Sunday, 19 April 2015
Last updated 3 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…