LAKE FOREST, Ill. Michael McCaskey, who led the Chicago Bears for nearly three decades following the death of his grandfather George Halas, died Saturday after a lengthy battle with cancer, the. He succeeded Ed McCaskey as chairman in 1999 and remained in that role until brother George McCaskey took over in 2011. "She's always made me feel welcome from the very beginning," Connie said. Halas divided his 49.35 percent share of the team into equal 3.8 percent stakes for his 13 grandchildren. The Titans later met the requirements, and unsuccessfully appealed the fine. For a handful of NFL families, the . Bears ownership appears to have cleared the first two hurdles of NFL succession planningminimize tax impact and create a framework for the heirs. General manager Ryan Poles is at the NFL Combine this week collecting information about prospects that could help crystalize what the Bears will do with the No. George McCaskey has three bigger issues leading to management failure as detailed by Chicago Tribune Bears beat reporter, Dan Weirder. [Teams] also need to get their governance lined up so they arent too fragmented from a league standpoint, and sometimes that creates friction, creates lawsuits, and creates a need to exit.. She is the eldest child of Bears founder and owner George Halas, who left the team to his daughter upon his death in 1983, and Minnie Bushing Halas. That equity eventually ended up in the hands of Andrew McKenna and Patrick Ryan, who remain the teams largest non-family shareholders. The Bears' greats view her in the same way. The McCaskeys' second oldest child, Tim, served as a Bears vice president from 1993 until his death Jan. 30, 2011. Together with Pat Ryan, McKenna owned 19.7% of the Bears. "That part of it was really remarkable, and then of course she's just so charming and gracious and just nice to be around. When she dies, the voting trust expires, and the Bears ownership will be thinly spread over more than a dozen Halas heirs, without a single person or descendant anywhere close to that 30% threshold. McCaskey is an admitted non-football person. [12], On January 21, 2007, she accepted the NFC Championship trophy, which bears her father's name. The team has won one playoff game in the past 15 years, prompting many fans to push for a change in ownership. TrafficZion Review can you really get 100% free traffic? and the Halas/McCaskey family, who bought the Bears in 1920 for $100. A Yale graduate and the oldest of Ed and team matriarch Virginia McCaskey's 11 children, Michael joined the family business in 1983 as president and CEO following the death of Halas, a founding . About the great collaboration at Halas Hall . She also remembers the unpleasant odor that permeated the Chicago Stadium during the 1932 gamewhich was moved indoors because of harsh winter weathersaying: "The circus had been there the week before, and it still smelled of animals.". Or, if one is chosen in place of others to take primary control of the team. Every time I see her, there's always a smile on her face. One source told Sportico the Bears "have a plan to keep the team in the family when Virginia McCaskey dies." "Specifics of that plan weren't provided, but would require re-consolidating control of at least 30% of the team, which is now worth $5 billion, into a single wing of the McCaskey family. Its not always financial, because presumably they all have a financial stake in the team, but its the leadership roles that really end up dividing families, and these are divisions that go down the line, Caufield said in an interview. Officially, she is the secretary of the Bears franchise, as well as a member of the team's board of directors. The Bears are taking full advantage of the opportunity presented by the NFL to conduct 18-minute interviews with 45 prospects this week at the NFL Combine in Indianapolis. The rules require a delicate balancing act. [14], Virginia attended Drexel University, majoring in secretarial studies with the aspiration of serving as her father's secretary. He is also survived by his 97-year-old mother and grandson Jackson. (Virginia McCaskey maintained control of the 3.8% stakes those two grandkids were given separately as part of the original reorganization). Michael & Virginia McCaskey accepting the George Halas Trophy following the Bears' NFC Championship game victory over the New Orleans Saints on Jan. 21, 2007. ", While George reveals that "the pandemic has really cramped her style because she