Football How to be a billionaire sports team owner

Rooster · 01-12-2009, 09:49 AM

I thought this article was kind of interesting. A little insight as to how these NFL owners made all their money. The artlcle had more pro owners but I removed the ones that were not NFL related.

How to be a billionaire sports team owner

Owning a professional sports franchise is my dream job. (I'm willing to relocate.) Of course, I could never afford my own team. There's a better chance I'll miraculously develop an unhittable slider, or learn to punt.
You obviously must be exceedingly wealthy to become an owner.

Did you ever wonder how all these people made all that money?

I sure hope you did, because we went and did all this research.
Here's a list of nine billionaire owners and how they built their fortunes.

Robert Kraft, New England Patriots (NFL)
I'd never given it much thought, but I'd always assumed Kraft bought the Patriots with big cheese money he'd inherited.
But Kraft got his start in the paper business. His wife, Myra, is the daughter of Massachusetts philanthropist Jacob Hiatt.
After Kraft finished Harvard Business School, he went to work with his father-in-law's packaging company.

In 1972, Kraft founded International Forest Products, which is now part of the Kraft Group -- a diversified collection of companies ranging from Gillette Stadium to the New England Revolution (Major League Soccer) to Carmel Container Systems (Israel's largest packaging plant).
Kraft is seen as a savior in New England -- before he bought the team in 1994, the Pats seemed destined for relocation to St. Louis. Plus he's made them really, really good, winning three Super Bowls this decade.
Another reason I'm so keen on owning a team is the access to foreign heads of state.

In 2005, Kraft met Vladimir Putin, who walked off with one of Kraft's Super Bowl rings.
Kraft now claims it was a gift, but that might just be what you say when a Russian leader steals your jewelry.

Jerry Jones, Dallas Cowboys (NFL)
Jerry Jones built an oil empire in the early 1970s, striking gas in the first thirteen wells he drilled. His father had given him a head start; Pat Jones sold the Modern Security Life Insurance Company for millions.
An undersized guard, Jones was captain of the 1965 Cotton Bowl-winning Arkansas Razorbacks.

Future Cowboys coach Jimmy Johnson was a teammate, and Johnson's successor, Barry Switzer, was a Razorbacks assistant.
Jones bought the Cowboys for an estimated $140 million in 1989.
He immediately made waves by firing Tom Landry -- the only coach in Cowboys history -- and replacing him with his college buddy (the aforementioned Jimmy Johnson, who was coaching the University of Miami).
After a rocky 1-15 start in 1989, the Cowboys went on to win three Super Bowls in the 1990s

Malcolm Glazer, Tampa Bay Buccaneers (NFL), Manchester United (English Premier League)Malcolm Glazer inherited a small jewelry repair business from his father.
But it was Malcolm's investments in Florida trailer parks that started his financial ascent.

He went on to become president and CEO of First Allied Corporation, which now owns 6,700,000 square feet of retail space. He was also chairman of Gilbert/Robinson, Inc., which managed over 100 restaurants, including Houlihan's and Darryl's.
Today, the Glazer family oversees strip malls and nursing homes throughout the land.
Glazer also has a large stake in Zapata, an oil company founded by George H.W. Bush.

Glazer made five previous attempts to join the elite ranks of NFL ownership, including a failed 1993 bid to bring an expansion team to Baltimore.
The New York Times said Glazer had "a reputation as a franchise window shopper, one who looks at virtually every team that comes up for sale."
But in 1995, he outbid George Steinbrenner for the downtrodden Tampa Bay Buccaneers.
Under his leadership, the franchise was righted, earning a Super Bowl title in 2003.

Glazer also bought Manchester United, and fans weren't exactly pleased.

Stanley Kroenke, Denver Nuggets (NBA), Colorado Avalanche (NHL), St. Louis Rams (NFL -- partial owner)Kroenke is a self-made man who also married mega-rich.
He earned his estimated $2.1 billion fortune in real estate, developing shopping centers across the country.
Then he went ahead and married a Walton -- Ann Walton. Sam's niece. She's worth another $3+ billion.
A sports junkie, Kroenke also owns Major League Soccer franchise Colorado Rapids and a share in Premier League's Arsenal F.C.

Stephen Bisciotti, Baltimore Ravens (NFL)
At 48, Stephen Bisciotti is one of the NFL's youngest owners.
He made his money in staffing -- specifically, finding talented engineers for the aerospace industry.

With Jim Davis, Bisciotti founded Aerotek in 1983 (he was 23).
Their staffing company, now known as the Allegis Group, had revenues of $4.4billion in 2005.
Bisciotti bought 49 percent of the Ravens in 2000, and purchased the rest from Art Modell in 2004

http://www.cnn.com/2009/LIVING/workl...ers/index.html

BigChiefFan · 01-12-2009, 10:06 AM

Putin took one of Kraft's SB rings? Wow.

Demonpenz · 01-12-2009, 10:12 AM

Quote:

Originally Posted by BigChiefFan

Putin took one of Kraft's SB rings? Wow.

