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Louis Jacobs (businessman)

From Wikipedia, the free encyclopedia
American businessman
For other people named Louis Jacobs, seeLouis Jacobs (disambiguation).
Louis Jacobs
Personal details
BornLouis Melvin Jacobs
April 6, 1900
Manhattan, New York City, U.S.
DiedAugust 8, 1968(1968-08-08) (aged 68)
Children2
OccupationFounder ofDelaware North
Known forFounder ofDelaware North, owner of theCincinnati Royals

Louis Melvin Jacobs (April 6, 1900 - August 8, 1968), was an American businessman and sports team owner. Notable for starting the SportService empire that ended up becomingDelaware North. He also was an owner of theCincinnati Royals of theNational Basketball League, as well as theBuffalo Bisons and theProvidence Reds of theAmerican Hockey League and was an operating manager of theBuffalo Memorial Auditorium.

Life

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Jacobs was born to Polish-Jewish immigrants Moisha "Max" Jacobs, and Anna Blachmann inNew York City, in 1900. Before the move to America, the originalsurname of his family's paternal side was Yakobovitch.[1][2] He had two brothers, Marvin and Charles Jacobs who founded Jacobs Brothers together in 1915 when Louis was 15 years old.[3] Its name was changed first to Emprise Corp. and then Sportsystems Inc. before adopting its current one in 1980.[4]

Jacobs Brothers initially operated theater concessions. When the establishments closed down in the hot summer months, the three men turned their attention to ballparks, the first beingOffermann Stadium inBuffalo, New York, and the creation of the sports concession industry. In 1919, the brothers got their break when they started to sell concessions for theBaltimore Orioles of theInternational League. In 1926, Jacobs Brothers was renamed "Sportservice". Sportservice is Delaware North's largest operating company. In 1927, the company entered into its first major-league deal by signing an agreement with theDetroit Tigers to handle food service atNavin Field.

In 1939, the Jacobs brothers expanded their business, acquiring a racetrack, marking the beginning of Delaware North Companies Gaming & Entertainment. In 1941, the company entered the airport arena with a contract to provide food service inWashington National Airport. In 1952, his brothers Marvin and Charles sold the remaining shares of the company to retire, leaving Louis as the sole owner of Sportservice. In 1960, the company was awarded the contract to operate the concessions at the1960 Summer Olympics inRome,Italy. Louis died at his desk on August 8, 1968; after his death, his sons Max andJeremy Jacobs took over sole control of Sportservice.

Sports teams ownership

[edit]

Louis began his sports ownership in 1939 when he became a partner of theSyracuse Stars after being the concessions vendor toNew York State Fair Coliseum. One by one the owners dropped out and Louis became the sole owner. In 1940 in his home town of Buffalo, the brand newMemorial Auditorium opened up and relocated the Stars to Buffalo to play as the Bisons. He later sold the team toArthur Wirtz who owned theChicago Black Hawks and was the farm team for a few years until the team was sold to local interests in 1956.

In 1951, Jacobs gaveConnie Mack, the owner of thePhiladelphia Athletics for over 50 years at that time, a no-interest loan of $250,000 to keep the Athletics from having financial difficulty. In October 1954, he helped broker the deal between the Mack and businessmanArnold Johnson who moved the team to Kansas City in 1955.[5]

Louis purchased theCincinnati Royals in 1963 from the estate of Thomas E. Wood.[6] After he died, his sonsJeremy and Max Jacobs ran the team until 1972 when the brothers sold the team to a consortium of Kansas City and Omaha businessmen to rename move them to those cities where they became theKansas City-Omaha Kings.

References

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  1. ^Ocala Star Banner: "Fan-tastic Food - Delaware North to Dish Up Treats at New Arena" by John Affleck September 20, 1996
  2. ^Kornheiser, Tony. "The Past Haunts Brothers Who Own Convicted Sports Empire,"The New York Times, Friday, October 7, 1977. Retrieved October 21, 2021
  3. ^Schwartz, Jason. "Jeremy Jacobs Looks Like a Saint Compared To His Father,"Boston (magazine), March 27, 2013. Retrieved October 21, 2021
  4. ^"TW Services loses bid for Yosemite, Sportservice wins concessions contract," GoUpstate.com, Friday, December 18, 1992. Retrieved October 21, 2021
  5. ^United States Congress. "Professional Basketball: Hearing, Ninety-second Congress, First Session" ,1972. Retrieved April 1, 2022
  6. ^Robertson, Oscar. "The Big O: My Life, My Times, My Game" ,2003. Retrieved October 21, 2021
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