Thursday, 29 January 2015
Last updated 16 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…