Elliotte Friedman is reporting that Tampa Bay Lightning owner Jeff Vinik has begun the process of selling the team to Doug Ostrover, CEO of the investment firm Blue Owl Capital. According to Friedman, it is a multi-stage deal that allows Vinik to retain operational control of the organization for “the next several years” as well as an ownership stake that is reported to be “significant”.
Back in 2023, the Lightning sold a minority stake to Arctos Sports Partners that placed a value on the team at about $1.4 billion. Friedman’s article pins the current value of the team at closer to $2 billion in regards to the current deal.