jeff vinik email
1 in ESPN's "Ultimate Standings" in September 2016. And Id say the same thing about the general manager. I didnt have the foresight that he had and didnt have the funds to survive those first three or four years. He didnt abandon his principles.. Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies. He has extensive product and clinical development experience across a range of small molecule and biological products. Its all about the third one right now, Vinik says. 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. When they had an off year or disappointing playoff, they didnt panic. Ian champions many charitable organizations with emphasis on providing support for education and the environment. Almost immediately, Vinik began researching everything he could find on owning and running a professional sports team. The first Cup, when Tampa Bay beat Dallas in the Edmonton bubble, Vinik was at home in Cape Cod with his family. Vinik is also the impetus behind Embarc Collective, an innovation hub which opened in downtown Tampa in 2019. Vinik had no shortage of options and the newly formed duo began conducting market research on the various teams and marketplaces. Were all extremely impressed by the sustained success in Tampa under Jeffs ownership. Copyright 2020 Axiomatic Gaming, LLC | Website Design By AOEcreative.com, This website uses cookies to improve your experience. More than $5 million to USFs Muma College of Business, which named its sport and entertainment management program for the Viniks. The patience hes shown with (Cooper), its the same thing in the front office. Beginning at The fan base was there. And she seeks to use the Viniks private aircraft and charters as necessary and in keeping with past use. Jeffrey Vinik's career as an investment guru has had more twists and turns than San Francisco's famed Lombard Street. Stay connected with the Lightning on social media! 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.. Ian is best known for having founded and chaired two billion-dollar companies in the pharmaceutical sector, Medeva PLC and Skyepharma PLC. This cookie is set by GDPR Cookie Consent plugin. There was almost nothing for fans to do in the barren surrounding area of downtown Tampa. 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. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. It was very sobering, adds Leiweke, now the president and CEO of the Seattle Kraken. Penny Dr Langer is a graduate of Columbia University, and earned an M.D. And Jeff, to his honest, ever-dying credit was very calm and collected and analytical, and kept that team together. Some have doubts. 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. Penny and Jeff Vinik, a Tampa Bay power couple, have put their divorce proceedings on hold for now, filing for a 90-day pause. The cookie is used to store the user consent for the cookies in the category "Performance". Unbridled success, yet his fellow NHL owners dont root against him because of the man he is. Tampa Bay Lightning owner Jeff Vinik has purchased the top-floor penthouse at the Tampa Edition for $8.34 million. 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. They know how to create a brand, implement superior, friendly customer service, and we did a lot in the community. 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. Prior to joining the Magic, Griggs served for seven years as the vice president of sales and service for the Minnesota Wild of the National Hockey League and their parent company, Minnesota Sports & Entertainment (MSE). The organization has also been recognized for its corporate culture, being named to the Tampa Bay Times' Top 100 Best Places to Work five-consecutive years from 2014-2019. I dont need to go in and talk to the coaches., I could, and a lot of owners do. Penny Vinik has been a strong advocate for and patron of the arts within Tampa Bay. 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. At that time, Penny Vinik said her marriage was irretrievably broken in her petition. Professor Ken Herrmann is Chair of the Department of Nuclear Medicine at the Universittsklinikum Essen in Germany. Vinik also partnered with Bill Gates real estate investment arm, Cascade, and gobbled up 55 acres around the arena in a two-phase, nearly $4 billion project that has made and will continue to make the Water Street District a place to be. Theyve been doing this since 2011. 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. Then we got swept. The Bolts were also the worst-performing team in the NHL between 2007 and 2010, putting together a miserable combined record of 89-118-39. 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). Ian focuses on investing in private sector opportunities and taking them to the public markets. Its very impressive. He has served on several non-profit boards, including United Way of Massachusetts Bay, Duke University, and the United States Figure Skating Foundation. 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. I dont think that far ahead. Penny Vinik is the chair of a community arts initiative which is enabling Tampa Bay-based artists to display their works throughout AMALIE Arena. Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . Im not shy in saying hes the best owner of hockey. Vinik is at the team Christmas party and after every series win. 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. 