The Fort Lauderdale Sun-Sentinel reports:
Florida Panthers majority owner Vincent Viola has been nominated to serve as the Secretary of the Army by President-elect Donald Trump.
The Viola family will retain ownership of the Panthers, the team said in a statement, but upon Senate confirmation and NHL approval, Viola has named co-owner Doug Cifu to take his place as chairman and governor of Sunrise Sports and Entertainment. Cifu has been serving as vice chairman and alternate governor.
“We are honored and humbled to see Mr. Viola nominated as the Secretary of the Army. We could not be more proud for Vinnie and his dedication to our country,” Panthers President and CEO Matthew Caldwell said in a statement.
Viola, a West Point graduate, former chairman of the New York Mercantile Exchange and founder of Virtu Financial Inc., bought the Panthers on Sept. 27, 2013 for a reported $250 million.