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Bob Kraft
Robert Kenneth Kraft (born June 5, 1941) is an American billionaire businessman. He is the chairman and chief executive officer (CEO) of the Kraft Group, a diversified holding company with assets in paper and packaging, sports and entertainment, real estate development, and a private equity portfolio. Since 1994, he has owned the New England Patriots of National Football League (NFL). Kraft also owns the New England Revolution of Major League Soccer (MLS), which he founded in 1996, and the esport-based Boston Uprising, which he founded in 2017. he has a net worth of $10.6 billion. Early life and education Kraft was born in Brookline, Massachusetts, the son of Sarah Bryna (Webber) and Harry Kraft, a dress manufacturer in Boston's Chinatown. His mother was born in Halifax, Nova Scotia; his father was a lay leader at Congregation Kehillath Israel in Brookline and wanted his son to become a rabbi. The Krafts were a Modern Orthodox Jewish family. Robert attended the Edward Devot ...
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Brookline, Massachusetts
Brookline is a town in Norfolk County, Massachusetts, Norfolk County, Massachusetts, in the United States, and part of the Greater Boston, Boston metropolitan area. Brookline borders six of Boston's neighborhoods: Brighton, Boston, Brighton, Allston, Fenway–Kenmore, Mission Hill, Boston, Mission Hill, Jamaica Plain, and West Roxbury. The city of Newton, Massachusetts, Newton lies to the west of Brookline. Brookline was first settled in 1638 as a Hamlet (place), hamlet in Boston, known as Muddy River; it was incorporated as a separate town in 1705. At the time of the 2020 United States Census, the population of the town was 63,191. It is the most populous municipality in Massachusetts to have a New England town, town (rather than city) form of government. History Once part of Algonquian peoples, Algonquian territory, Brookline was first settled by White people, European colonists in the early 17th century. The area was an outlying part of the colonial settlement of Boston a ...
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Theodore Roosevelt Award
The Theodore Roosevelt Award is the highest honor the National Collegiate Athletic Association (NCAA) may confer on an individual. The award is awarded annually to a graduate from an NCAA member institution who earned a varsity letter in college for participation in intercollegiate athletics, and who ultimately became a distinguished citizen of national reputation based on outstanding life accomplishment. Each awardee, by personal example, is said to exemplify the ideals and purposes to which collegiate athletics are dedicated. The award, nicknamed "The Teddy," is named after U.S. President Theodore Roosevelt, whose concern for the conduct of intercollegiate athletes and athletic programs led to the formation of the NCAA in 1906. Past winners include four former Presidents of the United States: Dwight D. Eisenhower (1967), Gerald R. Ford (1975), George H. W. Bush (1986), and Ronald Reagan (1990). Past winners * 1967: Dwight D. Eisenhower, United States Military Academy (football) * ...
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Halifax, Nova Scotia
Halifax is the capital and largest municipality of the Canadian province of Nova Scotia, and the largest municipality in Atlantic Canada. As of the 2021 Census, the municipal population was 439,819, with 348,634 people in its urban area. The regional municipality consists of four former municipalities that were amalgamated in 1996: Halifax, Dartmouth, Bedford, and Halifax County. Halifax is a major economic centre in Atlantic Canada, with a large concentration of government services and private sector companies. Major employers and economic generators include the Department of National Defence, Dalhousie University, Nova Scotia Health Authority, Saint Mary's University, the Halifax Shipyard, various levels of government, and the Port of Halifax. Agriculture, fishing, mining, forestry, and natural gas extraction are major resource industries found in the rural areas of the municipality. History Halifax is located within ''Miꞌkmaꞌki'' the traditional ancestral lands ...
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Chinatown, Boston
Chinatown, Boston (Cantonese: 唐人街; Jyutping: ''Tong4jan4gaai1'') is a neighborhood located in downtown Boston, Massachusetts. It is the only surviving historic ethnic Chinese enclave in New England since the demise of the Chinatowns in Providence, Rhode Island and Portland, Maine after the 1950s. Because of the high population of Asians and Asian Americans living in this area of Boston, there is an abundance of Chinese and Vietnamese restaurants located in Chinatown. It is one of the most densely populated residential areas in Boston and serves as the largest center of its East Asian and Southeast Asian cultural life. Chinatown borders the Boston Common, Downtown Crossing, the Washington Street Theatre District, Bay Village, the South End, and the Southeast Expressway/Massachusetts Turnpike. Boston's Chinatown is one of the largest Chinatowns outside of New York City. Demographics Because it is a gathering place and home to many immigrants, Chinatown has a diverse cultu ...