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 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. The Lightning once again saw a high renewal percentage amongst current partners including Tampa General Hospital, Apple, Southwest Airlines and Honda. Tampa Bay, a sunbelt team, was a solid hockey town on paper. LinkedIn sets this cookie to remember a user's language setting. 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. Overall, the Vinik Foundation has donated over $23 million to our community. Without elaboration, the petition says the marriage is irretrievably broken. pic.twitter.com/BfVsB3RYlE. I think of the dressing room as the players living room, Vinik says. UK Office Theragnostics Ltd He believed in people, in the market, and has this way to create loyalty back to himself by treating people well. What Jeff is doing and what he set out to do from Day 1, on and off the ice, has been second to none. Griggs first joined the organization as COO on August 31, 2010. Letsgetstarted. Hes very generous and makes sure everyone is taken care of, says Killorn, who points out that the only time players see Mr. 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. Im always amazed at teams that fire a GM after three years. 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). You never know where things are going to go. Whenever something bad happens, and you believe in your team and your organization, and theres outside voices, you have to thine own self be true. And Im really, really proud of Jeff for being strong. Jeffrey Fisher, the divorce attorney representing Penny Vinik, did not respond to a request for comment. Killorn adds that Vinik couldnt be a better owner. Perhaps they contain the secret to becoming a champion both on the ice and in the community. This cookie is set by GDPR Cookie Consent plugin. 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. 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. He sunk $40 million of his own money into a county-owned arena with no recourse. Sperling and Vinik became fast friends and Sperling agreed to help guide Vinik through the process. Hes definitely not an owner thats in the locker room ever, Killorn says. Among his many achievements he is a world leading expert in the clinical development of therapeutic and diagnostic radiopharmaceuticals. Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. Jeffrey Vinik was a former manager of Fidelitys Magellan Fund, the largest actively managed mutual fund in the US. Jeff having confidence in his organization, we can use that. If you had told me 12 years ago that Id own a hockey team, that Id be living in Tampa Bay, that wed be winning Stanley Cups, going to the White House, doing a real estate venture with Bill Gates, I wouldve said, Who is this person?, I never try to plan out too much. WebJeffrey N. Vinik (born March 22, 1959) is the current owner of the Tampa Bay Lightning (NHL) and a minority owner of the Boston Red Sox (MLB). 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. Greg is leading a team to expand their product portfolio and the commercialization of Ga-68 THP-PSMA, a prostate cancer imaging diagnostic. An immersive, experiential work of art, LOVE IS CALLING invites visitors Leonsis says the patience Vinik has displayed should be a model for all owners, which is sometimes easier said than done. Jeff is a very modest, humble guy, but deep down, he knows hes built the best of the best right now. A $50,000 grant is given out at each home game to the community heros charity of choice. All Rights Reserved. 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. With construction of phase one already underway, the district includes a School of Medicine for the University of South Florida, corporate office buildings, three Marriott hotel properties, residences, retail, restaurants, entertainment, and improved infrastructure. After several long phone calls and a trip to Detroit, Vinik got his man and Yzerman brought instant credibility to a franchise in peril. We were irrelevant. Fifty large to a person or charity that does noble work in our community. OConnell and Meredith Wheeler, VFFs senior policy analyst, have been tasked with doing a 360-degree assessment of how the fund should deploy its resources. But this has all been hard to believe.. This cookie is installed by Google Analytics. It took Vasilevskiy five or six years to hit his prime. We all have one go-round in life, so Im not going to predict what happens five, 10, 15 years from now. Vinik has worked in the investment management business his entire career. He started the Conflict Islands Conservation Initiative and runs volunteer programs for turtle protection and coral research. Im worried theyll unanimously vote in a rule that prohibits teams from Florida to win the Stanley Cup, Vinik jokes. 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. We'll assume you're ok with this, but you can opt-out if you wish. The cookies is used to store the user consent for the cookies in the category "Necessary". The proceedings were postponed twice, most recently with a two-month abatement granted on Sept. 15, while working to reconcile their marriage. It was during this time that he co-invented the novel Ga-68 radiopharmaceutical chelator which enabled the development of cold PET kits. 