Jerry Reinsdorf

Jerry M. Reinsdorf (born February 25, 1936) is a CPA, lawyer and an owner of the NBA's Chicago Bulls and the MLB's Chicago White Sox. He started his professional life as a tax attorney with the Internal Revenue Service. He has been the head of the White Sox and Bulls for over 25 years.

He made his initial fortune in real estate, taking advantage of the Frank Lyon Co. v. United States decision by the United States Supreme Court which allowed economic owners of realty to sell property and lease it back, while transferring the tax deduction for depreciation to the title owner.

As the owner and chairman of the Chicago Bulls since 1985, he has turned the franchise into a lucrative business that won six NBA Championships in the 1990s (1991–1993 and 1996–1998). He is controversial for his involvement (along with Jerry Krause) in breaking up the championship team by not hiring back Phil Jackson. He hired Michael Jordan as a baseball player during his sabbatical from basketball. He also moved the Bulls from Chicago Stadium to the United Center.

As a baseball owner since 1981, he has brought success to the White Sox franchise. The franchise made the playoffs in 1983 for the first time since 1959 and won the World Series in 2005 for the first time since 1917. He moved the White Sox from Comiskey Park to New Comiskey Park in 1991, which was renamed U.S. Cellular Field in 2003, and once again to Guaranteed Rate Field in 2016. In both sporting endeavors, he has developed a reputation as an anti-labor union hardliner. Since the early 1990s, he has been considered one of the most, if not the most, influential basketball owners. He has been influential in instituting the salary cap and revenue sharing.

On April 4, 2016, Reinsdorf was elected to the Naismith Memorial Basketball Hall of Fame as a contributor.[3]

Jerry Reinsdorf
BornFebruary 25, 1936 (age 83)
EducationGeorge Washington University
Northwestern University School of Law
OccupationOwner of Chicago White Sox and Chicago Bulls
Net worthUS$1.4 billion (January 2019)[1]
Spouse(s)Martyl F. (Rifkin, December 29, 1956)
ChildrenDavid Jason (deceased)[2]
Susan Janeen
Michael Andrew
Jonathan Milton
Parent(s)Max and Marion (Smith) Reinsdorf

Background

Reinsdorf was born to a Jewish family in Brooklyn, New York.[4][5] He attended Erasmus Hall High School in Brooklyn,[6] and he was the son of a sewing machine salesman.[7] A lifelong baseball fan who grew up in the shadows of Ebbets Field,[8] Reinsdorf was in the stands the day Jackie Robinson debuted for the Brooklyn Dodgers, breaking the color barrier which prevented black players from serving on Major League teams.[9]

Reinsdorf earned a bachelor's degree from George Washington University in Washington, D.C.[10] where he became a member of Alpha Epsilon Pi.[11] He subsequently moved to Chicago in 1957.[10] Reinsdorf became a CPA and lawyer[12] as well as a registered mortgage underwriter and a certified review appraiser.[10][13] He leveraged a full scholarship offer from the University of Chicago Law School into a scholarship from the Northwestern University School of Law.[8] His first job after graduating from Northwestern in 1960 was a tax delinquency case of Bill Veeck who at the time owned the White Sox.[7] In 1964, Reinsdorf went into private practice. He developed a specialty in real estate partnership tax shelters. He sold his business interests in the real estate partnership in 1973 and formed Balcor, which raised US$650 million to invest in buildings under construction. He sold Balcor in 1982 for $102 million to Shearson Lehman Brothers, the investment banking and brokerage arm of American Express.[7] However, he continued to be President of the company for several years thereafter.[14]

Sports ownership

New purchases

In 1981 he was wealthy enough to purchase the White Sox for $19 million.[7] The purchase was brokered by American National Bank who arranged for a limited partnership.[15] He followed previous eccentric White Sox owners Charles Comiskey, who was known as a miser, and Veeck, who was known as a prankster who gutted the team by trading away promising prospects.[16][17] Soon after buying the White Sox, he signed Greg Luzinski and Carlton Fisk. He also tripled the team promotional budget and increased the number of team scouts from 12 to 20. By the 1983 Major League Baseball season the White Sox made the playoffs with the best record in the Major Leagues.[7][17] The team initially signed a television deal with the newly founded Sportsvision under the new leadership of Chairman Reinsdorf and Vice Chairman Eddie Einhorn, but that arrangement quickly fizzled.[18] Einhorn continued as Vice Chairman of the White Sox until his death in 2016.[19]

