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Arctos Sports Partners is planning to purchase a minority stake in the Tampa Bay Lightning that would value the franchise at $1.4 billion, according to…
The Lightning are in the process of selling a minority stake in the team in a transaction valuing the club at $1.4 billion, according to a report from Sportico. Arctos Sports Partners, a New York- and Dallas-based private equity firm that invests passive minority ownership shares in professional sports franchises, first purchased a stake in the Lightning in late 2021 from Jeff Vinik and now .