Lightning1995
Registered User
- May 16, 2016
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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?
Jeff Vinik
- Thread starter Lightning1995
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These Are The Days
Oh no! We suck again!!
Felonious Python
Minor League Degenerate
- Aug 20, 2004
- 31,149
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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
Kucherov or prospect
LTIR Trickery
Plz stop pucks
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.
Felonious Python
Minor League Degenerate
- Aug 20, 2004
- 31,149
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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
Number 1 Bull****
OurlordAndSaviorKuch
Number one Bull$hit
There was conversation in a couple threads, so I created this one. Jeff Vinik IS the Tampa Bay Lightning.
GoBoltz56
Brisebois 1st Rounder
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
/cloudfront-us-east-1.images.arcpublishing.com/tbt/Q3EFEX34SNBTXDKN4EFD32YMMI.JPG)
Lightning selling minority ownership stake at $1.4 billion team valuation: report
Arctos Sports Partners, which purchased a share of the team in 2021, is looking to invest in a larger percentage of the club. But first, it needs NHL approval.
gn2007
Registered User
LightningStrikes
Champa Bay Lightning
- Nov 24, 2009
- 26,358
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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.
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
TBL: TEAM OF THE CENTURY
LightningStrikes
Champa Bay Lightning
- Nov 24, 2009
- 26,358
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