In 1985, following in the footsteps of Einhorn who had purchased a United States Football League franchise in 1984,[20] he purchased the Chicago Bulls as part of a syndicate for US$16 million and quickly turned the team from one that averaged 6,365 fans per game at the 17,339-seat Chicago Stadium in 1985 into one with an 8,000-person season ticket waiting list.[7] He did so by drafting Horace Grant and Scottie Pippen, and trading for Bill Cartwright to join John Paxson and Michael Jordan under the tutelage of head coach Doug Collins. In 1989, the team signed Phil Jackson as the final piece of the championship puzzle.[21] From November 20, 1987 through Jordan's 1999 retirement, the Bulls sold out every game.[22]

In the months prior to the purchase, Milwaukee businessman Marvin Fishman had been awarded a $16.2 million judgment against the Bulls.[23] Fishman had been illegally blocked from purchasing the team in 1972.[24] Reinsdorf purchased the team from an ownership group that included Lamar Hunt, George Steinbrenner, Walter Shorenstein, Jonathan Kovler, Lester Crown, Philip Klutznick, and the estate of Arthur Wirtz,[20] and he held a $9.2 million controlling interest in the team.[22] Reinsdorf's share of 56.8% of the team was purchased from Klutznick, Steinbrenner, Shorenstein and the estate of Wirtz.[25] His purchase ended an era in which the Bulls were managed by committee with decisions by conference call, verdicts by vote.[26] Reinsdorf acquired his majority interests on March 11, 1985 and Kovler sold his 7% stake in the team on January 29, 1986, bringing Reinsdorf's interest to 63%.[27][28] The following week Reinsdorf ousted Rod Thorn as general manager and replaced him with Jerry Krause.[29]

Ownership history

The White Sox have won American League regular season Division Championships in 1983, 1993, 2000, 2005 and 2008 under Reinsdorf and they won the 2005 World Series.[4] In addition, they were in first place of the central division at the conclusion of the strike-shortened 1994 Major League Baseball season.[4] The World Series victory made him only the third owner in the history of North American sports to win a championship in two different sports. The baseball championship boosted the value of the franchise to over $300 million.[16] When Reinsdorf signed Jordan after Jordan's announcement that he wanted to play baseball, many thought Jordan's drawing power provided an ulterior motive.[31] Reinsdorf, however, had tried to convince Jordan not to give up basketball,[32] but he did not attempt to make Jordan the highest paid player in the game like some feel he should have.[33]

As a basketball owner, he has been described by Time as a "cheapskate",[34] a reference they also use for his baseball persona.[35] As of 1995, the time when Scottie Pippen was eager to either be traded or be rid of Krause, he had never renegotiated a contract.[33] As a baseball owner, he has had a reputation as one of the most militant, anti-union, hard-line owners.[13][36][37] Newsweek described him as "one of the hardest heads in the 1994 baseball strike".[33] In the baseball offseason between the 1992 and 1993 seasons, he completely abstained from the free agent market.[38] Reinsdorf was one of the last holdouts to the 1996 labor agreement that instituted the salary cap while retaining arbitration rights for the players.[39][40] His 1996 signing of Albert Belle made news because of his widely publicized general opposition to spiraling player salaries.[13] The $55 million signing was a turning point in the decision by the baseball owners to agree to revenue sharing.[41] The signing also made Reinsdorf the employer of the highest paid Major League Baseball player and highest paid professional basketball player (Jordan) at the same time.[13] Reinsdorf had just re-signed Jordan after the 1995–96 NBA season.[42] However, Jordan had been underpaid most of his career,[43] and Reinsdorf, who did not feel he could justify the $30 million salary from a business standpoint,[44] immediately realized he was going to soon feel buyer's remorse.[45] Even his most successful baseball team was not highly paid: when the White Sox won the 2005 World Series, Reinsdorf had the 13th highest payroll of the 30 Major League Baseball teams.[35]

