- George N. Gillett Jr.
George N. Gillett Jr. (born
October 22, 1938, in Racine, Wisconsin) is an American businessman, owner of the ice hockey team Montreal Canadiens, and co-owner of English Premier Leagueteam Liverpool F.C.and the NASCAR auto racingteam Gillett Evernham Motorsports.
Building his fortune through sports franchises and meat production with an estimated fortune of around US$1.1 billion as of November 2007, [http://www.telegraph.co.uk/money/main.jhtml?xml=/money/exclusions/hubpages/topusinuk/nosplit/topusinuk30-21.xml] Gillett and his wife Rose live in Vail,
Colorado, and have four sons: George III, Alexander, and twins Foster and Andrew (the latter twin is the only son not involved in the family business). [ [http://www.cobizmag.com/articles.asp?id=191 ColoradoBiz Magazine ] ]
George Gillett attended
Amherst Collegeand is a graduate of Dominican Collegein Racine, Wisconsin.
In 1979 he launched Gillett Communications by buying three small television stations. Three years later he bought the WSM
television stationin Nashville. In 1984 Gillett acquired Post Corporation's eight television stations, 22 newspapers and associated plant; the non-broadcast assets were sold to Thomson Corporationand other buyers. In 1987 he acquired Storer Broadcastingusing Kohlberg Kravis Roberts junk bonds, after the FCClifted restrictions on ownership.
In 1985 Gillett acquired Vail Associates' Vail and Beaver Creek ski resorts, creating a new era with focus on customer service, Gillett redefined the ski experience and what it meant to be a world class resort. George would often ride
chairlifts and greet guests, and launched a massive installation of high-speed detachable chairlifts thereby kick-starting the growth that would put Vail on the map as America's number one ski destination. Gillett also supported major alpine ski events at a time when most ski areas in America declined to host international races, starting with the 1989 World Alpine Ski Championships, and through his support hosted the 1999 World Alpine Ski Championships [ [http://skimuseum.net/2005induction.html Colorado Ski Museum - News ] ] .
Gillett's companies sought
Chapter 11protection in 1992 as higher interest rates penalised junk bond issuers. Gillett's media arm was reorganised as New World Communicationsunder the control of Ronald Perelman.
After junk bonds
Gillett walked away with $32.1 million to restart his business empire when Vail floated on the
NYSE. [ [http://www.hcn.org/servlets/hcn.Article?article_id=4646 High Country News - December 7, 1998: Vail and the road to a recreational empire ] ] In 1995 he repurchased Packerland undertaken by Booth Creek Management Corp., a company created to oversee the acquisitionsand managementof interests of the Gillett family from that point forwards, and of which Gillett remains Chairman.
In 1996 he formed Booth Creek Ski Holdings Inc., acquiring or building a range of ski resorts in
New Hampshire, California, Washingtonand Wyoming. He later bought Grand Targhee Ski and Summer Resort, together with several golf courses.
From 1997 he extended his meat interests by building Corporate Brand Foods America (which included ITC, Iowa Ham, Jordan Meats and Wright Bacon), latterly bought by Iowa Beef Processors for US$550 million. Gillett and
Hicks, Muse, Tate & Furstthen bought ConAgra's beef operations - Swift and Company- for US$1.4 billion in 2001. [http://www.meatnews.com/mp/northamerican/dsp_article_mp.cfm?artNum=337&issueMonth=6&issueYear=2002] In the meat business, Gillett now also controls:
*Petaluma Poultry - natural and organic
*Snowball Foods -
food processorof turkey and chicken products
*Kings Delight -
food processorof turkey and chicken products
*B3R Country Meats - processes fresh and frozen natural beef
*Coleman Natural Products - processes fresh and frozen natural beef and lamb
*Gerhard’s Napa Valley Sausage - a producer of gourmet sausage products made primarily from poultry
North American sports interests
After a failed bid in 2000 with
Pat Bowlenand John Elwayto buy the NBA Denver Nuggets, NHL Colorado Avalancheand Pepsi Center; on 2 January 2000Gillett bought an 80% interest in the NHL Montreal Canadiensand their home arena, the Bell Centre, for US$185 million. [ [http://www.findarticles.com/p/articles/mi_m0FCM/is_7_29/ai_73023294 An American Buys the Canadiens - Montreal Canadiens may be purchased by businessman George Gillett, Jr - Brief Article | Hockey Digest | Find Articles at BNET.com ] ] Gillett also owns the [http://www.geg.ca/eng/mainPage.cfm Gillett Entertainment Group] , a Canadian-based sports and entertainment promoter.
6 August, 2007, Gillett bought a controlling interest of the NASCARteam Evernham Motorsports from founder Ray Evernham, thereby forming Gillett Evernham Motorsports. [ [http://sports.espn.go.com/rpm/news/story?seriesId=2&id=2963057 ESPN - Evernham sells majority share of team to Gillett - Nascar ] ]
27 March, 2008, Joey Saputo, chairman of USL First Divisionteam Montreal Impact, confirmed talks with Gillett and MLS for a Montreal franchise. [cite news |url=http://www.skysports.com/story/0,19528,11095_3353672,00.html |title= Gillett launches MLS bid |work= Sport365.ro| work= Sky Sports| date= 2008-03-27 |accessdate= 2008-03-27]
Since October 2006, Gillett had been one of the parties interested in a proposed takeover of England
footballclub Liverpool FC of the English Premiership. [ [http://www.telegraph.co.uk/sport/main.jhtml?view=DETAILS&grid=&xml=/sport/2006/11/16/sfnbos216.xml Moores holds up Liverpool takeover - Football News - Telegraph ] ] In January 2007, Reports stated that Gillett had made another bid for Liverpool. On 31 January 2007, Dubai International Capitalannounced they had pulled out of the deal, giving Gillett the opportunity to buy the club from David Moores. On 2 February, Gillett and Tom Hicksreached a deal with the clubs' board, which was sealed on 6 February, thought to be worth in the region of £435 million: £220 million to buy out existing shareholders (including approximately £44.8 million of debt), and £215 million for the new stadium proposed at nearby Stanley Park. The Board unanimously recommended that the clubs' shareholders accept this offer.
