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Tampa Bay Lightning
The Tampa Bay Lightning (also referred to as the 'Bolts') are a professional ice hockey team from Tampa, Florida. They are members of the Southeast Division of the Eastern Conference of the National Hockey League (NHL).
Franchise History
The Tampa Bay Lightning became part of the NHL in the late 1980s when the NHL decided to expand. Originally, two rival groups from the Tampa and St. Petersburg area made a bid for the NHL franchise. The St. Petersburg-based group was fronted by future Hartford Whalers/Carolina Hurricanes management Peter Karmanos and Jim Rutherford and the Tampa-based group was fronted by two Hall of Famers, Phil and Tony Esposito.
The St. Petersburg group appeared to be stronger as the Karmanos/Rutherford team was better financed while the Tampa group's American partners backed out just a few months before the bid. As a result, Esposito was forced to recruit a consortium of Japan businesses headed by golf course owner Kokusai Green. However, according to former NHL president Gil Stein, the tables turned when the St. Petersburg group refused to pay more than $29 million before starting play, while the Tampa group was ready to pay the full $50 million expansion fee. Eventually, the Tampa group won the franchise.
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