Robert K. Kraft

from Wikipedia, the free encyclopedia
Robert K. Kraft, 2008

Robert K. Kraft (born June 5, 1941 in Brookline , Massachusetts ) is an American sports official and the owner of Gillette Stadium in Foxborough , Massachusetts, as well as the teams located there, New England Patriots ( NFL ) and New England Revolution ( MLS ) .

Kraft is the owner of The Kraft Group, which operates in the paper and packaging industry . In 2011 he was elected to the American Academy of Arts and Sciences . As of September 2019, his net worth was $ 6.9 billion.

Life

Kraft was born in Brookline, Massachusetts . His father - Harry Kraft, a clothing manufacturer in Boston's Chinatown - was a volunteer leader of the Kehillath Israel Jewish community in Brookline and wanted his son to become a rabbi . The Krafts were practicing Orthodox Jews . Robert grew up in Brookline and attended the Edward Devotion School. In 1959 he graduated from Brookline High School as president of the senior class. Kraft was unable to participate in many physical activities during high school because they coincided with his Hebrew class or the Sabbath .

Kraft attended Columbia University , where he was the class speaker . During his time at the University of force joined the Zeta Beta Tau fraternity at and was "running back" and "safety" in football teams. On February 2, 1962, Kraft met Myra Hiatt at a deli in Boston's Back Bay . They married in June 1963. Kraft graduated from university that same year. In 1965 he received a Master of Business Administration (MBA) from Harvard Business School .

At the age of 27, Kraft was elected chairman of the Newton Democratic City Committee. In 1970, he considered running in the primaries against Democratic Congressman Philip J. Philbin , but decided against it because entering politics would have placed a burden on the family and a loss of privacy. The suicide of his friend, Democratic MP, H. James Shea, Jr., also deterred him from going into politics.

Business career

Kraft began his career with the Rand-Whitney Group, a Worcester packaging company run by his father-in-law, Jacob Hiatt. In 1968 he bought the company and is still its chairman. In 1972 he founded International Forest Products. Together, the two companies formed the largest private paper and packaging companies in the United States . Kraft said he started the company on a hunch that the growth of international communications and transportation would lead to an expansion of global trade in the late twentieth century.

In 1997 International Forest Products was recognized as one of the top 100 exporters and importers . In 2013, the company was ranked 20th in this category in the Journal of Commerce . In 1991, Kraft said of the business, “We work for a lot of companies including Avon Products , Kodak , cosmetics companies, candy and toys.” The company made both corrugated cardboard and folding boxes “which are used to move everything from rockets to mint tablets to pack Estée Lauder , Indian glass and Polaroids ”. Kraft was also interested in other business areas and eventually founded the Kraft Group in 1998.

Kraft invested in New England Television Corp., which took control of WNAC-TV in 1982. In 1983 Kraft became a board member and the broadcaster became WNEV-TV. In 1986 he became chairman of the board. In 1991, Kraft took the opportunity to sell its shares for an estimated $ 25 million.

Sports teams

Boston Lobsters and First Bids for Sports Teams

In 1974 Kraft and five partners bought the World Team Tennis (WTT) series Boston Lobsters . The group invested heavily to sign some very good players, including Martina Navrátilová . This made the Lobsters one of the best teams in the WTT. At the end of the 1978 season, Kraft announced that the team would be disbanded; the league itself was also closed shortly afterwards.

After the Lobsters were dissolved, Kraft tried twice to buy the New England Patriots . First seen in 1988 by the bankrupt Sullivan family. He was also a bidder for the Boston Red Sox and the Boston Celtics .

New England Patriots

As a Patriot fan, Kraft had always had a season ticket since 1971, since the team had moved to what was then the Schaefer Stadium . In 1985, Kraft bought a ten-year option to Foxboro Raceway, a horse racing track adjacent to the stadium. That purchase prevented the Patriots owner, Billy Sullivan, from hosting unrelated Patriots-related events at the stadium during the races. The Sullivans owned the stadium but not the surrounding land, and Kraft took advantage of that fact. This was the beginning of the battle for the stadium and the Patriots themselves. The Sullivans had a number of bad investments, most notably The Jackson Five 1984 Victory Tour , for which they had to mortgage Sullivan Stadium as security. These problems ultimately forced Sullivan to sell the majority stake to Victor Kiam in 1988 . Nevertheless, bankruptcy had to be filed for the stadium in the end.

