Thursday, 31 July 2014
Last updated 11 hours ago
Feb 1 2010 | 7:52pm ET
Boston hedge fund manager Jeff Vinik is nearing a deal to buy the Tampa Bay Lightning hockey team.
The Vinik Asset Management founder will almost certainly buy the team from current co-owners Len Barrie and Oren Koules, barring unforeseen circumstances, the St. Petersburg Times reports.
Nothing is finalized, but discussions between Vinik, the Lightning and the National Hockey League apparently moved forward over the weekend.
The 50-year-old Vinik, who is a part-owner of baseball’s Boston Red Sox and a former manager of the Fidelity Magellan Fund, is apparently planning to buy the team on his own, without bringing in limited partners. According to The Hockey News, the price tag for the team and the lease on its rink—the St. Pete Times Forum—stands at around $170 million.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…