After Reinsdorf purchased the team in 1981, the team experienced erosion of fan and media support which led to moving the team.[17] He complained about old Comiskey Park with its foible such as numerous obstructed view seats and threatened to move the White Sox.[46] Among his threats was moving the team to Itasca or Addison, Illinois in DuPage County.[46][47] Reinsdorf, through his real estate business, purchased 100 acres (400,000 m2) in Addison.[48] Chicago Mayor Harold Washington lobbied the Illinois legislature,[46] and subsequently then-Illinois Governor James R. Thompson promoted a package of incentives to retain the team in Chicago. The state floated bonds to build New Comiskey Park and let Reinsdorf keep all parking and concession revenues, as well as the $5 million per year from 89 skyboxes.[7] Reinsdorf and Chicago Blackhawks owner, William Wirtz contributed $175 million to fund the construction of the largest arena in the United States.[49] When the United Center opened in 1994 all of the skyboxes were leased for up to eight years.[50] As per the collective bargaining agreement, Reinsdorf was allowed to exclude 60% of luxury suite revenue from "basketball-related income" and thus it is not part of the revenue sharing income.[51]

Reinsdorf is a powerful baseball owner who in 1988 stopped the sale of the Texas Rangers and later influenced the sale of the Seattle Mariners.[7] Edward Gaylord and Gaylord Entertainment Company had first attempted to buy the Rangers in 1985.[52] Reinsdorf was also said to be largely responsible for the ousting of Fay Vincent as the Commissioner of Baseball in 1992.[53][54] He had previously undermined Vincent by employing Richard Ravitch as the league's labor negotiator at a salary higher than Vincent's.[7][55] By the early 1990s, Reinsdorf and acting Baseball commissioner (as well as Milwaukee Brewers owner) Bud Selig had assumed baseball's mantle of power from Atlanta Braves owner, Ted Turner, and New York Yankees owner, George Steinbrenner, who had in turn taken over the sport from Brooklyn/Los Angeles Dodgers owner, Walter O'Malley, St. Louis Cardinals owner, Gussie Busch, and Oakland Athletics owner, Charlie O. Finley.[56]

In the 1980s, Reinsdorf, Bud Selig and the American League President colluded to dissuade the Philadelphia Phillies from signing Lance Parrish who was a Detroit Tigers free agent.[57] During the strike, Reinsdorf, who was an anti-union hard-liner,[37] was so pessimistic that he did not expect baseball to resume until the 1996 Major League Baseball season.[58] In the early 1990s he was able to get new stadiums (United Center and New Comiskey Park) for his teams.[59]

Some fans and columnists have accused Reinsdorf of breaking up the championship Bulls team after their third straight title and sixth in eight years, claiming the Bulls could have competed for more titles with Michael Jordan, Scottie Pippen and good support from the rest of the team that in the eight-year span included Dennis Rodman, Horace Grant, Toni Kukoč, Ron Harper, BJ Armstrong, and coach Phil Jackson. Some accounts claim that because Jackson feuded with both Reinsdorf and Krause and because both Jordan and Pippen were linked to Jackson, the team was broken up.[34] Forbes describes the scenario as an example of owner greed.[60] Many note that Phil Jackson's decision not to return as coach and Jordan's retirement during the 1998–99 NBA season lockout impacted the decisions of several players on whether to return to Chicago.[61] Krause and Reinsdorf had held out hope that they could convince Jackson and Jordan to return and thus had introduced Tim Floyd as President of Chicago Bulls Basketball Operations instead of head coach.[62] Reinsdorf had made it clear to Jackson that he was wanted back.[63]

Reinsdorf was one of two bidders for the Phoenix Coyotes that would commit to not relocating the team.[64] On July 29, 2009 Reinsdorf and his group were approved for ownership of the Coyotes for $148 million.[65] In August 2009, it was reported that Jerry Reinsdorf & Ice Edge LLC had dropped its bid for the Coyotes, leaving only Balsillie and the NHL as bidders for the team.[66] The NHL bid ultimately prevailed, however the league stated it wished to re-sell the franchise as soon as possible. On March 24, 2010, it was reported that Reinsdorf was once again a possible buyer for the Phoenix Coyotes.[67] Reinsdorf had been working out an arrangement to make the deal more feasible with the municipality of Glendale, Arizona.[68] As late as August 2011, negotiations between Reinsdorf and the City of Glendale were still in process for the purchase of the Coyotes.[69] However, in 2013, the Coyotes were sold to IceArizona, a group of investors that did not include Reinsdorf.

