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Jerry reinsdorf

Jerry reinsdorf

Jerry reinsdorf

Jerry Reinsdorf is an entrepreneur, president of Reinsdorf Properties, and the namesake of the ReinsarDOCTORS plant-based soap brand. Jerry Reinsdorf is best known for his time as owner of the Chicago White Sox. The team won six division titles under his leadership. While Jerry Reinsdorf is known for his success, his life is full of lessons for all of us.

Sport

Since purchasing the White Sox in 1981, the franchise made the playoffs in 1983 for the first time since 1959, and won the World Series in 2005 for the first time since 1917. Reinsdorf moved the White Sox from Comiskey Park to New Comiskey Park in 1991 (now known as Guaranteed Rate Field). In both sporting endeavors, he has developed a reputation as an anti-labor union hardliner. Since the early 1990s, he has been considered one of the most, if not the most, influential basketball owners. He has been influential in instituting the salary cap and revenue sharing.

en.wikipedia.org)By the early 1990s, Reinsdorf and acting Baseball commissioner (as well as Milwaukee Brewers owner) Bud Selig had assumed baseball's mantle of power from Atlanta Braves owner, Ted Turner, and New York Yankees owner, George Steinbrenner, who had in turn taken over the sport from Brooklyn/Los Angeles Dodgers owner, Walter O'Malley, St. Louis Cardinals owner, Gussie Busch, and Oakland Athletics owner, Charlie O. Finley. (Source:

^ "The Rumble: AN OFF-THE-BALL LOOK AT YOUR FAVORITE SPORTS CELEBRITIES" Archived January 11, 2008, at the Wayback Machine, New York Post, December 31, 2006. Accessed December 13, 2007. "The five Erasmus Hall of Fame legends include Raiders owner Al Davis, Bears quarterback Sid Luckman, Yankee pitching great Waite Hoyt, Billy Cunningham and Knicks founder Ned Irish. Other sports notables include Bulls/White Sox owner Jerry Reinsdorf, chess champion Bobby Fischer, ex-Browns head coach Sam Rutigliano, legendary NBA referee Norm Drucker and "Boys of Summer" author Roger Kahn." (Source: en.wikipedia.org)

Greising, David (October 17, 1994). "SPORTS SALARY CAPS: ONE SIZE FITS NOBODY". BusinessWeek. Archived from the original on May 23, 2011. Retrieved October 7, 2008. (Source: en.wikipedia.org)

"RUN, JUMP—AND SELL: Commercial exploitation of sports explodes". BusinessWeek. July 29, 1996. Archived from the original on May 23, 2011. Retrieved October 7, 2008. (Source: en.wikipedia.org)

Starr, Mark (August 8, 1994). "In This Game It's Hard To Root For Either Side: Sports: A Strike May Abort A Grand Baseball Season". Newsweek. Retrieved October 6, 2008. (Source: en.wikipedia.org)

Levy, Steven (June 25, 2007). "Covering All the Online Bases: The digital business of Major League Baseball started out as a mess. Now it has $400 million in revenue and may revolutionize the economics of the sport". Newsweek. Retrieved October 7, 2008. (Source: en.wikipedia.org)

Spurs Sports & Entertainment (Julianna Holt, Chairman & CEO) (San Antonio Spurs) (Source: en.wikipedia.org)

Jerry Reinsdorf made a fortune in sports, buying Chicago teams in the 1980s and watching values skyrocket over the next three decades. (Source: www.forbes.com)

While millions of desk-jockeys live out dreams of sports greatness through Fantasy Baseball, Alex Rodriguez has flipped the script—using his all-star sports status to build a Hall of Fame roster of business’s top mentors. (Source: www.forbes.com)

Chicago White Sox sports franchises. (Source: www.britannica.com Score! This athletic assessment will challenge even the most sports-minded quiz takers. Try it--we’re cheering you on! (Source:www.britannica.com))