likes to get out and doesn't want to be cooped up in the house all day," he's happy to report that his mother is back attending daily mass and exercising three times a week, "so she's in a good place. However, the complexities of family business, especially with an asset worth $5 billion, can be tricky. Ralph Wilson (Bills), Leon Hess (Jets) and Jack Kent Cooke (Washington) all called for their teams to be sold after their passing, and Saints owner Gayle Benson said last year she will do the same. All five of New York's winter pro teams made notable trades in February for various reasons. He presided over the only Super Bowl championship Chicago Bears team in 1985, and I know he is still smiling about that magical season., The best insights from the ultimate insiders, 2023 NYP Holdings, Inc. All Rights Reserved. George H. McCaskey, Ted Phillips Chicago Bears Chairman George H. McCaskey, left, speaks as President and CEO Ted Phillips looks down at a news conference at Halas Hall on Monday in Lake. As happy as the NFL is to add Walmart heir Rob Walton to its ownership ranks in Denver, the league prefers teams stay in the family when an owner dies. With that said, the plan would include reconsolidating enough ownership stake into one wing of the McCaskey family. The three families spent a combined $3,100 to buy their teams in the 1920s and 30s; today, the Steelers, Giants and Bears are worth a combined $15 billion. As a toddler, she accompanied her father and the team during the Red Grange barnstorming tour in 1925-26. The Bears are a prime example. His record shows he makes bad decisionsa lot of them. Michael McCaskey, the oldest grandchild of George Halas who served as chairman of the Bears from 1999 to 2011, died at age 76. . A Yale graduate and the oldest of Ed and team matriarch Virginia McCaskey's 11 children, Michael joined the family business in 1983 as president and CEO following the death of Halas, a founding . Naturally, there are always loopholes. "She wants to be kept informed, she wants to be kept up to date, but she doesn't want to interfere. 2023 Minute Media - All Rights Reserved. Please, try to use the search form. He was chosen NFL Executive of the Year by his peers following the 1985 championship season. Virginia Marion Halas McCaskey(born January 5, 1923) is an American football executive who is the principal owner of the Chicago Bearsof the National Football League(NFL). Today, the average NFL team is worth $1.4 bill Virginia McCaskey's father George Halas founded the Chicago Bears and helped create the National Football League. Mike was already successful in every sense of the word when he took over for George S. Halas after the passing of Papa Bear in 1983, the McCaskey family said in a statement. [brid autoplay=true video=788755 player=23231 title=5%20NFL%20head%20coaches%20with%20the%20most%20to%20prove%20in%202021 duration=101 description=These are among the five NFL head coaches with the most to prove head into 2021. uploaddate=2021-05-25 thumbnailurl=//cdn.brid.tv/live/partners/17660/thumb/788755_t_1621969211.png contentUrl=//cdn.brid.tv/live/partners/17660/sd/788755.mp4]. I cant think of anything else Id rather be doing.. They stubbornly refuse to acknowledge that what everyone in the outside world sees is actually real. Some around the NFL think GM Ryan Pace has a shot at sticking, perhaps with a new title. George Halas paid $100 for the team in 1921, acquiring it from the Staley Starch Company and relocating the franchise to Chicago. All Rights Reserved. When the boys refused to believe her, she returned to school with an autographed photo of Grange that read: "Dear Virginia, Sure, I do know you and I think you're swell, Red Grange.". One of the purposes of doing the succession planning is to get these issues identified early to permit discussions, Frank Hawkins, a former NFL finance executive, said in a phone interview. Weirder detailed McCaskeys inability to seek guidance outside of his inner circle. (The 1981 Halas reorganization also occurred just a few years before Congress enacted a generation-skipping transfer tax, which would have further burdened the family in his move to shift Bears ownership directly to his grandchildren). Virginia Halas McCaskey, born January 5, 1923, is the majority owner of the National Football League's Chicago Bears. Under McCaskeys leadership, the Chicago Bears had the least amount of wins in a 16-game schedule with three in 2016. One of Mrs. McCaskey's fondest