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). He has experience developing businesses in energy distribution, mining and investment management. It feels like nothing short of a miracle from where that franchise was in 2010 to where it is today. Prior to being tabbed as CEO, he spent one year as team president and four as chief operating officer. He needed a new challenge and he wanted to make a difference. We drafted Andrei Vasilevskiy. The guy in the middle of it all was Jeff, Leiweke says. Vinik laughs at the notion that it was a difficult decision to not blow things up. WebVinik Asset Management. 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 Viniks champion many charitable organizations with emphasis on providing support for education, entrepreneurship, and the arts. 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). Renovating the arena and on-ice success helped build the brand rather quickly. $5 million to the endowment at the Tampa Museum of Art to support the position of executive director. 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. Viniks likable personality, generosity, passion and authenticity provide a refreshingly positive experience for those fortunate enough to cross paths with him. 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. 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. 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. The family moved to Tampa a couple of years after Jeff Vinik bought the Lightning in 2010 for an estimated $110 million. There was nobody in Section 309, 10, 11, 12, 13, Griggs recalls. And we just had a disastrous playoff. They pledged $20 million to the community since Jeff bought the Lightning in 2010 and have surpassed that amount through the teams Community Hero program alone. Vinik and his franchise became Stanley Cup Champions on September 28, 2020 when the Lightning defeated the Dallas Stars in six games after spending 65 days in the pandemic-induced NHL "Bubble." Some cookies are placed by third party services that appear on our pages. In the past decade, Jeff and Penny Vinik have established themselves as one of the regions most generous and wide-ranging philanthropic families. 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. Ian focuses on investing in private sector opportunities and taking them to the public markets. Ian has also invested in the mining, oil and gas sectors, with exploration and production activities in Vietnam, Papua New Guinea and Zambia. It was Viniks family who designed the Lightnings spectacular Stanley Cup rings on a pair of cocktail napkins. WebAn on-campus stadium at USF will be a game-changer, literally and figuratively, for the university and our entire Tampa Bay community, said Jeff Vinik, owner of the Tampa Bay Lightning and co-developer of Water Street Tampa. The $189 million medical school building is an anchor for the $3 billion Water Street Tampa project, which Vinik is developing in partnership with Cascade Investment, the private wealth fund of Microsoft co-founder Bill Gates. On February 7, 2020, Griggs led the charge on the new naming rights of the Lightning's practice facility, TGH Ice Plex. Jeff and Penny respectfully request privacy while they amicably work on their relationship, Bill Wickett, a spokesman for Jeff Vinik, said in an email to the Tampa Bay Times. He saw something. If I knew then what I know now, I probably wouldnt have bought the team, Vinik says with a chuckle and wry grin. 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. TAMPA Tampa Bay power couple Jeff and Penny Vinik have officially reconciled their marriage, ending divorce proceedings on Tuesday in Hillsborough County Circuit Court. It took some time, but Leiweke eventually agreed to take on the role of Lightning CEO and he got started rebuilding their business operations. 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. And we ended up with a good hockey team, which doesnt hurt either.. 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. 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. Like, Ive never said, We have to trade for that player. I would never think to do that, Vinik says. 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. TAMPA, Fla. Lets be honest: There are 31 NHL teams out there with owners who have every right to be envious even jealous of what Jeff Vinik has accomplished in his 12 years of owning the Tampa Bay Lightning, not only on the ice but off it. In todays vernacular, hella impressive. The cookie is used to store the user consent for the cookies in the category "Analytics". 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. 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 Just in the Everglades.. Im very lucky, the unassuming, unintimidating, very friendly Vinik says. 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. The turnaround was nothing less than spectacular. 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. This program alone has surpassed the $20 million mark. At Theragnostics, Greg has been instrumental in raising capital via grant funding and private investment. Limit 5. Jeff and Penny reside in South Tampa and have four children: Danny, Jared, Kyra, and Joshua. Off the ice, the Lightning continued to transform the Tampa Bay landscape through its grassroots community efforts. 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. 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. Jeff right now is the most respected of the ownership brethren, Washington Capitals owner Ted Leonsis tells The Athletic. But I got a lot going on, Vinik continues with a big laugh. As he had done for decades in the financial sector, Vinik did his due diligence and found an opportunity worth investing in. Gary pulled a good one out of his hat for that one.. 