Ilitches consolidate Olympia, Red Wings operations amid management shakeup

Discussion in 'Fugu's Business of Hockey Forum' started by Fugu, Jan 28, 2011.

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  1. Fugu

    Fugu Administrator

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    http://www.crainsdetroit.com/articl...olympia-red-wings-operations-amid-management#

    Sounds like Mr. I is letting someone else worry about all the contracts, $$, and business matters while he tends to the team product side of things. ;)


    They may also be setting up things for the potential acquisition of the Pistons.
     
  2. danishh

    danishh Registered User

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    wonder why he's not including the tigers.

    you'd think that if he's successful in his pistons bid, one company managing the three major sports facilities and the three teams would make sense.
     
  3. Fugu

    Fugu Guest

    Olympia and LC are owned by both the husband and wife. Due to MLB's rules on gambling, the Tigers are solely owned by Mike Ilitch, while their casino is owned by Marian Ilitch.

    I wonder what they'll do when one of the Ilitches passes? They're getting fairly old. I think Mike Ilitch is about 81 now. They have a son and daughter who were involved in the businesses (not sure what the other kids do), but the Tigers property has to be kept separated from Olympia.

    Mike Ilitch does claim that baseball is his first love, but he 'seemed' much more involved with the Wings side of things. In fact, there was some criticism that he'd neglected the Tigers. During the lockout, he put more time into it, and they had a bit of turnaround. He's the biggest fan either team has though. :)
     
  4. danishh

    danishh Registered User

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    ahh... didnt know about the casino. Thanks.


    the article you posted mentions that chris ilitch (assuming that's the son?) is involved with the business, so i'd assume that's where it goes, with either the sister or chris' spouse taking control of the tigers.
     
  5. He Lied to Mario

    He Lied to Mario Registered User

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    Yes, baseball is his first love as he was a minor league baseball player in the Tigers organization before he started Little Caesar's. But he has been heavily involved in hockey since at least the late 60s. It's funny that people said he neglected the Tigers, I don't think he did, he just picked the wrong people to run them, while he had Devellano turning around the Red Wings. He signed a lot of bad free agents to big money with the Tigers but it took a long time for the team to become halfway decent.
     
  6. Brodie

    Brodie Marxist-Harbaughist

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    All of their kids are involved to varying levels (Atanas was in the Chris role before he was diagnosed with brain cancer, he's now returned in another job)... I imagine one of the other kids will inherit the casino.
     
  7. Fugu

    Fugu Guest


    I don't follow the Tigers, but I don't know if they have the same family kind of feel with the players or management. Yzerman was treated like a son basically. When it came time for him to consider GM jobs away from Detroit, the Wild came calling first. Marian said she didn't even come to the room and just cried in the back somewhere when he came to talk it over with them. Then when he called to tell them about Tampa, she at least sat in the room, but still cried.
     
  8. Killion

    Killion Registered User

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    If his kids' dont wish to assume ownership & or wish to divest themselves of the Wings, I'd really have to wonder if Karmanos's mechanizations' with the Canes ownership situation in seeking a minority partner could change to majority; he & Rutherford returning to Michigan?... Far fetched perhaps, but.....
     
  9. FissionFire

    FissionFire Registered User

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    Don't be suprised if the Tigers are sold fairly quickly once Mike passes. My family has worked very closely with Mike over the years and it's no real secret that none of his children are really baseball fans. From a business standpoint, the Tigers are easily the least profitable asset of the bunch and there have been rumors that Chris would gladly have sold them already if his father would allow it.
     
  10. Fugu

    Fugu Guest


    That's interesting that none of the kids like baseball. With the team being in the family, you'd think someone would have enjoyed it. Are they all Wings fans, btw?
     
  11. macavoy

    macavoy Registered User

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    Would selling the Tigers make them more viable to buy the Lions? Is that something they would want to do, or something that Ford would be willing to do?
     
  12. Motown Beatdown

    Motown Beatdown Need a slump buster

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    Lions aren't for sale. Dan Gilbert (before buying the Cavs) supposedly told the Ford Family to name their price for the team, they never got back to him.
     
  13. FissionFire

    FissionFire Registered User

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    Yes, very big ones too. The Wings were successful when they were growing up so naturally they gravitated towards a winner. The Tigers.....not so much lol. It's very similar to the Davidson situation where none of his children are Pistons fans (or even basketball fans really) despite their father owning the team.

    The Fords won't be selling the Lions anytime in the forseeable future. NFL teams are just a license to print money essentially. Seems the only time you see one sold is when the old owner dies because the inheritence tax on their kids getting the team would be in the hundreds of millions I'd guess.
     
  14. Fugu

    Fugu Guest


    Never heard that Ilitch had any interest in football. NFL teams are so expensive too that it's getting to the point of only being an option for multibillionires. Ilitch is worth between $1-2b, so not in that league.
     
  15. DreamBeaut

    DreamBeaut Registered User

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    I believe there is a clause stating that an owner such as Ilitch cannot own the Lions or any other NFL team for whatever reason.
     
  16. DreamBeaut

    DreamBeaut Registered User

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    I should clarify; not simply ilitch, but multi-sport owners
     
  17. kdb209

    kdb209 Registered User

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    The only league with cross-ownership rules is the NFL.

    An NFL owner is prohibited from owning another pro franchise (*) in another NFL city.

    - He can another team in the same city.
    - He can another team in a different city which does not have an NFL team.
    - He can NOT own another team in a different city which has an NFL team.

    Ilitch would be permitted to own both the Lions and Wings since they both are in Detroit.

    (*) Soccer teams are exempt from the NFL cross ownership restrictions - thanks to lobbying by Lamar Hunt back in NASL times.
     
  18. Brodie

    Brodie Marxist-Harbaughist

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    I have a hard time believing the Tigers are less profitable than the Red Wings.
     
  19. Fugu

    Fugu Guest

    I would have agreed, but look at this from Forbes:

    http://blogs.forbes.com/kurtbadenhausen/2010/08/23/the-business-of-baseball-is-very-good/

     

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