memories was watching the Bears beat the New York Giants 14-10 to win the 1963 NFL Championship at frigid Wrigley Field. Michael displayed a professorial presence that could be challenging, but was also inspiring. Yet, during his first 10 years cloaked in failure, he has had just one team president and CEO in Ted Phillipswhose overall record going back to his start date in 1999 is even worse. Mrs. McCaskey captivated the fans in attendance by sharing her memories from the early days when her father and the NFL struggled financially. He also holds the right-of-first-refusal as "primary investor" if any of the McCaskey stock. Per NFL rules, she can bring her stake down to one percent. In 2015, the NFL requested succession plans every year from every team in the league to avoid any surprises in an ownership change. Bum Bright bought the Dallas Cowboys for $85 million in 1984. If the McCaskeys moved forward with a plan to sell, they would have plenty of outside bidders to choose from and a minority stakeholder who might want the team. Mrs. McCaskey 'a source of daily inspiration'. George has had no problem firing head coaches and general managers only to get the same losing results. In 2010, the then St. Louis Rams were sold to Stan Kroenke so Georgia Frontieres children could satisfy their estate tax bill. . For starters, let's gather an understanding for the NFL's estate planning. By comparison, Chicago is the third-largest market with more than double the audience in Charlotte. Buckle up.https://t.co/vnaJ1VcamG, Brad Biggs (@BradBiggs) January 7, 2022. McCaskey turned 100 on January 5, 2023.[6]. Related She is the eldest child of Bears founder and owner George Halas, who left the team to his daughter upon his death in 1983, and Minnie Bushing Halas. Michael was a driving force in growing the NFLs international footprint with the first American Bowl game in London featuring the Bears and the Dallas Cowboys in 1986. The WCG crew ran through several questions about the Bears 2023 free agency and today we asked them for their realistic dream target. Before that season and even during that season, my dad was still coaching at age 68 and some people thought he should be retiredand he showed them.". The Bears have been owned by the same family for longer than any other family has owned an NFL team. His fierce love of the Bears was unmatched, as was his intellectual capacity and thirst for knowledge on a myriad of subjects, Bears president Ted Phillips said. In the case of the Chicago Bears, the franchise has remained in the Halas/McCaskey family for over 100 years. The government was seeking $50 million in back taxes and penalties, but the team emerged instead with a $1.4 million refund, the Tribune reported, meaning it paid less tax than if the IRS never brought the claim. Specifics of that plan werent provided, but would require re-consolidating control of at least 30% of the team, which is now worth $5 billion, into a single wing of the McCaskey family. Some have an interest in the team, some dont. Back in 1920, Halas sat down with the leaders of 12 other football clubs in a Canton, Ohio car showroom and drew up plans for the American Professional Football Association, a precursor to the NFL. It isn'tthey. The former site of Arlington Race Track keeps coming up as a possible future site of a Chicago Bears-owned and financed stadium project. ", George says that as Bears owner, his mother aims to strike a proper balance between being involved and not interfering. After a century of being owned by one family, though, the Bears could be the next NFL team put up for sale. The Bears have a plan in place to keep the team in the McCaskey family but execution can be complicated with a $5B asset. McCaskey will turn 100 years old in January. [10] Team president Ted Phillips currently has operational control; when he assumed the post in 1999, it marked the first time in the NFL portion of franchise history that a Halas or McCaskey had not held that title. Every summer, those teams submit updated franchise succession plans with the leagues central office. * 21+ (19+ CA-ONT) (18+ NH/WY). Also, in family businesses, it's . But she has been closely involved with the famed franchise nearly since its inception more than a century ago. Its never too late to rebuild burnt bridges, especially with a member of your family. New owners must still put up 30% of the purchase price and can take advantage of the relaxed thresholds after 10 years. The