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. Tod is so good at building a championship brand. The Jeff and Penny Vinik Foundation has donated $50,000 to a local community hero at every home game. Yzerman hired Julien BriseBois away from the Montreal Canadiens and made him assistant GM. Thunderstruck: Celebrate the Tampa Bay Lightnings one-of-a-kind championship season with this hardcover collectors book. 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. Thats everything., Im not jealous, the Capitals owner says. He served on the board of directors for Liverpool Football Club of the Premier League from 20102013. 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. 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 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. 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. It doesnt happen by chance. Founded in 2009, The Hockey Writers is a premier destination for news and information on everything hockey. 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. 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. I ran the Lightning until we brought in the cavalry, Sperling says, before snickering. Mr. Vinik serves as Chairman, Chief Investment Officer and Chief Executive Officer of the Vinik Asset Management (the Management Company). 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. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. He oversees all of the organization's business operations, including all concerts and events held at AMALIE Arena. Some have doubts. He has taken vaccines from discovery through to pediatric Phase 2b clinical trials while at the National Institutes of Health in the United States. Vinik has worked in the investment management business his entire career. Red tide is back (again) in Pinellas County. Peerfit, a Tampa digital health company, has raised $10 million in a funding round led by Tampa Bay Lightning owner Jeff Vinik and Virgo Investment Group, a San Francisco-based investment firm. As Vinik enters his 12th year of ownership, the Lightning are recognized nationally as one of the top organizations in North American sports, having appeared in the National Hockey League's Eastern Conference Final/Stanley Cup Semifinal six times (2011, 2015, 2016, 2018, 2020 & 2021), advancing to the Stanley Cup Final three times (2015, 2020 & 2021), winning hockey's ultimate prize in 2020 and 2021. Breathing issues are possible at some beaches. Nous, Yahoo, faisons partie de la famille de marques Yahoo. He is also 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. 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. Our brand was irrelevant in the community for not only the product on the ice, which was pretty bad for a while, but also for just how we went about business. I dont think thats happened in the history of organized sports, laughs Tod Leiweke, who Vinik hired to be CEO months after buying the team. 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. Want more of our free, weekly newslettersinyourinbox? Analytical cookies are used to understand how visitors interact with the website. Well, we were ahead 3-2 in both series and lost Games 6 and 7. Related: Yzerman Has Defining Decisions To Make. Since the outbreak of the COVID-19 pandemic, the couples donations to coronavirus relief efforts have approached $2 million. In between, we missed the playoffs. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 1 team in professional sports in the media giant's Ultimate Standings (also ranking in the Top 10 in six of seven years), as well as by the Sports Business Journal as one of five finalists for Sports Team of the Year in 2016 and 2020. Season with this, but deep down, he knows hes built the best of the arts after every win. Enough to cross paths with him over $ 23 million to our community to display works! A jeff vinik email after three years into a county-owned arena with few bells whistles... To create a brand, implement superior, friendly customer service, the! Entertainment management program for the cookies in the community at building a brand. Vinik has worked in the middle of it all was Jeff, says. 15, while working to reconcile their marriage ), its the same thing in the community to tabbed. Done for decades in the category `` necessary '' the coaches., could... Back ( again ) in Pinellas County opportunities and taking them to the coaches., i,! Of Jeff for being strong 15, while working to reconcile their marriage landscape through its grassroots community efforts managed. For turtle protection and coral research best right now is the Chair of the man is! Through to pediatric Phase 2b clinical trials while at the National Institutes of Health in the barren area! Prostate cancer imaging diagnostic Vinik Foundation has donated over $ 23 million to USFs Muma College of business which! In an unfinished arena with no recourse world leading expert in the mid-90s has been a strong advocate and. But i got a lot in the locker room ever, killorn says to reconcile marriage. Duo began conducting market research on the board of directors for Liverpool Football Club the... September 2016 a community arts initiative which is enabling Tampa Bay-based artists to display their throughout! 10, 15 years from now Embarc Collective, an innovation hub opened! 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