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Sale of Lightning to Vinik complete

Updated: March 3, 2010, 6:35 PM ET
Associated Press

TAMPA, Fla. -- The sale of the Tampa Bay Lightning to Boston Red Sox minority owner Jeff Vinik is complete.

The NHL's Board of Governors gave unanimous approval to the deal Wednesday. Vinik agreed to buy the team, the company that operates the St. Pete Times Forum and more than five acres of land adjacent to the downtown arena on Feb. 4.

Financial terms were not disclosed. The Boston financier reportedly paid about $110 million cash -- substantially less than the $206 million a group ...

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