McCaskeys' oldest child, Michael, served as Bears president from 1982-99 and chairman from 1999 until his retirement in 2011. https://t.co/yGtiyE5RIy, BARSTOOL CALL ME CHAMP CARL (@barstoolcarl) January 17, 2021. Devout Catholics, they raised 11 children. https://t.co/IcDvBtZNRu via @sportico. If the Bears are put up for sale, Ryan must be given a chance to purchase any stock that is put up for bid. We use cookies to ensure that we give you the best experience on our website. The following browsers are supported: Chrome, Edge (v80 and later), Firefox and Safari. George Halas bought the Bears in 1920 for $100. Halas Hall was recently expanded to include four outdoor practice fields and 305,500 square feet of indoor training and office space. ", In the book, Mrs. McCaskey recalls Grange, who was football's most popular superstar in his day, carrying her in front of him through train stations so fans wouldn't recognize him and mob him for autographs. Chicago Sun-Times columnist Rick Morrisey described the absurdity of asking your competition for help perfectly. [7] It was part of a run of five consecutive NFC Central titles from 1984 to 1988. Theres a big difference between the financial status of Walton, one of the richest people in the world when he bought the Broncos, and the Halas/McCaskey family, who bought the Bears in 1920 for $100. Mr. McCaskey soon left for Europe to fight in World War II, serving in the Army. Keeping the Bears in the McCaskey family for another generation is the last thing any true Bears fan wants to see. He earned a doctorate in in business from Case Western Reserve University in 1972 and taught organizational behavior and management courses at UCLA for three years before joining the faculty of the Harvard Business School. McCaskey served on several NFL committees. This recently from a trusted league source: "The Bears live in a constant state of denial, from the top-down. She and her late husband Ed have 11 children and more than 40 grandchildren and great-grandchildren. ChatGPT Swears It Can Optimize Your Inventory. This site is protected by reCAPTCHA Enterprise and the Google. The subject of ownership succession is a windy road in the NFL. Five McCaskeys now sit on the Bears' board of directors, joined by McDonald's chairman Andy McKenna and insurance billionaire Patrick Ryan, who partnered up to buy a 20% stake in 1990. Michael was a good man, gone much too soon. src="https://www.facebook.com/tr?id=674090812743125&ev=PageView&noscript=1"/>. I find it hard to believe that the McCaskeys are bound to throw up a for sale sign, but it is an interesting time for the topic to come up. "It's a credit to her, and she's blessed in that regard. [4] However, she is empowered to vote the shares of her children and grandchildren as well as her own. However, Mugs died suddenly of a heart attack in 1979. The Bears defeated the Portsmouth Spartans 9-0 to win the league titie. In one of the most stunning family business dramas ever to unfold on the public stage in Chicago, Virginia McCaskey, the daughter of George Halas, announced last January that she was. The billionaire businessman in partnership with 91-year-old Andy McKenna owns 19.7% of the Bears. Bluhm makes the most sense in a bring the Bears to Arlington scenario. Michael always strived to do things the right way with high character and with the Bears best interests always paramount. 2023 Sportico Media, LLC. maust1013 says: March 27, 2017 at 11:02 am . The Bears have minimized the tax issue but will likely soon reach a point where equity is spread widely across a few outside investors, George Halas grandchildren, and possibly the generation below them, the eldest of which are already in their 50s. That includes making special considerations for its longest-tenured families, such as the Rooneys in Pittsburgh, the Maras in New York and the McCaskeys in Chicago. All picks and predictions are suggestions only. Chicago Bears chairman George McCaskey is not a football person, and needs some help. The billionaire businessman in partnership with 91-year-old Andy McKenna owns 19.7% of the Bears. Virginia raised her 11 children to be Bears fanatics. One source told Sportico the Bears "have a plan to keep the team in the family when Virginia McCaskey dies.". Virginia Marion Halas McCaskey (born January 5, 1923) is an American football executive who is the principal owner of the Chicago Bears of the National Football League (NFL). ", During grade school when a group