Roughly a month ago, The Tampa Bay Times reported that Jeff Vinik was in the works to sell a minority share of Vinik Sports Group, the company that owns the Tampa Bay Lightning among other interests. On Tuesday, it was officially announced that the buyer was Arctos Sports Partners a self-described “private equity platform dedicated to the professional sports industry and sports franchise owners”.
Financial terms were not discussed, nor was the size of the stake that Arctos purchased. League rules prevent private equality firms from owning more than 20% of a NHL team.