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.
Friends rally behind homeowner in Largo after EF-1 tornado
Frances was out of the country when a storm blew through Largo, ripping the roof off her home in the process. Her friends, Debbie Jackson and Sam Rogers, rallied people from Sam's Facebook group, "Beach Bum Fun in the Sun," and began moving Frances' stuff out of her home and into a safer location.
