Tampa Bay Lightning owner Jeff Vinik offers massive bonuses after $1.8 billion sale
Photo credit: DIRK SHADD | Times
The Tampa Bay Lightning's sale was made official yesterday, and the owner Jeff Vinik offered massive bonuses to his employees after the $1.8 billion deal.
On October 1st, the NHL's Board of Governors approved the Tampa Bay Lightning's ownership change, and yesterday, the organization confirmed the news in an official press release.
Jeff Vinik bought the team in 2010 for $93 million and sold just over 50% of it for $1.8 billion. He is set to pursue his duties for three years before stepping down and letting the group of investors led by Doug Ostrover and Marc Lipschultz take charge.
Today, a new report confirmed that after the sale, Vinik spent $20 million in bonuses for his full-time employees, who each received between $50 and $66k.
Vinik handed out the following memo to organization employees:
"In recognition of the hard work and dedication that has made VSG a world-class+ organization, I'm pleased to announce that all full-time staff will be receiving a bonus on behalf of the Vinik Family. .. Thank you for the role you've played in making the Vinik Sports Group and the Tampa Bay Lightning an organization of which we can all be proud. Together, we have built something truly special.
As we look toward the future, it's important for me to be thoughtful and strategic in how we continue to grow. Bringing in the right partners with the right values and commitment to our culture is the way we ensure lasting success for Vinik Sports Group and the Tampa Bay Lightning."
As we look toward the future, it's important for me to be thoughtful and strategic in how we continue to grow. Bringing in the right partners with the right values and commitment to our culture is the way we ensure lasting success for Vinik Sports Group and the Tampa Bay Lightning."
During Vinik's ownership, the Lightning won two Stanley Cups, in 2020 and 2021. In the next three years of his tenure, it's safe to say that Vinik will do all he can to win another Cup, cementing his legacy for years to come.
| POLL | ||
OCTOBRE 25 | 30 ANSWERS Tampa Bay Lightning owner Jeff Vinik offers massive bonuses after $1.8 billion sale Do you think the Tampa Bay Lightning will win another Stanley Cup before Jeff Vinik steps away from the team? | ||
| Yes | 3 | 10 % |
| No | 27 | 90 % |
| List of polls | ||
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