Legacy

Reinsdorf is largely responsible for the revenue sharing of the internet rights of Major League Baseball in which all teams have shared equally since Major League Baseball Advanced Media (known as BAM) was established in 2000.[70] Reinsdorf also endeavored to sell the naming rights to the New Comiskey Park to U.S. Cellular in a $68 million 20-year deal that funded a 7-year $85 million overhaul of the stadium that ended prior to the 2008 Major League Baseball season. The overhaul included the removal of top rows of the upper deck, replacement of the baby blue seats with traditionally-colored green ones and dozens of other upgrades.[71] Prior to the seven-year overhaul, the 2001 White Sox barely broke even financially with a $700,000 operating profit on revenues of $101.33 million.[72]

Reinsdorf won a major revenue sharing legal battle with other NBA owners over the Chicago Bulls broadcasts on WGN-TV. The 55 game schedule on the superstation for an audience of 35 million competed with the NBA broadcasts, but Reinsdorf was permitted to maintain the contract.[7] As recently as 2004, the Bulls continued to be the NBAs most profitable team, earning $49 million in operating income and having an estimated valuation of $356 million.[73]

Reinsdorf feels that if Major League Baseball Players Association chief, Donald Fehr, had not opposed steroid testing, baseball would have taken a stand against steroid use much sooner. He feels that in the end this delayed action will cost some players election into the National Baseball Hall of Fame.[74]

Accolades and service

Reinsdorf has been involved (along with the likes of Playboy Enterprises' Christie Hefner) in Chicago Mayor Richard M. Daley's initiative to improve standardized test scores in the 559 Chicago Public Schools.[75] He has been involved in other extensive charitable work including those of CharitaBulls and White Sox Charities. His philanthropy and community development have been notable in the Near West Side community area near the United Center.[10] Twice the White Sox Charities has donated $1 million to the Chicago Park District with particular attention to funding baseball and softball fields.[4]

Reinsdorf was inducted into the Appleton, Wisconsin Baseball Hall of Fame on August 5, 2006 in a ceremony at Fox Cities Stadium prior to that evening's game between the Midwest League Wisconsin Timber Rattlers and Beloit Snappers. He was so recognized because a former Minor League club, the Appleton Foxes, was a Chicago White Sox affiliate and won three consecutive Midwest League Championships in the early years of Reinsdorf's ownership.[76]

In 2011, Reinsdorf received a Jefferson Award for Public Service. He was recognized for "Greatest Public Service Benefiting the Disadvantaged" based on philanthropic efforts through the Chicago White Sox Charities and CharitaBulls.[77]

He has been a member of the board of directors of Shearson Lehman Brothers, Inc., the Northwestern University Law School Alumni Association, LaSalle Bank, EQ Office and numerous other corporations and charities. He currently serves as a Life Trustee of Northwestern University. Reinsdorf and his wife, Martyl (née Rifkin), have four children and eight grandchildren.[10][78]

Throughout the years Reinsdorf has been active in the affairs of baseball, serving on the Executive Council and Ownership, Long Range Planning, Restructuring, Expansion, Equal Opportunity, Strategic Planning, Legislative and Labor Policy Committees of Major League Baseball, he also serves on the Boards of MLB Advanced Media and MLB Enterprises.[4]

Other businesses

In 2013, Reinsdorf partnered with Mark Sullivan, Noah Kroloff, Dennis Burke, David Aguilar, and John Kaites to found Global Security and Innovative Strategies.[79]

References

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Further reading

  • Ruttman, Larry (2013). "Jerry Reinsdorf: Owner of the Chicago White Sox and the Chicago Bulls". American Jews and America's Game: Voices of a Growing Legacy in Baseball. Lincoln, Nebraska and London, England: University of Nebraska Press. pp. 293–303. ISBN 978-0-8032-6475-5.
1981 Chicago White Sox season

The 1981 Chicago White Sox season was the White Sox's 81st season in the major leagues, and their 82nd season overall. They finished with a record 54-52, good enough for 3rd place in the American League West, 8.5 games behind the 1st place Oakland Athletics. However, due to a player's strike, the Athletics would play the 50-53 Kansas City Royals, who had finished behind the White Sox.

