Jeff Vinik

[Lightning1995]

Why is there so much speculation he’s going to sell the Lightning? I guess just an assumption since he sold his other Water Street holdings in addition to the divorce?

 

[Hoek]

Just an erroneous assumption that a divorce means he's getting taken to the cleaners I think

 

[AlwaysSunnyInTampa]

I thought it was elaborated that the Lightning are not involved in the settlement?

 

[Felonious Python]

It depends on how hard in the paint Jeff Vinik wants to go with protecting his assets, but unless his people completely fumble the ball, there should be very little risk.

 

[Todd1a]

Why is there so much speculation he’s going to sell the Lightning? I guess just an assumption since he sold his other Water Street holdings in addition to the divorce?

From who ?

 

[LTIR Trickery]

I thought it was elaborated that the Lightning are not involved in the settlement?

They're an isolated entity that I would imagine stays isolated from proceedings. I haven't seen any speculation about him selling the lightning.

It depends on how hard in the paint Jeff Vinik wants to go with protecting his assets, but unless his people completely fumble the ball, there should be very little risk.

Yeah, the man handled a multibillion hedge fund(s), I would assume his risk is very well understood and covered. I also never got the impression of him being a vindictive person in the slightest, he really is one of the nicest, friendliest people you'll meet. They both sound level headed about splitting.

 

[Felonious Python]

They're an isolated entity that I would imagine stays isolated from proceedings. I haven't seen any speculation about him selling the lightning.

Yeah, the man handled a multibillion hedge fund(s), I would assume his risk is very well understood and covered. I also never got the impression of him being a vindictive person in the slightest, he really is one of the nicest, friendliest people you'll meet. They both sound level headed about splitting.

I believe the line of thinking is that a divorce would somehow financially cripple Jeff Vinik, enough for him to need to sell the team.

When you are dealing with enough money, divorces don't necessarily work like that. Even if there's no pre or postnuptial agreements.

 

[VinikToWinIt]

If he does sell, I hope the new owner has a snappy last name.

 

[OurlordAndSaviorKuch]

Why is there so much speculation he’s going to sell the Lightning? I guess just an assumption since he sold his other Water Street holdings in addition to the divorce?

From whom?

 

[Lightning1995]

From whom?

There was conversation in a couple threads, so I created this one. Jeff Vinik IS the Tampa Bay Lightning.

 

[GoBoltz56]

I thought I heard within the last few years that he did sell part of the team or was a minority owner now? Maybe I'm confused.

 

[Hoek]

I thought I heard within the last few years that he did sell part of the team or was a minority owner now? Maybe I'm confused.

No he's still majority owner. He sold a minority share of the team to some investment group called Arctos Sports Partners

https://www.tampabay.com/sports/lig...-partners-valuation-minority-ownership-stake/

 

[gn2007]

If he don't fire JBB bc of this stamkos debacle tmthan nothing will get JBB fired christ.

 

[LightningStrikes]

Vinik is a businessman and from what I can tell JBB’s approach is based on numbers and zero emotion. So I’d assume Vinik is okay with or even actively okaying what JBB is doing right now. If the product remains as competitive as today or turns out even better (the latter should be the job description for JBB) Vinik will be fine with it.

Marketability of the team might decrease short term a bit by letting go the face of the franchise to “save” like $2M to sign a bottom-6 forward (“it’s a bad look”) but at the same time it’s the perfect (and valid) excuse: If there was no salary cap of course Stamkos would have signed a contract already.

And it’s not like PR is taking a huge hit when we still have the best right wing in the game on the roster and other stars like Hedman, Vasi, Point and potentially Guentzel.

 

[Stammertime91]

Vinik is a businessman and from what I can tell JBB’s approach is based on numbers and zero emotion. So I’d assume Vinik is okay with or even actively okaying what JBB is doing right now. If the product remains as competitive as today or turns out even better (the latter should be the job description for JBB) Vinik will be fine with it.

Marketability of the team might decrease short term a bit by letting go the face of the franchise to “save” like $2M to sign a bottom-6 forward (“it’s a bad look”) but at the same time it’s the perfect (and valid) excuse: If there was no salary cap of course Stamkos would have signed a contract already.

And it’s not like PR is taking a huge hit when we still have the best right wing in the game on the roster and other stars like Hedman, Vasi, Point and potentially Guentzel.

Can we get a FA frenzy thread? Thanks prez.

 

[LightningStrikes]

Can we get a FA frenzy thread? Thanks prez.

Sure. Go for it champ!