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11-30-2011, 09:07 PM
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Wall Streeters Beat Stock Market With Sports Teams

" Last year Jeffrey Vinik (Vinik Asset Management) bought the Tampa Bay Lightning for $93 million and Joe Lacob (Kleiner Perkins) acquired the Golden State Warriors for $450 million.

But Vinik has done superb with the Lightning now worth $174 million due to arena renovations and improvements on the ice that have made the Lighting a playoff team. While Vinik’s investment in the NHL team has nearly doubled the S&P 500 has increased just 4%."

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