Jeffrey Vinik

Jeffrey N. Vinik (born March 22, 1959) is the current owner of the Tampa Bay Lightning (NHL) and a minority owner of the Boston Red Sox (MLB). He served on the board of directors for Liverpool Football Club of the Premier League from 2010–2013.
==Early life==
Vinik was born to a Jewish familySt. Louis Jewish Light: "As Lightning vies for Stanley Cup, the team’s Jewish owner chats with JTA" Jun 8, 2015. in Deal, New Jersey. He graduated Phi Beta Kappa from Duke University in 1981 with a bachelor of science in civil engineering. He also obtained an MBA from Harvard Business School in 1985.
==Career==
Vinik managed the Fidelity Magellan Fund from 1992 to 1996, where he averaged 17% annual returns."Corporate Leadership in a Globalising Equity Market" Useem, Michael (1998) in Academy of Management Executive After leaving Fidelity, he started hedge fund Vinik Asset Management, with partners including Michael Gordon (now President of Fenway Sports Group). He made investors 93.8% in his first 11 months and approximately 50% a year for the next three years. At the end of 2000, Vinik returned investors $4.2 billion and focused on managing his own portfolio. Vinik and his partners closed down the fund in December 2013, and distributed $9 billion in assets.
In 2010, he purchased the Tampa Bay Lightning from Oren Koules and Len Barrie for $170 million.ESPN: "Vinik agrees to buy Lightning" by Pierre LeBrun February 5, 2010 In January 2011, he purchased the Tampa Bay Storm. The Storm folded in December 2017.
In 2020, The Lightning won the Stanley Cup Championship, defeating the Dallas Stars 4 games to 2.
==Philanthropy==
In 1998, Vinik and his wife, Penny, donated $1.25 million to endow a professorship at Duke's engineering school. The next year, they donated $5 million towards facilities at the engineering school. In 2012, they donated $10 million to create a challenge fund to endow associate and full professorships dedicated to addressing complex societal challenges. He donated $1.5 million to build a new Jewish Community Center in South Tampa.Jewish Tampa: "New JCC Project Garnering Significant Support" retrieved July 12, 2014 | "Jeff Vinik added, "We're excited to be a part of the creation of an additional JCC presence in Tampa, and we know this will be transformative for so many members of our community."Jewish Press of Pinellas County: "Bucs, Lightning owners lead donors for south Tampa Jewish Community Campus" January 17, 2014 With his wife, he also donated to Vanderbilt University in 2016-2017.
==Awards and honors==
*2020 Stanley Cup Champion (as owner of the Tampa Bay Lightning)
==References==
Category:1959 births
Category:National Hockey League owners
Category:Tampa Bay Lightning executives