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. 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. 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. Griggs continues to play a significant role in the vast improvements being made each year to AMALIE Arena. The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. Jeff helped solve an issue for Gary in a big way because it went from a problem for the league to quite a success. 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. Their research produced some interesting results. Its very impressive. 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. On February 7, 2020, Griggs led the charge on the new naming rights of the Lightning's practice facility, TGH Ice Plex. 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. If she has not withdrawn the petition by Sept. 24, the divorce litigation will resume. 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. Fire everybody, Leonsis says. But patience is really important.. 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. 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 Under the Cur(ate) TPA umbrella, Griggs oversaw the design and opening of the new Cigar City Brewing Taproom on Ford Thunder Alley. 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. Analytics cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously. Among his many achievements he is a world leading expert in the clinical development of therapeutic and diagnostic radiopharmaceuticals. Sperling and Vinik became fast friends and Sperling agreed to help guide Vinik through the process. In 1996, he left Fidelity to establish his own firm, Vinik Asset Management, a long-short equities hedge fund based in Boston where he grew assets under management from $800 million to $10 billion. The patience hes shown with (Cooper), its the same thing in the front office. Greg is leading a team to expand their product portfolio and the commercialization of Ga-68 THP-PSMA, a prostate cancer imaging diagnostic. The first Cup, when Tampa Bay beat Dallas in the Edmonton bubble, Vinik was at home in Cape Cod with his family. In February 2010, Koules, Barrie and the Lightning faithful got exactly what they wanted, and so desperately needed.Tampa Bay sale all but done.. Jeff Vinnik Boston hedge fund guy buys from Oren Koules and Len Barrie.. Should be announced friday.. Daren Millard (@darenmillard) February 5, 2010. Breathing issues are possible at some beaches. After several long phone calls and a trip to Detroit, Vinik got his man and Yzerman brought instant credibility to a franchise in peril. 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. We are all in this business to win the Stanley Cup. The Lightning enjoyed 234-consecutive sellout crowds at AMALIE Arena from 2015-2020, a streak that was halted only by the COVID-19 pandemic. He started the Conflict Islands Conservation Initiative and runs volunteer programs for turtle protection and coral research. 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. At that time, Penny Vinik said her marriage was irretrievably broken in her petition. Viniks Lightning team won the franchises second Stanley Cup, and first in his decade of ownership, in October, and the Water Street Tampa project has created unprecedented downtown growth around Amalie Arena. Jeff and Penny reside in South Tampa and have four children: Danny, Jared, Kyra, and Joshua. Jeff closed his Boston firm in 2013, to focus on business and philanthropic interests in Tampa. Vinik is widely known for investing in emerging technologies and innovative companies throughout Tampa Bay. 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. Vinik and Virgo, who had each led previously funding rounds for Peerfit, were joined by other existing shareholders in the latest round, said Ed Ian was born in Australia and educated at Geelong Grammar and Melbourne University. Thats really dire. Marketing cookies are used to track visitors across websites. 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. Like (former Blue Jackets coach) John Tortorella said (to The Athletics Joe Smith), they created a monster., The @TBLightning believe getting swept by @BlueJacketsNHL was a turning point in their championship arc. 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. Some cookies are placed by third party services that appear on our pages. He pledged another $10-million to continue the Hero program in the summer of 2021. We lost in the Cup final in 2015. Jeffrey N. Vinik. Gary pulled a good one out of his hat for that one.. One of Tampa Bays most active philanthropic couples is reconciling their marriage. 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. In 2021 he became a two-time Stanley Cup Champion after the Lightning captured back-to-back titles. 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. 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. Renovating the arena and on-ice success helped build the brand rather quickly. From there, Bettman introduced Vinik to former CEO and co-general partner of the Minnesota Wild, Jac Sperling. LinkedIn sets this cookie to remember a user's language setting. A year earlier, Vinik had reached out to Bettman, and Bettman had suggested he contact Jac Sperling, a man who has helped broker a number of professional sports team sales, including the Minnesota Wild, Phoenix Coyotes, Anaheim Ducks and New Orleans Hornets before they were renamed the Pelicans. 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. The Jeff and Penny Vinik Foundation has donated $50,000 to a local community hero at every home game. Penny and Jeff Vinik, a Tampa Bay power couple, have put their divorce proceedings on hold for now, filing for a 90-day pause. This cookie is installed by Google Analytics. Please provide a valid email address. 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. $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. Ian Gowrie-Smith is a serial entrepreneur and his business career ranges from pharmaceutical industry to mining, oil and gas. She says she agrees that he may have exclusive use of the couples home in Sarasota while the divorce is pending. In between, we missed the playoffs. In addition, Jeff manages various family investments, oversees the Vinik Family Foundation with his wife, Penny, and is part owner, with Cascade Investment, of Strategic Property Partners, a real estate entity undertaking a $3 billion mixed use development project to revitalize downtown Tampa. 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 is also the impetus behind Embarc Collective, an innovation hub which opened in downtown Tampa in 2019. When a prospective owner reaches out to NHL commissioner Gary Bettman to inquire about taking on a franchise, Bettman sends them to Tampa to learn from Vinik. Greg graduated with a PhD in Chemistry from the University of Kent and went on to Oxford University where he completed his post-doctoral research. In 2013 he closed his firm to focus his efforts on his growing business interests in Tampa including one of the citys leading sports properties. Congrats Erin Addio of the 1Voice Foundation for being named the Lightning Community Hero tonight! They owned a losing franchise, both on and off the ice, they were disconnected from their fan base and they needed a way out. 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. 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. Michael Russo is a senior writer covering the Minnesota Wild and the National Hockey League for The Athletic. Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. You never know where things are going to go. Jeff Vinik owns the Tampa Bay Lightning and is the leading developer behind the Water Street Tampa project. The parties enjoy a very high standard of living which should be maintained without interruption on a temporary basis.. 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. Professor Ken Herrmann is Chair of the Department of Nuclear Medicine at the Universittsklinikum Essen in Germany. Under Griggs' guidance, the Lightning were ranked No. 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. Of course, were not going to blow it up! Florida was among the states hardest hit. Read More, In case of sale of your personal information, you may opt out by using the link Do Not Sell My Personal Information. Griggs engineered a 95 percent Season Ticket Member renewal rate for the 2019-20 season. Viniks mantra: Hire good people, then dont interfere. Hes an unbelievable owner. Dr Langer is a graduate of Columbia University, and earned an M.D. Hes just taken it to such a different level. A $50,000 grant is given out at each home game to the community heros charity of choice. 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. Julien came over to my house, we talked for 2 hours, and we he, since hes the boss came up with the brilliant idea not to blow it up, Vinik says, sarcastically. Mainly, we talk budgets. Copyright 2020 Axiomatic Gaming, LLC | Website Design By AOEcreative.com, This website uses cookies to improve your experience. I have been following the stadium developments, including the site selection, with great interest. If no results appear, use Enter to do a full site search. 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