In 1988, Kraft outbid several competitors, including Kiam, and bought the stadium from the bankruptcy court for $ 22 million . The stadium was generally viewed as outdated and worthless, but the contract included not only the stadium itself, but also the lease with the Patriots, which ran until 2001. That lease came into effect and ended Sullivan's three-decade association with the Patriots. When Sullivan and Kiam tried to relocate the Patriots to Jacksonville , Kraft prevented the lease from being terminated. Bad investments then forced Kiam to sell the Patriots to James Orthwein.

Ever since Orthwein bought the team in 1992, there have been constant rumors that he wanted to relocate the Patriots to St. Louis . Orthwein offered Kraft 75 million USD to buy the Patriots out of the ongoing lease at the newly named Foxboro Stadium . If Kraft had accepted this offer, the last major hurdle to relocating the team would have been overcome. However, Kraft declined the offer.

After 1994 Orthwein was no longer interested in continuing the team in New England in the long term and decided to sell. Due to the conditions of the current lease, every future buyer had to deal with Kraft. With that in mind, Kraft offered $ 172 million for the team and Orthwein accepted. At the time, it was the highest price ever paid for an NFL team. Years later, Kraft shared that it was his passion for the patriots that led him to break every one of his financial rules. He also stated that he always keeps a Victory Tour poster among his mementos as a reminder that it enabled him to fulfill his dream of becoming the owner of a major league team.

After the NFL approved the sale, the Patriots home games were sold out for the entire 1994 season, the first complete sell-out in the team's history. Every home game (including preseason, main season and playoffs) has been sold out since then.

In 1998, Kraft considered moving the Patriots to Hartford, Connecticut , after the Connecticut State offered to fund a new stadium in downtown Hartford. On April 30, 1998, Kraft canceled this contract shortly before it became binding and instead decided to build a new stadium in Foxborough with the support of the Commonwealth of Massachusetts Infrastructure Funding Program .

In 2002, a $ 350 million, privately funded, Kraft-funded stadium was built for the Patriots, originally called CMGI Field (later renamed Gillette Stadium ). In 2007, Kraft began developing the land surrounding Gillette Stadium, building a $ 375 million shopping and entertainment center called Patriot Place. This consisted of "The Hall at Patriot Place presented by Raytheon", a multi-storey museum with a hall of fame , which were added to the stadium, and the "CBS Scene", a CBS themed restaurant.

In Kraft's property, the Patriots saw a fresh start and continued success. While they made it to Super Bowl XX under the owners Sullivan, this was only one of six playoff appearances in 34 years. Since Kraft bought the team, however, they have made it into the playoffs 18 times in 23 years. They won the AFC East title in 1996, 1997, 2001, 2003, 2004, 2005, 2006, 2007, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017 and 2018. They represented the AFC in Super Bowl in the following seasons: 1996 (lost), 2001 (won), 2003 (won), 2004 (won), 2007 (lost), 2011 (lost), 2014 (won), 2016 (won), 2017 (lost ) and 2018 (won). The Patriots ended seasons with 14-2 game wins in 2003, 2004, 2010 and 2016 after never winning more than 11 games before Kraft bought the team. They finished the 2007 season 16-0 before losing to the New York Giants in Super Bowl XLII .

Kraft was one of the main culprits in the 2011 NFL collective bargaining process . Jeff Saturday, NFLPA Representative, praised Kraft for his role in the negotiations, saying of him: “Without him this agreement would not have come about, he is a man who can help us helped save the football. "

In 2005 it was reported that Russian President Putin took one of Kraft's three Super Bowl rings . In response, Kraft issued a quick statement stating that he had given Putin the ring as a token of respect and admiration for the Russian people and Putin's leadership. Kraft later stated that his earlier statement was incorrect and was issued under pressure from the White House . The ring is exhibited in the Kremlin along with other state gifts .

Soccer

In 1996, Kraft founded the New England Revolution , a founding member of Major League Soccer . They play alongside the Patriots at Foxboro Stadium.

In November 2005, Kraft met with the chairman of the board of directors of the English Premier League football team, Liverpool FC , Rick Parry. It was rumored that Kraft was interested in investing money in the 2004/05 Champions League winners. Kraft told BBC Radio 5 Live , “Liverpool is a great brand and this is something that our family respects very much. We are always very interested in new opportunities and growth. So you never know what can happen. ”In the end, however, the club was sold to the Americans George Gillett and Tom Hicks . Today Liverpool is owned by the Fenway Sports Group , which also owns the Boston Red Sox .

