JOURNAL ARTICLE

Blue Owl Tycoons Set to Take Over NHL's Tampa Bay Lightning.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Marques, Felipe; Williams, Randall 3 of 3

Abstract

Private credit executives Doug Ostrover and Marc Lipschultz, from Blue Owl Capital Inc., are set to acquire ownership of the NHL's Tampa Bay Lightning. The deal, valued at $1.8 billion, will give them control of the team in three years, with current owner Jeff Vinik remaining a partner. This transaction reflects the increasing intersection between finance and professional sports, as private equity and billionaires show interest in sports franchises. The new ownership group also includes several other individuals, and they express excitement about joining the Tampa Bay community and continuing the team's success. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/10, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2024
  • Accession Number:180455876
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