Owner Bill Veeck attempted to sell the club to Ed DeBartolo, but the offer was turned down by the other owners. Veeck was then forced to sell to a different investment group headed by Jerry Reinsdorf and Eddie Einhorn.

1984–85 Chicago Bulls season

In the summer of 1984, the team's fortunes changed when it received the third pick of the NBA draft, after Houston and Portland. The Rockets selected Hakeem Olajuwon, the Blazers selected Sam Bowie, and the Bulls picked shooting guard Michael Jordan out of the University of North Carolina.

The team, with new management in owner Jerry Reinsdorf and Jerry Krause in the front office, decided to rebuild around Jordan. Jordan set franchise records during his rookie campaign for scoring (3rd in the league) and steals (4th in the league), and led the Bulls back to the playoffs, for which he was rewarded with a berth on the All-NBA second team and NBA Rookie of the Year Award.

Ann Walton Kroenke

Ann Walton Kroenke (born December 18, 1948) is an heiress to the Walmart fortune. Kroenke and her sister, Nancy Walton Laurie, inherited stock from her father, Bud Walton (died 1995), who was the brother and an early business partner of Walmart founder Sam Walton. She is the owner of the Denver Nuggets of the NBA and Colorado Avalanche of the NHL.Her husband, Stan Kroenke, is the majority owner of the Los Angeles Rams (NFL), Arsenal (English Premier League), Colorado Rapids (Major League Soccer), and Colorado Mammoth (National Lacrosse League).

Chicago White Sox

The Chicago White Sox are an American professional baseball team based in Chicago, Illinois. The White Sox compete in Major League Baseball (MLB) as a member club of the American League (AL) Central division. The White Sox are owned by Jerry Reinsdorf, and play their home games at Guaranteed Rate Field, located on the city's South Side. They are one of two major league clubs in Chicago; the other is the Chicago Cubs, who are a member of the National League (NL) Central division.

One of the American League's eight charter franchises, the franchise was established as a major league baseball club in 1901. The club was originally called the Chicago White Stockings, but this was soon shortened to Chicago White Sox. The team originally played home games at South Side Park before moving to Comiskey Park in 1910, where they played until Guaranteed Rate Field (originally known as Comiskey Park and then known as U.S. Cellular Field) opened in 1991.

The White Sox won the 1906 World Series with a defense-oriented team dubbed "the Hitless Wonders", and the 1917 World Series led by Eddie Cicotte, Eddie Collins, and Shoeless Joe Jackson. The 1919 World Series was marred by the Black Sox Scandal, in which several members of the White Sox were accused of conspiring with gamblers to fix games. In response, Major League Baseball's new Commissioner Kenesaw Mountain Landis banned the players from Major League Baseball for life. In 1959, led by Early Wynn, Nellie Fox, Luis Aparicio and manager Al López, the White Sox won the American League pennant. They won the AL pennant in 2005, and went on to win the World Series, led by World Series MVP Jermaine Dye, Paul Konerko, Mark Buehrle, catcher A. J. Pierzynski, and the first Latino manager to win the World Series, Ozzie Guillén.

For 1901-2018, the White Sox have an overall record of 9211-9126 (a 0.502 winning 'percentage').

David V. Aguilar

David V. Aguilar is the former Deputy Commissioner of U.S. Customs and Border Protection. In this position, he oversaw more than 43,000 Federal Agents and Officers. As the nation's highest ranking Border Patrol Agent, Aguilar managed the nation's border control policing. Aguilar retired on Feb. 8, 2013.Aguilar is a supporter of "comprehensive immigration reform" but told his membership that he does not support "amnesty" or "legalization."Aguilar has been accused by a whistleblower of hindering internal investigations into Border Patrol corruption.On March 31, 2013 David V. Aguilar retired after 35 years with U.S. Customs and Border Protection and the United States Border Patrol. After his retirement, Aguilar partnered with Noah Kroloff, Dennis Burke, Mark Sullivan, John Kaites and Jerry Reinsdorf to found Global Security and Innovative Strategies.