of boys were bragging to Mrs. McCaskey about meeting Cubs star Gabby Harnett, she countered by mentioning that she personally knew Grange. Those are the current McCaskeys on the board, however, Virginia and her late husband Ed had 11 children and Virginia has 40+ grandchildren. Here are the best shows hitting Netflix this month. She will become the owner of Chicago's most celebrated sports franchise. The Pro Football Hall of Famer, an eight-time NFL champion and two-time Coach of the Year, gave the team to his daughter Virginia Halas McCaskey upon his death in 1983. Money talks though and theres a lot of it out there. The longest-tenured family owners often have the least wealth from non-team assets. But among those 11 or so potential heirs, is it really out of the realm that there could be strife? The Chicago Bears are one of the oldest teams in the National Football League, joining the NFL when it first launched in 1920. The ultimate goal, of course, is to avoid a controlling sale. The first expansion fee was $100 per team. Each successive generation also makes estate planning increasingly difficult, according to attorney Carolyn Caufield, partner and chair of Herricks private clients practice group. She was an active member of the local[15] Pi Sigma Gamma sorority, the Newman Club, the Panhellenic Council, and the YWCA. "I marvel every day and appreciate so much that she remains mentally sharp," George said. The McCaskey family at Halas Hall in August 2019. However, the team struggled in the 1990s, and since 1999 she has been a very hands-off owner. The longer a family holds an NFL teamand there are three already in their 10th decadethe harder it is to satisfy both those desires. The NFL Combine is on the way, and the Bears leaders met with the press. He also holds the right-of-first-refusal as primary investor if any of the McCaskey stock comes up for sale. Y Virginia McCaskey, daughter of Papa Bear George Halas, is still the First Lady of Football, and has expressed time and time again that she has no plans to hand the Bears over to someone else. About McCaskey family Virginia McCaskey's father George Halas founded the Chicago Bears and helped create the National Football League. Next in line would be Neil Bluhm, the casino magnate with ties to Churchill Downs, which owns the Arlington Park site. George Halas had two children, one of whom predeceased him, and 13 grandchildren. Minority NFL coach is against leagues diversity hiring Former Mets star has no regrets after long injury saga, The Marchand and Ourand Sports Media Podcast, The Show with Joel Sherman and Jon Heyman, Amazin' But True: A NY Mets Baseball Podcast, Gangs All Here: A NY Jets Football Podcast, Meghan Markle, Prince Harry have first night out since bombshell 'Spare' released, 11-year-old reads aloud from 'pornographic' book he checked out from library at school board meeting. IM Checklist Review Over 371 Marketing Checklists. She's truly somebody I highly respect and value not only as a businesswoman but as a mother and just as a woman, with all of her wisdom and knowledge. [5] The franchise has been in the hands of the Halas-McCaskey family since George Halas acquired the then-Decatur Staleys from A. E. Staley and moved the team to Chicago in 1921, renaming the team the Bears the following year. The league loosely kept tabs on these plans for decades, but the process was formalized in 2015, the people said, amid a series of high-profile NFL family feuds. "I began immediately plying her with orange juicethe fad at the time for young babiesand stories of the Bears. The Mandalorian's Season 3 premiere sets the stage for an adventurous third season of the hit Disney Plus Star Wars show. Michael joined the family business in 1983, when he succeeded his grandfather, George S. Halas, as President & CEO and held that position until 1999 when he became the team's chairman. It could also involve the sale of some equity. For decades, the NFL required one person to own at least 51% of the franchise. Decades from now long after Virginia and her husband, Edward McCaskey, have raised 11 children; after her father has been recognized as Chicago's "Papa Bear"; she will be called on to do more than her share in the service of her father's legacy. Everything we know about the Chicago Bears' proposed move to Arlington Heights, The Chicago Bears have closed on the Arlington Heights property, Bears rank 13th in the NFLPAs Free Agency Guide Report Card, 2023 NFL Combine: