Sherwood Schwarz (born November, 1930) is an American businessman and founder of ''Carnegie Associates Ltd'' and was the owner of the

Toronto Argonauts The Toronto Argonauts (officially the Toronto Argonaut Football Club and colloquially known as the Argos) are a professional Canadian football team competing in the East Division of the Canadian Football League (CFL), based in Toronto, Ontario ...

from 1999 to 2003.

Biography

Schwarz was born in 1930 on the Lower East Side of

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...

, the only child of Romanian and Russian parents. He graduated from the City College of New York with degrees in accounting and business administration. After serving in the U.S. Army during the

Korean War , date = {{Ubl, 25 June 1950 – 27 July 1953 (''de facto'')({{Age in years, months, weeks and days, month1=6, day1=25, year1=1950, month2=7, day2=27, year2=1953), 25 June 1950 – present (''de jure'')({{Age in years, months, weeks a ...

, he went to work in insurance.''Schwarz, Sherwood'' i
jewsinsports.org
retrieved 8 February 2014 He founded Carnegie Associates Ltd, situated on Sixth Avenue in

Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...

and part of White Tiger Holding Company, Inc.About us
from White Tiger Holding Company, Inc. retrieved 29 March 2014

Toronto Argonauts

On 20 December 1999, Schwarz bought the

from

Interbrew Interbrew is subsidiary of Anheuser-Busch InBev SA/NV is based in Breda, Netherlands. It has one subsidiary, Ambev S.A. of São Paulo, Brazil. Brands Interbrew brands have historically included Budweiser, Stella Artois, Boddingtons, Beck's, S ...

. He was persuaded to do by his cousin J. I. Albrecht, who became managing director after Schwarz bought the team. Attendance at the Argonauts increased soon after his arrival. He cut ticket prices by 15% and stopped Argonauts games from being blacked out, boosting television ratings. At the start the

2001 CFL season The 2001 CFL season is considered to be the 48th season in modern-day Canadian football, although it is officially the 44th Canadian Football League season. CFL news in 2001 The Canadian Football League were able to get new corporate partnership ...

, he made Michael 'Pinball' Clemons

head coach A head coach, senior coach or manager is a professional at training and developing athletes. They typically hold a more public profile and are paid more than other coaches. In some sports, the head coach is instead called the "manager", as in assoc ...

on an interim basis. In 2002, Clemons was made the permanent head coach and went on to make history by becoming the first black coach to win the Grey Cup in 2004. In early 2002, Schwarz brought in

Garth Drabinsky Garth Drabinsky (born 1949)Charlebois, Gaetan, and Anne NothofDrabinsky, Garth Canadian Theatre Encyclopedia. Athabasca University. Anne Nothof, ed. "Ontario-based entrepreneur, born in Toronto in 1949." is a Canadian film and theatrical producer a ...

, the founder of Cineplex Cinemas, to increase the public profile of the Argonauts. In 2003, despite numerous attempts, the finances of the Argonauts failed to improve. To keep the club afloat, Schwarz had to inject $18 million of his own money. He tried to find partners to help finance the team.League assumes Argos' helm
from

Canoe.ca Canoe.com is an English-language Canadian portal site and website network, and is a subsidiary of Postmedia Network. The phrase Canadian Online Explorer appears in the header; the name is also evidently a play on words on canoe (or ''canoë'' i ...

retrieved 8 February 2014 By 2002, several of the club's creditors had not been paid for months. On 29 July 2003, as the 2003 CFL season began, the CFL assumed control of the team and Schwarz left the club.

References

External links

White Tiger Holding Company, Inc. site
{{DEFAULTSORT:Schwarz, Sherwood 1930 births American people of Romanian-Jewish descent American people of Russian-Jewish descent American sports businesspeople Businesspeople from New York City City College of New York alumni Living people Toronto Argonauts owners Toronto Argonauts team presidents