George McCaskey

George Halas McCaskey is the current chairman of the NFL's Chicago Bears, who replaced his brother Michael McCaskey as chairman in 2011.

George Washington University School of Business

The George Washington University School of Business (known as GW School of Business or GWSB) is the professional business school of the George Washington University in Washington, D.C. The GW School of Business is ranked as one of the top business schools in the United States, with globally ranked undergraduate and graduate programs. GW's campus is also adjacent to some of the world's leading financial institutions, including the Federal Reserve, World Bank, and International Monetary Fund.U.S. News & World Report ranks GWSB's international business program as 8th best in the world, its healthcare MBA as 16th best, its MBA program as 51st best, and its undergraduate business program as 38th best. The Financial Times ranks GWSB as the 47th best business school in the United States. Among the school's alumni are numerous prominent public and business figures, including Lee Kun-hee (Chairman of the Samsung Group), Faure Gnassingbé (current President of Togo), Ted Lerner (owner of the Washington Nationals), Jerry Reinsdorf (owner of the Chicago Bulls and the Chicago White Sox), Peter Pace, former Chairman of the Joint Chiefs of Staff , and Ina Garten, celebrity chef and author.

Hoover Metropolitan Stadium

Hoover Metropolitan Stadium (The Hoover Met), is a former minor league baseball park located in the Birmingham, Alabama, USA, suburb of Hoover. It was home of the Birmingham Barons of the Southern League from 1988 to 2012, replacing historic Rickwood Field in Birmingham. The stadium also serves as the home for the SEC Baseball Tournament, as well as the primary home for Hoover High School football. It is located in the Birmingham-Hoover Metropolitan Area near Interstate 459 at Exit 10 just off Alabama State Route 150. The stadium is located three miles from the Riverchase Galleria, one of the south's largest shopping centers.

The seating capacity is 10,800 for baseball and can accommodate up to 16,000 when the patio, banquet, and grassy side areas are used. The stadium also houses 12 suites and state-of-the-art dressing and training rooms. The stadium also features a meeting/banquet room named for Michael Jordan, who played for the Barons during his brief foray into professional baseball, during which time the stadium experienced its largest crowds for professional baseball. (The Barons were at the time an affiliate of the Chicago White Sox, which Jordan's business interests with owner Jerry Reinsdorf were related. Also, the Southeastern Conference games are very widely attended)

The City of Hoover operates the stadium and an adjacent recreational vehicle (RV) park.

The Hoover Met hosted the AVP Birmingham Open on July 13–16, 2006, the first beach volleyball tournament to ever be played in Alabama. The feature court was above the baseball diamond as well as eight other courts on the field, made of 222 tons of sand per court.

The stadium also played host to the 2011 and 2012 NCAA Division I Men's Soccer Championship.

Along with Birmingham city officials, the Barons announced plans in November 2010 to return to Birmingham with a new field to be constructed downtown, near the University of Alabama at Birmingham campus. Pending contract negotiations and construction, play at the new field was originally expected to begin with the 2012 season. Due to site selection, financing issues, and problems obtaining all of the land sought by the developers the move was delayed until the 2013 season.On December 20, 2012, the City of Hoover announced a change in name changing the name of the ballpark back to its original name, "The Hoover Metropolitan Stadium". The name change took effect on January 1, 2013.

The Hoover Met hosted the Alabama Crimson Tide during the 2015 season while its on-campus stadium in Tuscaloosa, Sewell–Thomas Stadium, underwent major renovations. As part of the agreement, outfield fences were moved in to more closely match the dimensions of TD Ameritrade Park Omaha, home of the College World Series. The new configuration remained in place for the 2015 Southeastern Conference Baseball Tournament.

