sports team. Beginning at Fidelity Investments he went on to helm the Magellan Fund before leaving to establish his own firm, Vinik Asset Management, a long-short equities hedge fund. He previously served as CEO of Neose Technologies, Inc.; was President of Dr Reddys North American business; and was Senior Vice President of Research and Development at GlaxoSmithKline plc. Hes an unbelievable owner. We extended the abatement another two months this week, Jeff Vinik told the Times in September. I left Seattle, and it felt like we were in a mild recession. The older three children are in their 20s. 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'. 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. Griggs' name is engraved twice on the Stanley Cup to memorialize those achievements. The Lightning enjoyed 234-consecutive sellout crowds at AMALIE Arena from 2015-2020, a streak that was halted only by the COVID-19 pandemic. It was bleak there for a while, Vinik says. The Bolts' 128 regular season points in 2018-19 were the fourth most all-time in League history and the most in the NHL by 21 points over second-place finishers Calgary and Boston, allowing Tampa Bay to capture its first-ever Presidents' Trophy. He didnt abandon his principles.. I dont think that far ahead. New Bucs offensive coordinator Dave Canales staff nearly set, As Tampa Bay sales grow, sport bike maker Ducati plans giant dealership. Contact Eduardo A. Encina at eencina@tampabay.com. This site uses different types of cookies. The Viniks have been one of the areas most active philanthropists. 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. It was Viniks family who designed the Lightnings spectacular Stanley Cup rings on a pair of cocktail napkins. It was during this time that he co-invented the novel Ga-68 radiopharmaceutical chelator which enabled the development of cold PET kits. In August of 2018, the Viniks helped cut the ribbon on the $2.5 million Jeff and Penny Vinik Family Winston Park Boys and Girls Club in east Tampa. Analytical cookies are used to understand how visitors interact with the website. The cookie is used to store the user consent for the cookies in the category "Other. Since the outbreak of the COVID-19 pandemic, the couples donations to coronavirus relief efforts have approached $2 million. Some cookies are placed by third party services that appear on our pages. Off the ice, the Lightning continued to transform the Tampa Bay landscape through its grassroots community efforts. Necessary cookies are absolutely essential for the website to function properly. Vinik had no shortage of options and the newly formed duo began conducting market research on the various teams and marketplaces. 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. Fifty large to a person or charity that does noble work in our community. 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. They owned a losing franchise, both on and off the ice, they were disconnected from their fan base and they needed a way out. The last coach to beat Tampa Bay in a playoff series John Tortorella can see it. 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. Yuengling & Son, America's Oldest Brewery, who has maintained a facility near the university since 1999. Read More, In case of sale of your personal information, you may opt out by using the link Do Not Sell My Personal Information. They established the Lightning Community Hero program in 2011 to provide funding and recognition to those improving the lives of individuals most in need. Before each hockey season, Leonsis sends Vinik an email that says: I want to win the Stanley Cup. 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. Theyve also given more than $5 million to USFs Muma College of Business, which named its sports and entertainment management program for the Viniks. You will be hard-pressed to find anyone who is not happy for the 61-year-olds first Cup victory (save the 30 other NHL owners). 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. Thats really dire. After growing up in New Jersey and attending high school at Riverdale Country School in New York City, Vinik graduated from Duke University (1981) with a Bachelor of Science degree in Engineering and Economics. That is the goal, for our team, for our fans and for our community, says Katz, the Oilers owner. New Bucs offensive coordinator Dave Canales staff nearly set, As Tampa Bay sales grow, sport bike maker Ducati plans giant dealership. Slectionnez Grer les paramtres pour grer vos prfrences. And we just had a disastrous playoff. WebJeff Vinik: Chairman and Governor Jeff Vinik purchased the Tampa Bay Lightning on March 3, 2010, promising a comprehensive transformation of the franchise while pledging These cookies track visitors across websites and collect information to provide customized ads. This cookie is set by GDPR Cookie Consent plugin. Hes just taken it to such a different level. It took Vasilevskiy five or six years to hit his prime. Penny Vinik seeks divorce from Lightning owner Jeff Vinik, Lightning broadcaster Rick Peckham to receive Foster Hewitt Memorial Award. Vinik is no stranger to investments. A large portion of the population had an affinity for a game usually reserved for northern US states and Canadian provinces. But patience is really important.. On February 7, 2020, Griggs led the charge on the new naming rights of the Lightning's practice facility, TGH Ice Plex. 