Wirtz Corporation
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Wirtz Corporation
Wirtz Corporation is an American holding company headquartered in Chicago, Illinois. It was founded in 1926 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 National Hockey League, NHL team (becoming full owners in 1966), and the Chicago Bulls National Basketball Association, 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, Bill Wirtz, William, took control of the corporation and ran it until his death in 2007. The company's current owner and CEO is Rocky Wirtz. Subsidiaries The following is a partial list of subsidiaries of Wirtz Corporation * Banner Collecti ...
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Rocky Wirtz
William Rockwell "Rocky" Wirtz (born October 5, 1952) is the principal owner and chairman 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. Education Wirtz graduated from North Shore Country Day School in Winnetka, Illinois in 1971. In 1975, he graduated from Northwestern University with a degree in Communications. Breakthru Beverage Group Wirtz' grandfather Arthur Wirtz bought the family's first liquor distributorship in 1945. Wirtz grew up in ...
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National Basketball Association
The National Basketball Association (NBA) is a professional basketball league in North America. The league is composed of 30 teams (29 in the United States and 1 in Canada) and is one of the major professional sports leagues in the United States and Canada. It is the premier men's professional basketball league in the world. The league was founded in New York City on June 6, 1946, as the Basketball Association of America (BAA). It changed its name to the National Basketball Association on August 3, 1949, after merging with the competing National Basketball League (NBL). In 1976, the NBA and the American Basketball Association (ABA) merged, adding four franchises to the NBA. The NBA's regular season runs from October to April, with each team playing 82 games. The league's playoff tournament extends into June. , NBA players are the world's best paid athletes by average annual salary per player. The NBA is an active member of USA Basketball (USAB), which is recognized by t ...
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Holding Companies Established In 1922
Holding may refer to: * Holding an object with the hands, or grasping * Holding (law), the central determination in a judicial opinion * Holding (aeronautics), a manoeuvre in aviation * Holding (surname) * Holding company, a company that owns stock in other companies * Holding (American football), a common penalty in American football * ''The Miroslav Holding Co.'', 2001 Croatian film also released as ''Holding'' * "Holding", an episode of the American animated television series ''Beavis and Butt-Head'' * ''Holding'' (TV series), a 2022 TV series See also * * * Smallholding * Hold (other) * The Holding (other) * "Holdin'," a song by Diamond Rio * Hoarding * Possession (law) In law, possession is the control a person intentionally exercises toward a thing. Like ownership, the possession of anything is commonly regulated by country under property law. In all cases, to possess something, a person must have an inten ...
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Companies Based In Chicago
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Bill Wirtz
William Wadsworth Wirtz (October 5, 1929 – September 26, 2007) was the chief executive officer and controlling shareholder of the family-owned Wirtz Corporation. He was best known as the owner of the Chicago Blackhawks of the National Hockey League, who are part of Wirtz Corp's holdings. Wirtz also served as the Blackhawks' team president for over four decades.Chicago Blackhawks Press Release.Blackhawks Mourn Passing of William Wirtz." September 26, 2007 Biography Early life Wirtz was raised in Chicago, Illinois by his father Arthur Wirtz and mother Virginia. He attended the Latin School of Chicago where he was a star athlete in Football and Track. He was set to go to Princeton University after his senior year but decided to attend Brown University instead with his best friend. Wirtz graduated from Brown University In 1950. Wealth Wirtz (via his stake in the Wirtz Corporation) was most notable as owner of the Chicago Blackhawks; Wirtz Realty, a large real estate owner ...
