Jeff Vinik Sells Majority Stake in Tampa Bay Lightning

Vinik remains a minority partner and rewards employees with $20 million in bonuses.

Jeff Vinik sold a majority stake in the Tampa Bay Lightning to Doug Ostrover and Marc Lipschultz, co-founders of an investment firm.
Vinik will continue to manage the team for three more years and retain a minority ownership role afterward.
The sale includes a $20 million bonus pool for Lightning employees, with each receiving at least $50,000.
Vinik is praised for his philanthropic efforts, having donated over $60 million to local nonprofits and community projects.
New owners Ostrover and Lipschultz aim to maintain the team's community-first focus and success on the ice.