Skip to content

Official: Panthers sold to Vincent Viola for $250 million

Sep 27, 2013, 10:38 AM EST

Vincent Viola AP

A new era is about to start in Sunrise.

The Florida Panthers made it official today announcing the sale of the franchise to New York City businessman Vincent Viola for what’s believed to be $230 million. (Update: John Shannon of Sportsnet says it’s for $250 million with about half of that going to creditors) His official title is chairman, principal owner and governor of Sunrise Sports & Entertainment and the Panthers. That’s a mouthful.

Viola is purchasing the team from, now former owner, Cliff Viner and his group of investors. Panthers coach Kevin Dineen tells George Richards of the Miami Herald he’s proud of what Viner did for the franchise.

“Cliff leaves the franchise much better than how he found it,” coach Kevin Dineen told the Miami Herald. “He leaves us on solid ground and heading in the right direction.”

Joining Viola in the front office is Douglas Cifu as vice chairman, partner and alternate governor. Michael Yormark, who you may recall from past Twitter dustups, is promoted to team president and CEO.

With new ownership in place, the team was able to sign goalie Tim Thomas to a one-year deal yesterday. Perhaps this is a sign of things making a a successful turnaround both on and off the ice for the Panthers.

Latest Posts
  1. Lucic: Players have to step up for struggling Bruins

    Dec 27, 2014, 11:47 PM EST

    Milan Lucic Michel Cormier AP

    Some controversy in this game, too.

  2. WATCH LIVE: Sharks at Kings (10 p.m. ET)

    Dec 27, 2014, 9:46 PM EST

    San Jose Sharks v Los Angeles Kings Getty Images

    These teams, as we all know, don’t care for each other.

  3. WATCH LIVE: Capitals at Penguins (7:30 p.m. ET)

    Dec 27, 2014, 7:00 PM EST

    Washington Capitals v Pittsburgh Penguins Getty Images

    Starting to tighten up in the Eastern Conference standings.

  4. Wild place Backstrom (illness) on IR

    Dec 27, 2014, 6:26 PM EST

    Minnesota Wild v Phoenix Coyotes Getty Images

    Minnesota has recalled John Curry.

  5. Mason targets Monday as his return date

    Dec 27, 2014, 4:15 PM EST

    Steve Mason AP

    He’s been dealing with a back injury.

  6. Will Milan Lucic, Dalton Prout go for round three tonight?

    Dec 27, 2014, 3:27 PM EST

    Boston Bruins v Columbus Blue Jackets Getty Images

    There was plenty of controversy surrounding the single-punch incident on Nov. 21.

  7. Jagr: Coaching change might not help unless players ‘wake up’

    Dec 27, 2014, 2:32 PM EST

    Jaromir Jagr Getty Images

    Jagr from less than two weeks ago: “(Firing DeBoer) would be one of the biggest mistakes they could make.”

Featured video

Holiday wish lists for NHL teams
Top 10 NHL Player Searches
  1. B. Bishop (2514)
  2. C. Perry (2224)
  3. S. Weiss (1903)
  4. B. Elliott (1852)
  5. S. Crosby (1608)
  1. J. Howard (1546)
  2. N. Kronwall (1542)
  3. S. Varlamov (1532)
  4. J. Schwartz (1483)
  5. S. Downie (1391)