He was wearing when he met bush, screamed out UNITY and punched him

Rooster · 01-12-2009, 01:45 PM

Quote:

Originally Posted by Demonpenz

He was wearing when he met bush, screamed out UNITY and punched him

I think I read that.

01-12-2009, 09:49 AM
Rooster Draft a QB Join Date: Feb 2006 Location: JoCo Casino cash: $9961689	How to be a billionaire sports team owner I thought this article was kind of interesting. A little insight as to how these NFL owners made all their money. The artlcle had more pro owners but I removed the ones that were not NFL related. How to be a billionaire sports team owner Owning a professional sports franchise is my dream job. (I'm willing to relocate.) Of course, I could never afford my own team. There's a better chance I'll miraculously develop an unhittable slider, or learn to punt. You obviously must be exceedingly wealthy to become an owner. Did you ever wonder how all these people made all that money? I sure hope you did, because we went and did all this research. Here's a list of nine billionaire owners and how they built their fortunes. Robert Kraft, New England Patriots (NFL) I'd never given it much thought, but I'd always assumed Kraft bought the Patriots with big cheese money he'd inherited. But Kraft got his start in the paper business. His wife, Myra, is the daughter of Massachusetts philanthropist Jacob Hiatt. After Kraft finished Harvard Business School, he went to work with his father-in-law's packaging company. In 1972, Kraft founded International Forest Products, which is now part of the Kraft Group -- a diversified collection of companies ranging from Gillette Stadium to the New England Revolution (Major League Soccer) to Carmel Container Systems (Israel's largest packaging plant). Kraft is seen as a savior in New England -- before he bought the team in 1994, the Pats seemed destined for relocation to St. Louis. Plus he's made them really, really good, winning three Super Bowls this decade. Another reason I'm so keen on owning a team is the access to foreign heads of state. In 2005, Kraft met Vladimir Putin, who walked off with one of Kraft's Super Bowl rings. Kraft now claims it was a gift, but that might just be what you say when a Russian leader steals your jewelry. Jerry Jones, Dallas Cowboys (NFL) Jerry Jones built an oil empire in the early 1970s, striking gas in the first thirteen wells he drilled. His father had given him a head start; Pat Jones sold the Modern Security Life Insurance Company for millions. An undersized guard, Jones was captain of the 1965 Cotton Bowl-winning Arkansas Razorbacks. Future Cowboys coach Jimmy Johnson was a teammate, and Johnson's successor, Barry Switzer, was a Razorbacks assistant. Jones bought the Cowboys for an estimated $140 million in 1989. He immediately made waves by firing Tom Landry -- the only coach in Cowboys history -- and replacing him with his college buddy (the aforementioned Jimmy Johnson, who was coaching the University of Miami). After a rocky 1-15 start in 1989, the Cowboys went on to win three Super Bowls in the 1990s Malcolm Glazer, Tampa Bay Buccaneers (NFL), Manchester United (English Premier League)Malcolm Glazer inherited a small jewelry repair business from his father. But it was Malcolm's investments in Florida trailer parks that started his financial ascent. He went on to become president and CEO of First Allied Corporation, which now owns 6,700,000 square feet of retail space. He was also chairman of Gilbert/Robinson, Inc., which managed over 100 restaurants, including Houlihan's and Darryl's. Today, the Glazer family oversees strip malls and nursing homes throughout the land. Glazer also has a large stake in Zapata, an oil company founded by George H.W. Bush. Glazer made five previous attempts to join the elite ranks of NFL ownership, including a failed 1993 bid to bring an expansion team to Baltimore. The New York Times said Glazer had "a reputation as a franchise window shopper, one who looks at virtually every team that comes up for sale." But in 1995, he outbid George Steinbrenner for the downtrodden Tampa Bay Buccaneers. Under his leadership, the franchise was righted, earning a Super Bowl title in 2003. Glazer also bought Manchester United, and fans weren't exactly pleased. Stanley Kroenke, Denver Nuggets (NBA), Colorado Avalanche (NHL), St. Louis Rams (NFL -- partial owner)Kroenke is a self-made man who also married mega-rich. He earned his estimated $2.1 billion fortune in real estate, developing shopping centers across the country. Then he went ahead and married a Walton -- Ann Walton. Sam's niece. She's worth another $3+ billion. A sports junkie, Kroenke also owns Major League Soccer franchise Colorado Rapids and a share in Premier League's Arsenal F.C. Stephen Bisciotti, Baltimore Ravens (NFL) At 48, Stephen Bisciotti is one of the NFL's youngest owners. He made his money in staffing -- specifically, finding talented engineers for the aerospace industry. With Jim Davis, Bisciotti founded Aerotek in 1983 (he was 23). Their staffing company, now known as the Allegis Group, had revenues of $4.4billion in 2005. Bisciotti bought 49 percent of the Ravens in 2000, and purchased the rest from Art Modell in 2004 http://www.cnn.com/2009/LIVING/workl...ers/index.html
Posts: 5,753

01-12-2009, 10:06 AM	#2
BigChiefFan MVP Join Date: Feb 2001 Location: In the Top 10 Casino cash: $9924205	Putin took one of Kraft's SB rings? Wow. __________________ A 35 year drought can make you thirsty.
Posts: 15,777