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United Center
United Center is an indoor arena on the Near West Side of Chicago, Illinois, United States. It is home to the Chicago Bulls of the National Basketball Association (NBA) and the Chicago Blackhawks of the National Hockey League (NHL). It is named after its corporate sponsor United Airlines, which has been based in Chicago since 2007. With a capacity of nearly 21,000, the United Center is the largest arena by capacity in the NBA, and second largest arena by capacity in the NHL. It also has a seating capacity of 23,500 for concerts. Opening in 1994, the United Center replaced the Chicago Stadium, which was located across the street. The first event held at the arena was WWF SummerSlam. Due to the lockout, the Blackhawks did not move in until January 1995. In 1996, the United Center hosted the Democratic National Convention, where it first introduced a new style four-screen speech prompting system for speakers consisting of two glass teleprompters, accompanied by an inset lecte ...
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BusinessWeek
''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York City in September 1929. Bloomberg Businessweek business magazines are located in the Bloomberg Tower, 731 Lexington Avenue, Manhattan in New York City and market magazines are located in the Citigroup Center, 153 East 53rd Street between Lexington and Third Avenue, Manhattan in New York City. History ''Businessweek'' was first published based in New York City in September 1929, weeks before the stock market crash of 1929. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made ''Businessweek'' one of the first publications to cover national political issues that directly impacted the ...
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Jerry Reinsdorf
Jerry Michael Reinsdorf (born February 25, 1936) is the owner of the NBA's Chicago Bulls and MLB's Chicago White Sox. He started his professional life as a tax attorney with the Internal Revenue Service. He has been the owner of the White Sox and Bulls for over 35 years. As of November 2021, his net worth was estimated at US$1.7 billion. 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 oversaw the franchise turning 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 signed Michael J ...
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Chicago Bulls
The Chicago Bulls are an American professional basketball team based in Chicago. The Bulls compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference Central Division. The team was founded on January 16, 1966, and played its first game during the 1966–67 NBA season. The Bulls play their home games at the United Center, an arena on Chicago's West Side. The Bulls saw their greatest success during the 1990s when they played a major part in popularizing the NBA worldwide. They are known for having one of the NBA's greatest dynasties, winning six NBA championships between 1991 and 1998 with two three-peats. All six of their championship teams were led by Hall of Famers Michael Jordan, Scottie Pippen, and coach Phil Jackson. The Bulls are the only NBA franchise to win multiple championships while never losing an NBA Finals series in their history. The Bulls won 72 games during the 1995–96 season, setting an NBA record that stood un ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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National Hockey League
The National Hockey League (NHL; french: Ligue nationale de hockey—LNH, ) is a professional ice hockey league in North America comprising 32 teams—25 in the United States and 7 in Canada. It is considered to be the top ranked professional ice hockey league in the world, and is one of the four major professional sports leagues in the United States and Canada. The Stanley Cup, the oldest professional sports trophy in North America, is awarded annually to the league playoff champion at the end of each season. The NHL is the fifth-wealthiest professional sport league in the world by revenue, after the National Football League (NFL), Major League Baseball (MLB), the National Basketball Association (NBA), and the English Premier League (EPL). The National Hockey League was organized at the Windsor Hotel in Montreal on November 26, 1917, after the suspension of operations of its predecessor organization, the National Hockey Association (NHA), which had been founded in 1909 i ...
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Chicago Blackhawks
The Chicago Blackhawks (spelled Black Hawks until 1986, and known colloquially as the Hawks) are a professional ice hockey team based in Chicago. The Blackhawks compete in the National Hockey League (NHL) as a member of the Central Division in the Western Conference and have won six Stanley Cup championships since their founding in 1926. They are one of the "Original Six" NHL teams, along with the Detroit Red Wings, Montreal Canadiens, Toronto Maple Leafs, Boston Bruins, and New York Rangers. Since , the team has played their home games at the United Center, which they share with the National Basketball Association's Chicago Bulls; both teams previously played at the now-demolished Chicago Stadium. The Blackhawks' original owner was Frederic McLaughlin, a "hands-on" owner who fired many coaches during his ownership and led the team to win two Stanley Cup titles in 1934 and 1938, respectively. After McLaughlin's death in 1944, the team came under the ownership of the N ...
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