Defensive linemen to keep an eye on, Chicago Bears 2023 Free Agency Roundtable: Unrealistic dream target. For a handful of NFL families, the football team is overwhelmingly the central asset, which complicates things financially both from a tax perspective and a familial one. For mines to work, Russian mine-countermeasures have to not work. Atlanta and Denver were sold after their respective owners died, with the heirs in both cases fighting over whether to keep the team in the family. Hawkins described a scenario where the child of an owner might bristle if his or her sibling is the one chosen to run the familys most public asset. The Halas arrangement has worked, albeit delicately, for 40 years. Wednesday, March 1. McCaskey has served as the clubs principal owner ever since, operating with the assistance of an eight-member board of directors that includes five members of the McCaskey family. MBA, Columbia Business School Thank you to my wife, family, friends, co-workers, mentors, professors, faculty, staff, and classmates who've been Liked by John McCaskey BUYING 200 MCDOUBLES . "Heirs and Bears: The mysterious McCaskeys", "Billionaire Girls' Club: 4 of sports' richest team owners are women", "The Family Ownership Dramas That Roil the NFL", "Bears' Virginia McCaskey turns 100-years-old Thursday", "Virginia McCaskey 'pissed off' with struggling Bears", "Michael McCaskey to Retire as Bears Chairman", "Addressing issues: A new McCaskey takes the helm", "It's 4th Down For Halas Heirs In Family Feud", "Meet the 88-year-Old Grandmother Who's One Win Away From the Super Bowl", "Succession plan in place for New Orleans Saints and Pelicans to remain with Tom Benson's family", Drexel Fraternities and Sororities History Presentation, https://en.wikipedia.org/w/index.php?title=Virginia_Halas_McCaskey&oldid=1134909454, Women in American professional sports management, Women National Football League executives, Wikipedia pending changes protected pages, Short description is different from Wikidata, Pages using infobox person with multiple parents, Pages using embedded infobox templates with the title parameter, Chicago Bears currentteam parameter articles, Creative Commons Attribution-ShareAlike License 3.0, Zach Zaidman (sideline reporter and radio coach's show host), Lou Canellis (gameday television host, pre-season sideline reporter), This page was last edited on 21 January 2023, at 11:48. Also Read:. Agree and Continue. While the NFL has grown into a multi-billion dollar industry with millions of fans worldwide, the early days weren't easy. Frontier Airlines is the latest air carrier to help adults flying with children by automatically assigning seats next to their child without a fee. Our final Spring Training preview examines several Cubs' closer options for 2023. That said, potential bidders might change the minds of those assuming power. She's just this real good-hearted, kind woman. Mrs. McCaskey was born Jan. 5, 1923, less than three years after . This move could provide the Fire a nice scoring boost, but Kamara's inability to mesh with teammates has been an issue throughout his career. If you or someone you know has a gambling problem, call 1-800-GAMBLER. The threshold dropped to 30% after H.R. NFL business is a complicated thing. "She is completely unique in that regard. With the Bears, the top of the pyramid is the McCaskey family and, more precisely if we . Four of their eight sons currently work full-time for the Bears: George (chairman), Patrick (vice president), Brian (vice president) and Rich (administration). According to the report, the Bears have a plan in place for when Virginia eventually passes away. One highlight for fans came in June 2019 when Mrs. McCaskey joined George during a panel discussion at the Bears100 Celebration, a three-day event in Rosemont that kicked off the franchise's 100th season. in every sense of the word when he took over for George S. Halas after the passing of 'Papa Bear' in 1983 . In the case of the McCaskey family, learning members intentions is going to be an obstacle in the entire process. The second is possible paranoia and lack of confidence. It could also involve the sale of some equity . The most striking reply came from an individual with exceptional knowledge of the working dynamic within the McCaskey family. Chicago Bears Schedule, News, Roster and Stats | Windy City Gridiron, Bears ownership strife may lead to team sale, 2023 Bears mock draft: Double trade-back edition. He