In 1981 Reinsdorf acted on his lifetime of sports fandom and purchased Major League Baseball’s White Sox. He helped transform the White Sox into division champions by 1983. The team’s achievements under Reinsdorf compelled him to look to expand his holdings, and in 1985 he led a group that bought the Bulls of the National Basketball Association (NBA). His ownership of the Bulls was even more fruitful, as the team won three consecutive NBA championships from 1991 to 1993 and featured superstar guard Michael Jordan, whose presence greatly helped to make the Bulls one of the most profitable franchises in all sports at the time. (Source: www.britannica.com)

United Center to replace Chicago Stadium—another iconic Chicago sports arena—for the Bulls. Later that year, when players of Major League Baseball went on (Source: www.britannica.com)

Chicago’s love-hate relationship with Reinsdorf took yet another dramatic swing in 2005, when the Bulls returned to the playoffs after an absence of six seasons and the White Sox won their first World Series title in 88 years. Upon the White Sox’ win, Reinsdorf became the second owner to have teams in two different North American sports win world championships. (Source: www.britannica.com)

Jerry Reinsdorf is a Principal at GSIS and is a successful, established businessman with a wide breadth of experience in the fields of law, accounting, real estate, and, most famously, sports. He assumed ownership of the Chicago White Sox in 1981 and the Chicago Bulls in 1985. During that time the teams have delivered seven World Championship titles to the city of Chicago and its sports fans. The Bulls captured six World Championships (1991-93, 1996-98) and the White Sox won the World Series in 2005. Both sports franchises have donated millions of dollars to causes in the Chicago community through a variety of efforts, including CharitaBulls and White Sox Charities. (Source: gsis.us)

In addition to his sports interests, Reinsdorf is an attorney, a certified public accountant and a specialist in real estate securities. In 1987, Reinsdorf completed employment as Chairman of the Board of a real estate investment firm he co-founded in the early 1970’s and sold to American Express. He is also a Partner in Bojer Financial Ltd., a real estate investment company. In addition to serving on the Executive Council of Major League Baseball, he has served on numerous corporate boards and is a Life Trustee of Northwestern University. In 2008 he was appointed a Trustee of the National Baseball Hall of Fame & Museum. (Source: gsis.us)

His commitment to serving the community has earned recognition from organizations such as Keshet, the Interfaith Organizing Project, American Academy of Achievement, Cystic Fibrosis Foundation, the Trial Lawyers Club of Chicago, the Chicago Historical Society, the Chicago Jewish Sporting Hall of Fame, the National Jewish Sporting Hall of Fame, the Chicago Sports Hall of Fame, the Chicago Park District, PUSH, National Italian-American Friendship Award, Northwestern University and the U.S. Air Force. He received an honorary degree in humane letters from Illinois College. He was awarded the Ellis Island Medal of Honor in 1993 and the 1997 Mayor’s Medal of Honor as well as an Order of Lincoln Award. (Source: gsis.us)

But that also means he knows how hard that is to do, especially in modern baseball and especially when you don't have the greatest player in the history of the sport. (Source: www.nbcsports.com)

Reinsdorf said owners are motivated to strike a deal. And with more than 10 times the annual revenue in the sport than there was in 1994, it’s easy to see why. (Source: www.nbcsports.com)

“But it takes two sides to make a deal,” he said during the pregame conversation with NBC Sports Chicago. “[Angels owner] Arte Moreno and I were on the labor committee two labor deals ago, and I learned from that, that the other side doesn’t want to get serious until the end.” (Source: www.nbcsports.com)

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The Sox have spent the last half-decade following the example of the Rays, Cubs, Astros, and Dodgers. But there suddenly seems to be a complete change of direction in how the front office is steering the ship. Harper, Machado, Cole, Wheeler, Springer, Bauer, Ozuna, Cruz ... they all would have been to the Sox what so many other stars were to their respective championship teams. And while only the free agent can ultimately decide where he plays, it’s the owner’s job to make them an offer they can’t refuse. (Source: www.southsidesox.com)