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Boston Uprising
Boston Uprising is an American professional ''Overwatch'' esports team based in Boston, Massachusetts. The team competes in the Overwatch League (OWL) as a member of the league's West region. Founded in 2017, Boston is one of the league's twelve founding teams. The team is owned by Robert Kraft of the Kraft Group, who also owns the National Football League's New England Patriots and Uprising Academy, an academy team for the Uprising that compete in Overwatch Contenders. Boston became the first team in the history of the Overwatch League to go undefeated during a regular season stage, after going in Stage 3 of the 2018 season. After reaching the League playoffs and finishing fifth in the final season standings in the 2018 season, the organization has failed to return to the playoffs. Franchise history On July 12, 2017, Blizzard Entertainment officially announced that the Kraft Group had acquired the Boston-based franchise of the Overwatch League. On the decision to purchase ...
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Esports
Esports, short for electronic sports, is a form of competition using video games. Esports often takes the form of organized, multiplayer video game competitions, particularly between professional players, individually or as teams. Although organized competitions have long been a part of video game culture, these were largely between amateurs until the late 2000s, when participation by professional gamers and spectatorship in these events through live streaming saw a large surge in popularity. By the 2010s, esports was a significant factor in the video game industry, with many game developers actively designing and providing funding for tournaments and other events. The most common video game genres associated with esports are multiplayer online battle arena (MOBA), first-person shooter (FPS), fighting, card, battle royale and real-time strategy (RTS) games. Popular esports franchises include ''League of Legends'', ''Dota'', ''Counter-Strike'', ''Valorant'', ''Overwatch'', ''Str ...
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Major League Soccer
Major League Soccer (MLS) is a men's professional soccer league sanctioned by the United States Soccer Federation, which represents the sport's highest level in the United States. The league comprises 29 teams—26 in the U.S. and 3 in Canada—since the 2023 season. The league is headquartered in Midtown Manhattan. Major League Soccer is the most recent in a series of men's premier professional national soccer leagues established in the United States and Canada. The predecessor of MLS was the North American Soccer League (NASL), which existed from 1968 until 1984. MLS was founded in 1993 as part of the United States' successful bid to host the 1994 FIFA World Cup. The inaugural season took place in 1996 with ten teams. MLS experienced financial and operational struggles in its first few years, losing millions of dollars and folding two teams in 2002. Since then, developments such as the proliferation of soccer-specific stadiums around the league, implementation of the Desi ...
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New England Revolution
The New England Revolution is an American professional soccer club based in the Greater Boston area that competes in Major League Soccer (MLS), in the Eastern Conference of the league. It is one of the ten charter clubs of MLS, having competed in the league since its inaugural season. The club is owned by Robert Kraft, who also owns the New England Patriots along with his son, Jonathan Kraft. The name "Revolution" refers to the New England region's significant involvement in the American Revolution that took place from 1775 to 1783. New England plays their home matches at Gillette Stadium in Foxborough, Massachusetts, located 21 miles (34 km) southwest of downtown Boston. The club played their home games at the adjacent and now-demolished Foxboro Stadium, from 1996 until 2001. The Revs are the only original MLS team to have every league game in their history televised. The Revolution won their first major trophy in the 2007 U.S. Open Cup. The following year, they w ...
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National Football League
The National Football League (NFL) is a professional American football league that consists of 32 teams, divided equally between the American Football Conference (AFC) and the National Football Conference (NFC). The NFL is one of the major professional sports leagues in the United States and Canada and the highest professional level of American football in the world. Each NFL season begins with a three-week preseason in August, followed by the 18-week regular season which runs from early September to early January, with each team playing 17 games and having one bye week In sport, a bye is the preferential status of a player or team that is automatically advanced to the next round of a tournament, without having to play an opponent in an early round. In knockout (elimination) tournaments they can be granted eit .... Following the conclusion of the regular season, seven teams from each conference (four division winners and three wild card teams) advance to the p ...
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Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ...
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Real Estate Development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction or Home construction, housebuilding, although many developers also manage the construction process or engage in housebuilding. Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint venture, create, imagine, control, and orchestrate the process of development from the beginning to end.New York Times, March 16, 1963, "Personality Boom is Loud for Louis Lesser" Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. Typ ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ...
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