In October 2017, Kraft stated that he was still intrigued by the opportunity to buy a football club in the Premier League . However, he is concerned that there is no upper salary limit in English football.

In 2017, Kraft was named honorary chairman of the joint Canadian-Mexican-American bid for the 2026 World Cup .

eSports

In July 2017, Blizzard Entertainment announced that Kraft had acquired ownership rights to Boston Uprising, one of the first seven teams in the professional esports Overwatch League . You would be playing in the first season of the Overwatch League. The league's preseason started on December 6, 2017 and the regular season started on January 10, 2018.

Charity

The Krafts have donated over US $ 100 million to a variety of charities including education, health care, child and women's welfare projects, and youth sports. In 1990, Kraft, his wife, and father-in-law founded a joint chair at Brandeis University and the College of the Holy Cross . They created an endowed professorship in comparative religious studies . This was the first interfaith endowed professorship in the USA.

In 2011, Partners HealthCare's Krafts pledged $ 20 million to establish the Kraft Family National Center for Healthcare Leadership and Training . This initiative is designed to improve access for citizens to good quality health care in medical centers in New England . Among the many institutions the Krafts have supported include Columbia University , Harvard Business School , Brandeis University , College of the Holy Cross , Boston College , Tufts University , Belmont Hill School, Boys & Girls Clubs from Boston, and the Dana Farber Cancer Institute in Boston. In 2007, Columbia University's new field was named Robert K. Kraft Field in recognition of a $ 5 million donation to the university's sports program.

One of their most distinctive projects is supporting American football in Israel , including the Kraft Family Stadium in Jerusalem and the Kraft Family Israel Football League. In 2017, Kraft announced a $ 6 million donation to build the first football field in Israel to be of the required size. In June 2017, Kraft traveled to Israel with several other members of the NFL Hall of Fame to attend the opening of the new Kraft Family Sports Crampus .

He has received numerous honorary degrees from various universities and colleges and the highest distinction of the NCAA : the Theodore Roosevelt Award , which is given annually to a respected citizen for outstanding achievements.

In 2011, Kraft was accepted into the American Academy of Arts and Sciences .

In 2012, he became the first NFL owner in the award's 43-year history to be selected for a George Halas Award from the Pro Football Writers of America. This award is given annually to the NFL player, coach or employee who overcomes most adversity to be successful. Following the April 15, 2013 attack on the Boston Marathon , Kraft announced that it would raise $ 100,000 in donations through the New England Patriots Charity Foundation for the victims of the attack.

Personal

In June 1963, Kraft married Myra Nathalie Hiatt, a 1964 graduate of Brandeis University and the daughter of businessman and philanthropist Jacob Hiatt. She died of ovarian cancer at the age of 68 . In their memory, all Patriots wore a patch with the initials of the Krafts (MHK) on their jerseys in the 2011–2012 season. They have four sons together:

  • Jonathan A. Kraft, born March 4, 1964, President of the Kraft Group and the New England Patriots
  • Daniel A. Kraft, President of International Forest Products; founded by his father in 1972
  • Joshua Kraft, President and Chief Executive Officer of the Boys & Girls Club of Boston
  • David Kraft

In June 2012, Kraft began dating actress Ricki Noel Lander. In July 2012, he helped her direct the video for an audition for a role in The Internship, starring Vince Vaughn and Owen Wilson . In the video, Kraft reads the role of Owen Wilson, he dances a bit, curses and gets a freak out. After an anonymously sent copy of the video was received on the Barstool Sports website, it became known very quickly and even discussed on evening television. Kraft issued a statement saying, "I was just trying to help Ricki put together an audition video ... I never intended to get this public and I regret it did . I think we can all agree that Owen Wilson has nothing to fear. I'll stick to my work. "

In February 2019 , a police investigation began in Jupiter , Florida , against Kraft on suspicion of promoting prostitution . His spokesman said about the allegations that Kraft categorically denies any involvement in illegal activities.

Prizes and awards

capital

With a fortune of 6.6 billion US dollars , he finished 2018 ranked number 79 on the October Forbes list of the 400 richest Americans.

Web links

Commons : Robert K. Kraft  - Collection of images, videos and audio files

Individual evidence

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