Tampa Bay Lightning Ownership Changes Hands In $2 Billion Deal

Benzinga

Vinik Sports Group, led by Jeff Vinik, sells a portion of its stake in the Tampa Bay Lightning to investors Doug Ostrover and Marc Lipschultz. Though the terms were not disclosed, previous reports indicate the NHL team is valued at nearly $2 billion. The NHL’s Board approved this deal of Governors. Vinik will retain control for three more years before transitioning to Ostrover and Lipschultz. Arctos Partners, another Lightning stakeholder, will also reduce its ownership.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Vinnick Sports Group, led by Jeff Vinnick, is selling a portion of its stake in the Tampa

00:06Bay Lightning to investors Doug Ostrover and Mark Lipschultz.

00:10Though the terms were not disclosed, previous reports indicate the NHL team is valued at

00:14nearly $2 billion.

00:16The NHL's board approved this deal of governors.

00:19Vinnick will retain control for three more years before transitioning to Ostrover and

00:23Lipschultz.

00:24Arctos Partners, another Lightning stakeholder, will also reduce its ownership.

00:28For all things money, visit Benzinga.com slash GSTV.

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