TAMPA, Fla. — The Tampa Bay Lightning launched a multistage sale process that will value the organization at close to $2 billion, according to sources at Sportsnet.
The deal is currently not final. However, the purchaser is reportedly believed to be Doug Ostrover, co-founder and CEO of Blue Owl Capital, an investment firm giant with a revenue of $1.73 billion.
It is reported that the Lightning's current owner, Jeff Vinik, will continue to have a significant ownership stake as part of the new group as well as retain full control of the franchise for the next several years.
He purchased the Lightning for a reported $170 million back in 2010. Since then, the team has won two Stanley Cups and made another two trips to the final.
Pasco County woman trying to rebuild mobile home after hurricanes
"I cried, of course, because I've worked very hard getting it nice, which has been difficult for me since I lost my husband and being alone,” Kelly Welty said.
Welty's mobile home lost its roof during Hurricane Milton. She said it was the only one in the Buena Vista community to get totaled by a tornado.