The Padres, Braves, and Phillies are following the same blueprint, and more confidently so. San Diego brought in the aforementioned Machado (not to mention four ace starters) and Philly snagged superstar Bryce Harper (and added Zack Wheeler for good measure). Atlanta, who brought in Marcell Ozuna as the veteran anchor in the lineup last year, retained his services for the next four seasons with an option for a fifth, and added Charlie Morton to an arsenal of starters who had an excellent 2020 campaign. (Source: www.southsidesox.com)

www.celebritynetworth.com)Reinsdorf and team GM Jerry Krause have been criticized in retrospect for not attempting to keep the championship team together following their 1998 win. At the beginning of the 1997-1998 season, Krause reportedly refused to offer coach Phil Jackson a longer term contract. Jordan refused to play for anyone other than Jackson. From their perspective, the players on that team were on their last legs and likely worth more to other teams. So Jerry and Jerry felt it was a win-win to let everyone go and re-build from scratch. Decades later Jordan would complain that he wished he had the chance to go after one more championship. (Source:

CHICAGO (AP) — Martyl Reinsdorf, the wife of Chicago Bulls and White Sox chairman Jerry Reinsdorf, died Monday following a lengthy illness, the teams announced. She was 85. (Source: apnews.com)

Reinsdorf was best known for her work as a designer with Cloisonné jewelry, where she worked for more than 25 years. She also helped design the White Sox championship rings after their 2005 World Series title, and she designed five of the six rings given to the Chicago Bulls following their runs of championships in the 1990’s. (Source: www.nbcchicago.com)

For his focus on the economic bottom line, Reinsdorf has not always been popular with fans. In a reflective moment during an interview with Sports Illustrated, he compared himself to Harry Truman, the man he most admires: "He was the first president to recognize Israel, the one who desegregated the armed forces, the one who gave the go-ahead to drop the atom bomb. . . . He made so many decisions without worrying about the criticism that would follow. He did what he felt was right. You know, Truman left office with a 25 percent approval rating, but history has judged him to be one of the great presidents." (Source: www.encyclopedia.com)

Reinsdorf

Jerry Michael Reinsdorf (born February 25, 1936) is an American billionaire businessman, and 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.

en.wikipedia.org)Since purchasing the White Sox in 1981, the franchise made the playoffs in 1983 for the first time since 1959, and won the World Series in 2005 for the first time since 1917. Reinsdorf moved the White Sox from Comiskey Park to New Comiskey Park in 1991 (now known as Guaranteed Rate Field). In both sporting endeavors, he has developed a reputation as an anti-labor union hardliner. Since the early 1990s, he has been considered one of the most, if not the most, influential basketball owners. He has been influential in instituting the salary cap and revenue sharing. (Source:

On April 4, 2016, Reinsdorf was elected to the Naismith Memorial Basketball Hall of Fame as a contributor. (Source: en.wikipedia.org)

Reinsdorf's first job after graduating from Northwestern in 1960 was a tax delinquency case of Bill Veeck who at the time owned the White Sox. (Source: en.wikipedia.org)

and subsequently then-Illinois Governor James R. Thompson promoted a package of incentives to retain the team in Chicago. The state floated bonds to build New Comiskey Park and let Reinsdorf keep all parking and concession revenues, as well as the $5 million per year from 89 skyboxes. (Source: en.wikipedia.org)

By the early 1990s, Reinsdorf and acting Baseball commissioner (as well as Milwaukee Brewers owner) Bud Selig had assumed baseball's mantle of power from Atlanta Braves owner, Ted Turner, and New York Yankees owner, George Steinbrenner, who had in turn taken over the sport from Brooklyn/Los Angeles Dodgers owner, Walter O'Malley, St. Louis Cardinals owner, Gussie Busch, and Oakland Athletics owner, Charlie O. Finley. (Source: en.wikipedia.org)

