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Lightning's ownership situation made easy
A lot of information has become available the past few days about the Lightning's ownership situation and owners Oren Koules and Len Barrie, who over the summer mounted efforts to buy each other out under a league-mandated program that since has been modified. Here is a quick primer to give the lay of the land and where things stand -- as best we can figure, what with the parties still mostly quiet about some of the behind-the-scenes stuff.
Still, here is what we believe we know: ... Read more
Miami Beach real estate investor Jeff Greene drops bid to buy the Tampa Bay Lightning (updated)
Miami Beach real estate investor Jeff Greene has decided not to pursue buying the Tampa Bay Lightning. In a statement, Greene said:
“After careful due diligence and a thorough analysis of the terms and economics of the deal, we have determined that this investment does not meet our criteria. At Florida Sunshine Investments, we are presented diverse investment opportunities here in Florida, throughout the United States and around the world. We looked at the investment in the Lightning like we look at any other potential investments, and after doing our final analysis, the numbers did not work for us.
“I want to thank the National Hockey League and the Lightning ownership for their courtesy during this process." ... Read more
Anthony Sansone Jr. says he still is interested in buying the Tampa Bay Lightning
A St. Louis real estate developer who also has been kicking the Tampa Bay Lightning's tires, reiterated he still has interest in buying the team, but declined comment on where his due diligence stands, though it is reasonable to assume he still is determining if the numbers work.
Reached in Europe where he is on business, Anthony Sansone Jr., said, "Obviously, we remain interested," but would not say when he will decide whether or not to pursue ownership. ... Read more
Report says development owned by Tampa Bay Lightning co-owner Len Barrie is being investigated
The finances of a massive spa and housing development owned principally by Lightning co-owner Len Barrie apparently are being investigated by the Canada Revenue Agency, Canada’s equivalent of the Internal Revenue Service, according to a Canadian newspaper report. ... Read more
Report: Possible Pistons sale accelerating search for Lightning buyer
The plan by Karen Davidson, widow of former Lightning owner Bill Davidson, to explore a sale of the NBA's Detroit Pistons and Palace Sports & Entertainment (PS&E) has accelerated efforts by Lightning owners and the NHL to find a buyer for the Tampa Bay franchise, sources told Sports Business Daily. ... Read more
Tentative agreement reached in sale of Tampa Bay Lightning to Jeffrey Vinik
It is not yet a done deal, but a tentative agreement apparently has been reached in the proposed sale of the Lightning to Boston hedge fund manager Jeff Vinik. More work has to be done and final signatures still are needed, but the process occurring at the NHL offices in New York seems to be in its final stages. The money still has not been revealed but it is believed it will be substantially less than the $170 million reported by the Hockey News. ... Read more
Jeff Vinik has purchase agreement to buy the Tampa Bay Lightning; approvals next
The Lightning is on its way to having new ownership as Boston hedge fund manager Jeff Vinik on Friday secured a purchase agreement to buy the team, the St. Pete Times Forum lease and 5½ acres around the building. ... Read more
The interview: prospective Tampa Bay Lightning owner Jeff Vinik speaks out
Boiling down a 25-minute interview for a newspaper article is difficult. Obviously, a lot has to get left on the cutting room floor. So, in order for you to get an even better idea of who is Jeff Vinik, who on Friday signed a purchase agreement to be the Tampa Bay Lightning's fifth owner, here is the entire interview. Vinik, 50, a Boston hedge fund manager, who probably prefers money manager, grew up in Deal, N.J., and moved with his family to New York when he was in the eighth grade. Here is how and why he has come to be the Lightning's next owner: ... Read more
Injuries, illness puts Lightning lineup up in air; Dan Boyle calls previous owners "poison"
The Tampa Bay Lightning's injury/illness problems just keep mounting; so much so, coach Guy Boucher said after Saturday's morning skate in San Jose that he does not yet know his lineup. ... Read more
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