JMB Realty

JMB Realty Corporation is an American real estate investment company based in Chicago that at one time was one of the largest property developers in the United States. The company was founded as Robert Judelson & Co. in 1968. In 1969 Judelson (born 1939) was joined by University of Illinois roommates Neil Bluhm (born 1938) and Judd Malkin (born 1938).Judelson split from the partnership in 1973 to form a real estate company Balcor Company with Jerry Reinsdorf. Bluhm became chairman and Malkin would be president. Judelson and Malkin were among the Reinsdorf consortium that bought the Chicago White Sox in 1981 and Chicago Bulls in 1984 In 1983 JMB acquired the structures that housed Federated Department Stores. In 1984 it acquired Urban Development from Aetna for $1.4 billion In 1988 it acquired Amfac, a large Hawaii sugar cane land owner for $920 million and has since sold off much of the property as the Hawaii sugar cane industry has been dismantled. Among the assets was the department store Liberty House, which went into bankruptcy before being acquired by Federated. Amfac went into bankruptcy in 2002. One of the companies that emerged from the bankruptcy is Xanterra, a management company in United States National Parks. The Anschutz Company bought Xanterra from JMB in 2008.

List of Chicago Bulls head coaches

The Chicago Bulls are an American professional basketball team based in Chicago, Illinois. They are a member of the Central Division of the Eastern Conference in the National Basketball Association (NBA). The team is owned by Jerry Reinsdorf and was most recently coached by Jim Boylen. They play their home games in the United Center. The Bulls first joined the NBA in the 1966–67 season as an expansion team. Coached by Johnny Kerr, the team finished its first season with a 33–48 record, the best record achieved by an expansion team in its first year of play, and secured a playoff berth. The Bulls won their first NBA championship in the 1991 NBA Finals while coached by Phil Jackson. They won five additional NBA championships in the 1990s under Jackson.There have been 21 head coaches for the Bulls franchise. Phil Jackson is also the franchise's all-time leader in regular season games coached, regular season games won, playoff games coached, and playoff games won. Jackson and Jerry Sloan are the only Bulls coaches to have been inducted into the Basketball Hall of Fame as a coach. Kerr, Dick Motta, Jackson, and Thibodeau have won NBA Coach of the Year with the team. Ed Badger, Bill Berry, Bill Cartwright, Pete Myers and Jim Boylan have all spent their entire NBA head coaching careers with the Bulls. Sloan, Cartwright, and Myers formerly played for the Bulls.

NBC Sports Chicago

NBC Sports Chicago is an American regional sports network that is owned by the NBC Sports Group unit of NBCUniversal (which owns 20%, and is itself owned by Comcast, the primary cable provider in the Chicago market), the family of Chicago Cubs owner J. Joseph Ricketts (who own 20%), Chicago Bulls and White Sox owner Jerry Reinsdorf (who owns a 40% majority interest), and Chicago Blackhawks owner Rocky Wirtz (who owns 20%).

The channel broadcasts regional coverage of professional sports teams in the Chicago metropolitan area, as well as college sports events and original sports-related news, discussion and entertainment programming. NBC Sports Chicago is available on cable and fiber optic television providers in most of Illinois, and throughout northern Indiana, Iowa, Kenosha County, Wisconsin and southwest Michigan and nationwide on satellite providers DirecTV and Dish Network. The network maintains main studios and offices located at 350 North Orleans Street, inside the River North Point Center in the Near North Side area.

Punchball

Punchball is a sport spawned by and similar to baseball, but without a pitcher, catcher, or bat.The "batter" essentially plays "fungo" without a bat, bouncing or tossing up the ball and then using a volleyball-type approach to put the ball (usually a spaldeen or pensie pinkie) in play, punching the ball with his fist. Stealing and bunting are not allowed.

Historian and baseball enthusiast Stephen Jay Gould referred to it as "the canonical recess game", and in The Boys of Summer baseball writer Roger Kahn described how when he grew up it was a boys game, as the girls played "slapball".Baseball Hall of Famers Jackie Robinson, Sandy Koufax, and Yogi Berra played it growing up, as did sports team owner Jerry Reinsdorf, educator Frank Marascio, Senator Bernie Sanders, and former US Secretary of State and general Colin Powell. Major league outfielder Rocky Colavito, when asked if he played punchball, answered "Play it? Man, that was my game. I liked to play that more than anything else ... anything. We used to play for money, too." It was also a pastime of football announcer Al Michaels, who often played with former Chicago Bears quarterback Sid Luckman.