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. Jeff Vinik joined aXiomatic in June 2017 as an investor and Co-Executive Chairman. He had already built a fortune through his wildly successful multi-billion dollar hedge fund and could easily fly into retirement on his private jet, but there was something missing. 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. Sperling and Vinik became fast friends and Sperling agreed to help guide Vinik through the process. 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. If she has not withdrawn the petition by Sept. 24, the divorce litigation will resume. Red tide is back (again) in Pinellas County. Previously, had been manager of large equities hedge fund. 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. 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. These cookies will be stored in your browser only with your consent. 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. Killorn adds that Vinik couldnt be a better owner. 150 Grossman Drive #306, Braintree, MA 02184, T: +1 617 286 7479 at Harvard Law School. Its a nice building. He jumped in with both feet, and relocated his family from Boston to the Sunshine State so that they could be entwined into the fabric of the community. 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. No doubt, 31 other owners have every right to be envious even jealous. Their research produced some interesting results. 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. Leiweke brought with him Steve Griggs from the Orlando Magic after they worked together with the Minnesota Wild. 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. After phase one of his plan was complete, the newest member of the NHL owners club had to get to work and quickly. 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The cookie is used to store the user consent for the cookies in the category "Performance". The Official Site of the Tampa Bay Lightning. 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 Fire everybody, Leonsis says. WebVinik Asset Management. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Viniks likable personality, generosity, passion and authenticity provide a refreshingly positive experience for those fortunate enough to cross paths with him. I think of the dressing room as the players living room, Vinik says. Thats my job, my hobby. Theyve been doing this since 2011. Since 2015, the Lightning, in conjunction with the NHL and the NHL Players Association, have invested more than $6 million to grow the game of hockey and teach life skills to youth throughout the Tampa Bay community. Ian Gowrie-Smith was born in Australia and educated at Geelong Grammar and Melbourne University. Tampa Bay Lightning owner, and most recent Stanley Cup champion, Jeff Vinik is the exception to the rule. Penny Vinik has been a strong advocate for and patron of the arts within Tampa Bay. WebAbout. Get in touch with us and send some basic info about your project. Congrats Erin Addio of the 1Voice Foundation for being named the Lightning Community Hero tonight! The proceedings were postponed twice, most recently with a two-month abatement granted on Sept. 15, while working to reconcile their marriage. The Viniks champion many charitable organizations with emphasis on providing support for education, entrepreneurship, and the arts. 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. Julien says this about Cooper: Theres no reason that a coach has to have a shelf life. Often that is the case for a lot of reasons that we know, but it doesnt have to be that way. Jeff began his career in the investment management business with Fidelity Investments in 1986. I was glad when the cavalry arrived. 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. We lost in the Cup final in 2015. Top prospect Taj Bradley, Rays take on Red Sox today, Rays Tyler Glasnow sustains oblique injury during practice, Lightnings defensive lapses lead to rout by Penguins, Selection to Lightning Hall of Fames inaugural class very, very special for Phil Esposito, St. Petersburg, Tampa Bay Rays to discuss these 9 topics about Tropicana Field. Professional sports team our pages Sept. 24, the divorce litigation will resume experience for those fortunate enough jeff vinik email paths. To get to work and quickly `` other the goal, for our community, says Katz, the continued!, Lightning broadcaster Rick Peckham to receive Foster Hewitt Memorial Award at Harvard School! A different level the ice, the newest member of the arts within Tampa Bay landscape through grassroots... A lot of reasons that we know, but it doesnt have to be that way 2.. Jeff began his career in the category `` Performance '' tide is (... 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