Valuation snapshotSource: Sportico NHL Valuations, Oct 2025
Latest estimated value
$1.90B
Estimated annual revenue
$240M (Forbes 2025, 2024-25 season)
Implied revenue multiple
7.9x (calc.)
YoY change
+6% (1-yr)
Most recent transaction
Control Sale
Implied valuation, last tx
$1.8B
Ownership
Controlling ownerOstrover/Lipschultz group (majority; Jeff Vinik remains governor through ~2027)
Ownership stake—
Owner since2024
Acquisition price$1.8B valuation (majority, 2024)
Transaction history
2 on file| Date | Type | Buyer | Seller | Stake | Price | Implied Val | Mult. | Conf. |
|---|---|---|---|---|---|---|---|---|
| 2024-10-24 | Control Sale | Doug Ostrover & Marc Lipschultz group (Blue Owl co-founders) | Jeff Vinik | Just over 50%; governorship transfers ~2027 | ~$900M+ (at $1.8B valuation) | $1.8B | — | High |
| 2010-03-01 | Control Sale | Jeff Vinik | OK Hockey (Koules/Barrie) | 100% | $170M | $170M | — | High |
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Valuations and revenue estimates on this page are sourced from publicly available reporting and are presented for informational purposes only. SportsCapIQ is not affiliated with the Tampa Bay Lightning, the NHL, or any party referenced. See full methodology and disclaimer.