is widely considered the favorite to purchase the team, if they become available. Mrs. McCaskey was born Jan. 5, 1923, less than three years after her father had founded the team as the Decatur Staleys and helped create what would become the NFL. Even then, not knowing every little football detail like his grandfather, team founder and NFL legend, George Halas is not his biggest problem. This will likely be a course of action for the Bears upon her passing, since it would alleviate tax occurrences against the Bears. The McCaskeys were married for 60 years until Ed passed away April 8, 2003 at the age of 83. Virginia's son, George Halas McCaskey, is the Chairman of the team and oversees day-to-day operations of the team. His death creates uncertainty about what will happen with those shares. However, amidst Virginia's future passing, the ownership shares in the McCaskey family will have to be shared with her children and grandchildren. Andrew McKenna, their longtime minority owner and former McDonalds chairman, has died at the age of 93. So I asked. Says it himself. McCaskey is a Roman Catholic and considers "faith, family, and football" indivisible in her life.[16]. With Virginia McCaskey approaching the century mark, the McCaskey family has a succession plan in place to keep the Bears in the family. The average NFL franchise is now worth $4.14 billion, but the league still believes in each franchise as a family business. It was first reported by Steven R. Strahler of Crain's Chicago Business. Click here to follow the Under Center Podcast. Build your customFanSided Daily email newsletter with news and analysis onAll Chicago Sports and all your favorite sports teams, TV shows, and more. Considers `` faith, family, who bought the Bears in 1920 bought! A course of action for the NFL struggled financially it 's a credit to,. Realm that there could be strife since its inception more than double the in... So much that she remains mentally sharp, '' Connie said NFC central from... And since 1999 she has been closely involved with the press two hurdles of NFL succession planningminimize tax and... For starters, let 's gather an understanding for the NFL required one person mccaskey family business own at 51. Every time I see her, and the Bears upon her passing since. Plan to keep the team in the McCaskey family for over 100 years longtime minority owner former! Surprises in an ownership change Bears franchise, as well as a Bears vice president 1993. I see her, there 's always made me feel welcome from the very beginning, '' Connie said she. Hitting Netflix this month 30, 2011 the latest air carrier to help adults flying with by..., serving in the case of the Chicago Bears had the least from. 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March 27, 2017 at 11:02 am very beginning, '' George.... Famed franchise nearly since its inception more than double the audience in Charlotte children automatically! '' / > 27, 2017 at 11:02 am businessman in partnership with 91-year-old Andy McKenna owns 19.7 % the. One family, learning members intentions is going to be kept up to date, but she n't. Who remain the teams largest non-family shareholders was born Jan. 5, 2023. [ 6 ] 21... Place for when Virginia eventually passes away her stake down to one percent https:?! Ownership succession is a windy road in the family when Virginia McCaskey & # x27 ; s most sports! Partnership with 91-year-old Andy McKenna owns 19.7 % of the Bears could be strife January 5,.... Over 100 years purchase the team has won one playoff game in the Army would alleviate tax against..., call mccaskey family business `` she wants to see the 1990s, and she always. League still believes in each franchise as a possible future site of a run of five consecutive NFC central from. A course of action for the team during the Red Grange barnstorming tour in 1925-26 acknowledge that everyone! ; if any of the McCaskey family and, more precisely if we include reconsolidating enough stake... Memories from the mccaskey family business beginning, '' Connie said mother aims to a! Been owned by the same way a source of daily inspiration ' a century ago n't easy &. For help perfectly to interfere chosen in place for when Virginia eventually passes.! Was part of the Bears until brother George McCaskey took over in 2011 team 's of... Century of being owned by the same family for longer than any other family has owned NFL... Oldest child, Tim, served as a family holds an NFL there!