Jeremy Jacobs | |
|---|---|
| 14th Chairman of the NHL Board of Governors | |
| Assumed office June 22, 2007 | |
| Preceded by | Harley Hotchkiss |
| Personal details | |
| Born | Jeremy Maurice Jacobs (1940-01-21)January 21, 1940 (age 85) Buffalo, New York, U.S. |
| Spouse | Margaret Jacobs |
| Children | 6 |
| Alma mater | University at Buffalo |
| Occupation | Chairman ofDelaware North |
| Known for | Owner of theBoston Bruins, former owner of theCincinnati Royals |
Jeremy Maurice Jacobs Sr.[1] (born January 21, 1940) is an Americanbillionaire businessman, the owner of theBoston Bruins and chairman ofDelaware North.Forbes magazine ranks him as 669th richest person in the world.[2]
Jacobs was born in 1940,[3] the son of Genevieve (née Bibby)[4][5] andLouis Jacobs. His mother was ofIrish Catholic descent, and his father was the son ofJewish immigrants fromPoland. The originalsurname of his family's paternal side was Yakobovitch.[6][7] In 1915, his father and his father's two brothers, Charles and Marvin, founded a company that first owned concessions in theaters and then expanded to major league ballparks.[8][9][10] His father took over the company in the 1950s when the health of his brothers faltered[6] and Jeremy took over at age 28 when his father died in 1968.[8] Louis also at one point was the operator at theBuffalo Memorial Auditorium and owned theBuffalo Bisons of theAmerican Hockey League and theCincinnati Royals of theNational Basketball Association.
Jacobs has a Bachelor of Science degree from theState University of New York at Buffalo School of Management, and attended the six-weekHarvard Business School Advanced Management Program.[11]
Jacobs owns and operates the business founded by his father and uncles,Delaware North. Delaware North is a global hospitality and food service business headquartered inBuffalo, New York. The company operates in the lodging, sporting, airport, gaming and entertainment industries.
Delaware North also owns and managesTD Garden, home to theBoston Bruins and theBoston Celtics.[12] It was paid for with Jacobs' own funds.[13]
On January 6, 2015, Jacobs relinquished the title of CEO and named Jerry Jacobs Jr. and Louis Jacobs co-CEOs. He also named Charlie Jacobs CEO of Delaware North's Boston Holdings.[14]
Jacobs was listed for several years in a row as one ofSports Business Journal's Most Influential People in Sports. He was inducted into the Sports Hall of Fame in Western New York in October 2006.[15]
Jacobs has owned theNational Hockey League'sBoston Bruins since 1975. Jacobs represents the club on the NHL's Board of Governors and serves on its executive committee. At the NHL Board of Governors meeting in June 2007, Jacobs was elected chairman. He replaced theCalgary Flames'Harley Hotchkiss, who stepped down after 12 years.
After years of disappointing performance, Jacobs replaced numerous general managers and coaches.Harry Sinden, the longtime president of the team, retired active work and moved into an advisory role. New management includedPeter Chiarelli and head coachClaude Julien.Cam Neely, a former Bruins player, was also lured back to the new organization and was named president. These changes were effective. The Bruins record in the 2008–09 season was the second best in the NHL. In 2011, the Bruins won their firstStanley Cup in 39 years after beating theVancouver Canucks in a seven-game series.
During his tenure, Jacobs has been referred to as one of the "most militant hard-line" owners in the NHL. His ownership began when the NHL was locked in a bitter rivalry with the upstartWorld Hockey Association. Jacobs vehemently opposed every proposal for an amalgamation with the WHA, in large part because of the close proximity of the WHA'sNew England Whalers. Jacobs was one of three owners (along with theToronto Maple Leafs'Harold Ballard and theLos Angeles Kings'Jack Kent Cooke) to vote against the1979 agreement that saw four WHA organizations (including the Whalers) enter the older league asexpansion franchises, which was not enough votes to block the so-called "merger" although Jacobs nevertheless insisted the Whalers drop their regional moniker and become theHartford Whalers upon entering the NHL.