Some fans and columnists have accused Reinsdorf of breaking up the championship Bulls team after their third straight title and sixth in eight years, claiming the Bulls could have competed for more titles with Michael Jordan, Scottie Pippen and good support from the rest of the team that in the eight-year span included Dennis Rodman, Horace Grant, Toni Kukoč, Ron Harper, B. J. Armstrong, and coach Phil Jackson. Some accounts claim that because Jackson feuded with both Reinsdorf and Krause and because both Jordan and Pippen were linked to Jackson, the team was broken up. (Source: en.wikipedia.org)

Reinsdorf also endeavored to sell the naming rights to the New Comiskey Park to U.S. Cellular in a $68 million 20-year deal that funded a 7-year $85 million overhaul of the stadium that ended prior to the 2008 Major League Baseball season. The overhaul included the removal of top rows of the upper deck, replacement of the baby blue seats with traditionally-colored green ones and dozens of other upgrades. (Source: en.wikipedia.org)

Reinsdorf feels that if Major League Baseball Players Association chief Donald Fehr had not opposed steroid testing, baseball would have taken a stand against steroid use much sooner. He feels that in the end this delayed action will cost some players election into the National Baseball Hall of Fame. (Source: en.wikipedia.org Reinsdorf has been involved (along with the likes of Playboy Enterprises' Christie Hefner) in Chicago Mayor Richard M. Daley's initiative to improve standardized test scores in the 559 Chicago Public Schools. (Source:en.wikipedia.org))

en.wikipedia.org)He has been a member of the board of directors of Shearson Lehman Brothers, Inc., the Northwestern University Law School Alumni Association, LaSalle Bank, EQ Office and numerous other corporations and charities. He currently serves as a Life Trustee of Northwestern University. Reinsdorf and his wife, Martyl (née Rifkin), have four children and eight grandchildren. (Source:

Throughout the years Reinsdorf has been active in the affairs of baseball, serving on the Executive Council and Ownership, Long Range Planning, Restructuring, Expansion, Equal Opportunity, Strategic Planning, Legislative and Labor Policy Committees of Major League Baseball, he also serves on the Boards of MLB Advanced Media and MLB Enterprises. (Source: en.wikipedia.org)

en.wikipedia.org)^ "The Rumble: AN OFF-THE-BALL LOOK AT YOUR FAVORITE SPORTS CELEBRITIES" Archived January 11, 2008, at the Wayback Machine, New York Post, December 31, 2006. Accessed December 13, 2007. "The five Erasmus Hall of Fame legends include Raiders owner Al Davis, Bears quarterback Sid Luckman, Yankee pitching great Waite Hoyt, Billy Cunningham and Knicks founder Ned Irish. Other sports notables include Bulls/White Sox owner Jerry Reinsdorf, chess champion Bobby Fischer, ex-Browns head coach Sam Rutigliano, legendary NBA referee Norm Drucker and "Boys of Summer" author Roger Kahn." (Source:

Bloom, Barry M. (March 29, 2008). "Robinson, Reinsdorf honored on Friday: Hall of Famer, owner presented with Beacon Awards". MLB Advanced Media, L.P. Retrieved October 26, 2008. (Source: en.wikipedia.org)

Verdi, Bob (February 10, 1985). "Reinsdorf Tackles Bulls By The Horns". Chicago Tribune. Retrieved October 8, 2008. (Source: en.wikipedia.org)

Berkow, Ira (September 6, 1992). "BASEBALL; No Matter What's Said, Reinsdorf Can Be Found in Eye of Storm". The New York Times. Retrieved October 26, 2008. (Source: en.wikipedia.org)

Jerry Reinsdorf made a fortune in sports, buying Chicago teams in the 1980s and watching values skyrocket over the next three decades. (Source: www.forbes.com)

 

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