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.
A Hardee County grandmother is on trial this week for leaving her 7-month-old granddaughter in a hot car where the baby died —the second grandchild to die under Tracey Nix's care. ABC Action News I-Team Reporter Kylie McGivern sat down with Kaila Nix just days ahead of her mother's trial for aggravated manslaughter.