Reinsdorf

Reinsdorf may refer to:

Reinsdorf, Saxony-Anhalt, a municipality in the district Burgenlandkreis, Saxony-Anhalt, Germany

Reinsdorf, Saxony, a municipality in the district Zwickauer Land, Saxony, Germany

Reinsdorf, Thuringia, a municipality in the district Kyffhäuserkreis, Thuringia, Germany

August Reinsdorf, German anarchist

Jerry Reinsdorf, sports teams owner

Robert Mazer

Robert R. Mazer (August 11, 1923 - October 18, 2013) was an American industrialist, philanthropist and a longtime owner of the Chicago White Sox. Despite being the largest single shareholder of the team, Mazer was not a part of the Jerry Reinsdorf-led investment group that holds a controlling interest in the team. As notable patrons of a number of American Jewish community and political organizations, Mazer and his wife gifted millions of dollars to groups including the Jewish United Fund, World ORT, and AIPAC.

Rocky Wirtz

William Rockwell Wirtz (born October 5, 1952) is the owner of the NHL's Chicago Blackhawks. He is also president of the Blackhawks' parent company, the Wirtz Corporation, a diversified conglomerate headquartered in Chicago.

Wirtz oversees Wirtz Corporation's commercial and residential real estate companies, wine and spirits distributor, formerly Wirtz Beverage Group, now Breakthru Beverage Group, an insurance company and banks in Illinois and Florida. Wirtz is also half-owner of the Blackhawks' home arena, the United Center, along with Chicago Bulls owner Jerry Reinsdorf. He and Reinsdorf are co-chairmen of the arena's Executive Committee.

Toni Kukoč

Toni Kukoč (pronounced [kukotʃ]; born September 18, 1968) is a Croatian retired professional basketball player who is currently Special Advisor to Jerry Reinsdorf, the owner of the Chicago Bulls. After a highly successful period in European basketball, he was one of the first established European stars to play in the National Basketball Association (NBA). He won the NBA Sixth Man of the Year Award in 1996.

Kukoč was renowned for his versatility and passing ability; although his natural position was small forward, he played all five positions on the court with prowess and demonstrated court vision and an outside shooting touch that were found seldom in players of his height. Together with Vassilis Spanoulis, they are the only players in history to achieve the EuroLeague Final Four MVP honor on three occasions. He was elected to the FIBA Hall of Fame in 2017.

White Flag Trade

The White Flag Trade was a trade made between two Major League Baseball teams in 1997. On July 31, 1997, the Chicago White Sox traded three major players to the San Francisco Giants for six minor leaguers. At the time, the trade was maligned by the vast majority of White Sox fans as Jerry Reinsdorf giving up on the team, as they were only ​3 1⁄2 games behind the Cleveland Indians for the American League Central Division lead. "Anyone who thinks we can catch Cleveland is crazy," stated Reinsdorf. In 2000, however, the White Sox won the Central Division title, receiving large contributions from two of the players received in this trade (Keith Foulke and Bob Howry).

Wirtz Corporation

Wirtz Corporation is a United States holding company headquartered in Chicago, Illinois. It was founded in 1922 by Arthur Wirtz as a family-owned corporation to oversee his real estate holdings. The company shortly thereafter expanded into liquor distribution. The company grew significantly throughout the 20th century by purchasing many competing liquor distributors, as well as the Chicago Blackhawks NHL team (becoming full owners in 1966), and the Chicago Bulls NBA team in 1972 (Wirtz Corp. sold the Bulls to Jerry Reinsdorf in 1985). Wirtz Corporation is part owner of the United Center arena, and also owns banking and insurance interests.After founder Arthur Wirtz's death in 1983, his son, William, took control of the corporation and ran it until his death in 2007. The company's current owner and CEO is Rocky Wirtz.

Jerry Reinsdorf

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