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Stock impact report

How the Lightning majority-share sale came together [Yahoo! Finance]

Blue Owl Capital Inc. Class A (OWL) 
Company Research Source: Yahoo! Finance
But if there's anything that could be more important to Vinik than owning the NHL team, it's ensuring that the organization is in capable hands for years to come. Of all his successful business projects, taking the Lightning from a franchise in disarray to one of the model organizations in professional sports might be what makes him most proud. The more he got to know Ostrover and Marc Lipschultz — two self-made Wall Street billionaires who have a combined net worth of $5.1 billion, according to Forbes — the more he was sold on that these were two guys he wanted to partner with. He trusted them with the future of the franchise. “We just hit it off right from that first conversation,” Vinik said Monday. Ostrover and Lipschultz, co-CEOs of Blue Owl Capital, were looking for an ownership share with a path to control. Their firm has ownership stakes in three NBA teams, and Ostrover and Lipschultz are minority members of the Washington Commanders' ownership group. Ostrover had been Show less Read more
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