22 January 2008a majority of Liverpool fans, at the game between Liverpool and Aston Villa, protested against Gillett and Hicks' running of the club, urging the pair to sell their shares in Liverpool FCto DIC. Neither owner, nor their representative Foster Gillett were present at the game. Gillett has reportedly been targeted by DIC to sell his shares. It has been reported that he has fallen out with Tom Hicks and in recent months has kept silent over his dealing with the club. [ [http://www.anfield-online.co.uk/lfc-news/2008/the-anfield-divorce/ The Anfield Divorce - Anfield Online] ] On 7 March, 2008, it was reported that Gillett had agreed to sell 98% of his Liverpool stock to DIC, [ [http://sportsillustrated.cnn.com/2008/soccer/03/07/bc.soc.liverpool.ownership.ap/index.html SI.com - Soccer - DIC agrees to become Liverpool minority partner - Friday March 7, 2008 10:35PM ] ,] but Hicks blocked the sale.cite news | first=Jonathan | last=Northcroft | title=Anfield anarchy | date=2008-04-13 | publisher=News International Group | url =http://www.timesonline.co.uk/tol/sport/football/premier_league/liverpool/article3736096.ece| work =The Sunday Times| accessdate = 2008-04-13] In an interview on Prime Time Sportsin Canada, Gillett revealed that he and his family have received death threats from angry Liverpool fans: "The fans don’t want him ( Tom Hicks) to have even one share of my stake in the club, based on what they are sending to me. As a result of that we [my family] have received many phone calls in the middle of the night threatening our lives, death threats. A number came to the office and my son, Foster, and daughter-in-law, Lauren, have received them." [ [http://www.timesonline.co.uk/tol/sport/football/premier_league/liverpool/article3638838.ece I can no longer work with Tom Hicks, says George Gillett Jr] ]
Gillett's other current business interests include:
*Northland Services Inc. - a marine transportation company
*Great Northern Bark and Sierra Organics - landscaping and gardening products company
* [http://www.vistacolorado.com Vista Auto Group] , an auto dealership chain selling
Subaru, Dodge, Jeep& Chryslerin Silverthorne, Coloradoand Subaru, Honda, Nissan& Chevroletin Glenwood Springs, Colorado
* [http://canadiens.nhl.com/team/app?service=page&page=NHLPage&bcid=eng_tea_redirect_hOD_1949 Montreal Canadiens Hockey Club - Team Owner]
* [http://www.liverpoolfc.tv/newstadium/ Liverpool Football Club - Proposed New Stadium]
* [http://www.foreignowners.blogspot.com Foreign Owners in Football]
* [http://www.lfcsupportersnetwork.com/ Liverpool FC Supporters Network]
Wikimedia Foundation. 2010.
Look at other dictionaries:
George Wilson Gillett — Nacimiento 1917 Hopewell, Nueva York Fallecimiento 1976 Residencia EE.UU. Nacionalidad estadounidense … Wikipedia Español
George N. Gillett Jr — George N. Gillett Jr. George N. Gillett Jr. (né le 22 octobre 1938) à Racine dans le Wisconsin) est homme d affaires américain et le président fondateur de Booth Creek Management Corp., une société de portefeuille qui gère les… … Wikipédia en Français
George N. Gillett Jr. — Pour les articles homonymes, voir Gillett. George N. Gillett Jr. (né le 22 octobre 1938) à Racine dans le Wisconsin) est homme d affaires américain et le président fondateur de Booth Creek Management Corp., une société de portefeuille… … Wikipédia en Français
George A. Gillett — George Arthur Gillet (23 April 1877 12 September 1956) was a New Zealand rugby union footballer. Born in Leeston, Gillet received his education in Hamilton and went on to first represent Auckland in 1899. He was a member of the legendary Original … Wikipedia
George Gillett Jr — George N. Gillett Jr. George N. Gillett Jr. (né le 22 octobre 1938) à Racine dans le Wisconsin) est homme d affaires américain et le président fondateur de Booth Creek Management Corp., une société de portefeuille qui gère les… … Wikipédia en Français
George Gillet — George N. Gillett Jr. George N. Gillett Jr. (né le 22 octobre 1938) à Racine dans le Wisconsin) est homme d affaires américain et le président fondateur de Booth Creek Management Corp., une société de portefeuille qui gère les… … Wikipédia en Français
George Gillett — is the name of several people, including:*George A. Gillett (1877 ndash;1956), New Zealand rugby union footballer *George N. Gillett Jr. (born 1938), North American businessman, former owner of the Miami Dolphins, current owner of the Montreal… … Wikipedia
George Gillett — George N. Gillett Jr. (* 22. Oktober 1938 in Racine, Wisconsin) ist ein US amerikanischer Geschäftsmann und Millionär. Er lebt mit seiner Frau in Vail (Colorado) und hat vier Söhne: George III, Andrew und die Zwillinge Alexander und Foster.… … Deutsch Wikipedia
Gillett — puede hacer referencia a: Contenido 1 Personas 1.1 Botánicos 2 Lugares 3 Véase también Personas … Wikipedia Español
Gillett — is the name of several places in the United States: *Gillett, Arkansas *Gillett, Wisconsin *Gillett (town), Wisconsin *Gillett, Karnes County, Texas *Gillett Grove, IowaGillett as a surname may refer to: * Fred Gillett, an astronomer who… … Wikipedia