Jacobs was later accused of being responsible for the2012–13 lockout.[16] Described as "villainous" and a "bully", he was reportedly hated by the players.[17] On the first day of the 2012–13 NHL season after the lockout ended, Jacobs blamed thePlayers' Association for the season's delay, saying of the union, "There was no expression of a desire to make a deal."[16]
Jacobs responded to reports that he was a "hard-liner" in the 2012–13 NHL lockout by saying he put the good of the league ahead of his own interest in keeping the players on the ice.[18]"I'm coming off winning a Stanley Cup (in 2011). I've got a sold-out building. I have a financially sound business. No Debt. Ownership for 37 years," he said. "I'm the last guy that wants to shut this down – absolutely the last one out there."[18]
Despite relinquishing the role of CEO to his son Charlie, he remains very active in the team and still holds the title of NHL Chairman of the Board of Governors.[19]
Forbes estimated his net worth to be US$2.8 billion in November 2021.[20]
In 2007, Jacobs donated $1 million to support an endowed chair in immunology atRoswell Park Comprehensive Cancer Center. The gift was made to Roswell Park's Leaders for Life endowment campaign in honor of Jacobs' brother, the late Dr. Lawrence D. Jacobs, an immunology researcher who died in 2001.[21]
TheUniversity at Buffalo received a $10 million gift from Jacobs, his wife Margaret, and other family members on June 11, 2008, to establish the Jacobs Institute. The Jacobs Institute supports research and clinical collaboration on the causes, treatment, and prevention of heart and vascular diseases. This gift was also made in honor of his late brother, Lawrence. The Jacobs' gift was at the time the largest single gift ever made to the University at Buffalo. The donation also made the Jacobs family the university's most generous donor, with gifts totaling $18.4 million.[22] Jacobs has also served the University at Buffalo as chairman, trustee, and director of its foundation, chairman of the President's Board of Visitors, advisor to the School of Management, and as chairman of the University at Buffalo Council.[23]
The Jacobs family and their company, Delaware North, donated $250,000 to the Martin House Restoration Project in March 2012. They had made an earlier donation of $146,000. The project aims to restore theDarwin D. Martin House inWestern New York, one ofFrank Lloyd Wright's designs.[24]
In November 2012, Jacobs and his family announced a $1 million donation to the Say Yes Buffalo Scholarship. Say Yes Buffalo is "an education-based initiative that provides a powerful engine for long-term economic development, which will radically improve the life course of public school students in the City of Buffalo."[25]
In 2013, Jacobs paid for a two-year study on the nutrition and food preferences of cancer patients.[26] The study, called the Cancer Nutrition Consortium, focused on patient preferences and issues related to their ability to eat and drink while undergoing cancer treatment, including therapies like chemotherapy and radiation. The consortium aimed to help cancer patients make healthy choices that will support their treatment.[27]
On April 17, 2013, Jacobs announced that he had pledged $100,000 on behalf of the Bruins and its players to The One Fund Boston to help victims of theBoston Marathon bombing and their families.[28]
Jacobs, his wife, Margaret, and his family gave $30 million to the University at Buffalo's medical school at the Buffalo Niagara Medical Campus. The school was renamed theJacobs School of Medicine and Biomedical Sciences. The donation is the second largest ever in school history. The donation brought the Jacobs family's total contributions to the University at Buffalo to more than $50 million.[29]
Jacobs is also heavily involved in the funding of theBoston Bruins Foundation, which was founded and is chaired by his son Charlie. The Bruins Foundation provides grants to local organizations that seek to improve the lives of children through education, health, athletics, and a broad range of community outreach projects.[30]
In July 2015, Jacobs donated $250,000 to Iroquois Central High School inElma, NY for the improvement of its athletic fields.[31] Part of Jacobs’ East Aurora, NY estate is located in Elma.
Jacobs holds honorary doctorates from the University at Buffalo, Canisius College, Johnson and Wales University, and Niagara University, where he was awarded an honorary doctor of commercial science in October 2013.[32][33][34]
He is currently serving his second term on theU.S. Department of Commerce Travel and Tourism Advisory Board.[35] Members of the board are selected by theSecretary of Commerce and advise the Secretary on government policies and programs that affect the U.S. travel and tourism industry.
Jacobs has made substantial contributions to the presidential campaigns ofGeorge W. Bush,John Kerry,Mitt Romney,Hillary Clinton,Joe Lieberman, andJohn Edwards.[36] He reportedly contributed over $650,000 to municipal elections in the village ofWellington, Florida. The Jacobs family has been involved in a dispute with developer Mark Bellissimo over proposed development within Wellington's Equestrian Preserve of a majorequestrian sports complex near his home in the village.[37]
Jacobs also owns an interest inNESN, the New England Sports Network, sharing ownership withJohn Henry, a friend and owner of theBoston Red Sox.
Jacobs' father Louis was the owner of many sports teams along with his business empire that included owning theCincinnati Royals of theNational Basketball League, theBuffalo Bisons and theProvidence Reds of theAmerican Hockey League, theBuffalo Bisons of theInternational League inMinor League Baseball, and theIce Follies along with being the owner of theBuffalo Memorial Auditorium and theCincinnati Gardens.
Jacobs and his wife Margaret reside inElma, New York and inWellington, Florida. They have six children (three sons and three daughters), eighteen grandchildren, and two great-grandchildren.[38] Their children are:
| Preceded by | Boston Bruins principal owner 1975–present | Succeeded by Current |
| Preceded by | Chairman of the NHL Board of Governors 2007–present | Succeeded by Current |
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