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The Kraft Group
The Kraft Group, LLC, is a group of privately held companies in the professional sports, manufacturing, and real estate development industries doing business in 90 countries. Founded in 1998 by American businessman Robert Kraft as a holding company for various interests he had acquired since 1968, it is based in Foxborough, Massachusetts. Corporate structure * Kraft Sports Group ** New England Patriots, LP (founded in 1960, acquired by Kraft in 1994) ** New England Revolution, LP (founded by Kraft in 1995) ** Gillette Stadium, $325 million facility privately financed by Kraft (opened 2002) *** Patriot Place, $350 million "lifestyle and entertainment center" around Gillette Stadium (opened 2007–2008) ** TeamOps, LLC (founded in 2006) *** TeamOps (Event Staff) *** TeamOps Detect ** Boston Breach, a Call of Duty League team (founded in 2021) ** Boston Uprising, an Overwatch League team (founded in 2017) * Kraft Analytics Group (KAGR) * Rand-Whitney Group, LLC (founded in 18 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Patriot Place
Patriot Place is an open-air shopping center owned by The Kraft Group built around Gillette Stadium, the home of the New England Patriots and New England Revolution. It is located in Foxborough, Massachusetts. The first phase opened in fall 2007, which included the construction of a small strip mall. The second phase is built on what were parking lots for Gillette Stadium, which in turn were previously the site of the now-demolished Foxboro Stadium. Phase two of Patriot Place is also home to one of the first locations for Showcase Cinemas' Cinema de Lux brand. Tenants Bass Pro Shops built their first New England location at the Patriot Place; it was among the first stores to be announced and opened in the complex. It includes an animatronic shooting range and overlooks a small swamp that was once part of a larger one that the store was built over with land reclamation. Many events are held there as well. Patriot Place has various restaurants, such as CBS Sporting Club, which fe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gillette Stadium
Gillette Stadium is a multi-purpose stadium located in the town of Foxborough, Massachusetts, which is southwest of downtown Boston. It serves as the home stadium and administrative offices for both the New England Patriots of the National Football League (NFL) and the New England Revolution of Major League Soccer (MLS). It opened in 2002, replacing the adjacent Foxboro Stadium. It also served as the home venue for the University of Massachusetts (UMass) Minutemen football team in 2012 and 2013, while on-campus Warren McGuirk Alumni Stadium underwent renovations; it continued to serve as a part-time home venue for higher attendance UMass games through 2018. Gillette Stadium's seating capacity is 65,878, including 5,876 club seats and 89 luxury suites. The town of Foxborough approved plans for the stadium's construction on December 6, 1999, and work on the stadium began on March 24, 2000. The first official event at the stadium was a New England Revolution soccer game on May 11, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Partnership
A limited partnership (LP) is a form of partnership similar to a general partnership except that while a general partnership must have at least two general partners (GPs), a limited partnership must have at least one GP and at least one limited partner. Limited partnerships are distinct from limited liability partnerships, in which all partners have limited liability. The GPs are, in all major respects, in the same legal position as partners in a conventional firm: they have management control, share the right to use partnership property, share the profits of the firm in predefined proportions, and have joint and several liability for the debts of the partnership. As in a general partnership, the GPs have actual authority, as agents of the firm, to bind the partnership in contracts with third parties that are in the ordinary course of the partnership's business. As with a general partnership, "an act of a general partner which is not apparently for carrying on in the ordinary c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New England Patriots
The New England Patriots are a professional American football team based in the Greater Boston area. They compete in the National Football League (NFL) as a member club of the league's American Football Conference (AFC) AFC East, East division. The Patriots play home games at Gillette Stadium in Foxborough, Massachusetts, which is southwest of downtown Boston. The franchise is owned by Robert Kraft, who purchased the team in 1994. As of 2022, the Patriots are the ninth Forbes list of the most valuable sports teams, most valuable sports team in the world and have sold out every home game since 1994. Founded in 1959 as the Boston Patriots, the team was a charter member of the American Football League (AFL) before joining the NFL in 1970 through the AFL–NFL merger. The Patriots played their home games at various stadiums throughout Boston until the franchise relocation of professional sports teams, moved to Foxborough in 1971. As part of the move, the team changed its name to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Professional Sports
In professional sports, as opposed to amateur sports, participants receive payment for their performance. Professionalism in sport has come to the fore through a combination of developments. Mass media and increased leisure have brought larger audiences, so that sports organizations or teams can command large incomes. As a result, more sportspeople can afford to make sport their primary career, devoting the training time necessary to increase skills, physical condition, and experience to modern levels of achievement. This proficiency has also helped boost the popularity of sports.Andy Miah Sport & the Extreme Spectacle: Technological Dependence and Human Limits' (PDF) Unpublished manuscript, 1998 In most sports played professionally there are many more amateur than professional players, though amateurs and professionals do not usually compete. History Baseball Baseball originated before the American Civil War (1861–1865). First played on sandlots in particular, scoring ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
