Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Lightning sale talks in progress at $2B valuation

Written by 
Published in Hockey
Tuesday, 13 August 2024 19:38

Jeff Vinik is in talks to expand the Tampa Bay Lightning's ownership group, he confirmed in a statement Tuesday, with the Tampa Bay Times reporting that he would be selling his majority stake in the team.

"I can confirm that we are in discussions to further expand our ownership group of the Tampa Bay Lightning," Vinik's statement read. "There will be no change in the day-to-day operations of the Lightning and Vinik Sports Group. I am very excited about what is to come for the organization and we look forward to sharing more when the time is right."

Sportsnet reported that the purchaser is believed to be Doug Ostrover, the co-founder and CEO of Blue Owl Capital, though the deal is not complete. According to Sportsnet, the sale would value the Lightning at close to $2 billion.

Vinik, who bought the Lightning in 2010 for a reported $170 million, would remain in charge of the organization for the next several years and retain a large ownership stake, according to multiple reports.

With Vinik as their owner, the Lightning won consecutive Stanley Cup championships in 2020 and 2021.

If completed, the Lightning sale would eclipse Michael Andlauer's $950 million purchase of the Ottawa Senators in September as the largest in NHL history.

Information from Field Level Media was included in this report.

Read 152 times

Soccer

Amorim defends Højlund despite scoring woes

Amorim defends Højlund despite scoring woes

EmailPrintOpen Extended ReactionsRuben Amorim has insisted that Rasmus Højlund is not solely to blam...

Weekend review: Real Madrid still in title race, plus much more

Weekend review: Real Madrid still in title race, plus much more

EmailPrintOpen Extended ReactionsThroughout the course of the weekend, the LaLiga title race went fr...

Lewandowski (hamstring) in doubt for UCL semis

Lewandowski (hamstring) in doubt for UCL semis

EmailPrintBarcelona striker Robert Lewandowski is a major doubt for the Copa del Rey final and the C...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Cavs ride Jerome heater to Game 1 win vs. Heat

Cavs ride Jerome heater to Game 1 win vs. Heat

EmailPrintOpen Extended ReactionsCLEVELAND -- When the Cleveland Cavaliers first assembled for this...

Alperen Sengun puts Draymond Green on a poster

Alperen Sengun puts Draymond Green on a poster

EmailPrintOpen Extended ReactionsThe first possession of Alperen Sengun's NBA playoff career began w...

Baseball

O's give up 24 runs in 'embarrassing' loss to Reds

O's give up 24 runs in 'embarrassing' loss to Reds

EmailPrintOpen Extended ReactionsBALTIMORE -- The Baltimore Orioles began Sunday with right-hander C...

Padres' Arraez exits on stretcher after collision

Padres' Arraez exits on stretcher after collision

EmailPrintHOUSTON -- San Diego Padres designated hitter Luis Arraez was carted off after colliding w...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated