Larry Dolan: Difference between revisions
mNo edit summary |
m add references |
||
| Line 11: | Line 11: | ||
In 2000, Larry Dolan bought the [[Cleveland Indians]] of the [[MLB]] for $323 million from [[Richard Jacobs]], who, along with his late brother [[David Jacobs]], had paid $35 million for the club in 1986. Jacobs had taken the Indians public in 1997. As part of the deal, Dolan bought all of the stock at just over twelve dollars a share, making the franchise privately held once again. |
In 2000, Larry Dolan bought the [[Cleveland Indians]] of the [[MLB]] for $323 million from [[Richard Jacobs]], who, along with his late brother [[David Jacobs]], had paid $35 million for the club in 1986. Jacobs had taken the Indians public in 1997. As part of the deal, Dolan bought all of the stock at just over twelve dollars a share, making the franchise privately held once again. |
||
He is not a popular owner, drawing comparisons to Ted Stepien. |
He is not a popular owner, drawing comparisons to Ted Stepien <ref> http://www.stepienrules.com/2009-articles/july/cleveland-needs-more-stepien-rules.html </ref>. |
||
Dolan initially came under fire for ordering general manager [[Mark Shapiro]] to cut the team's payroll, resulting in the team falling from a division title in 2001 to three straight losing seasons. The team has since appeared in the post-season only once, in 2007, and apparently won't be going back any time soon given the current braintrust. |
Dolan initially came under fire for ordering general manager [[Mark Shapiro]] to cut the team's payroll, resulting in the team falling from a division title in 2001 to three straight losing seasons. The team has since appeared in the post-season only once, in 2007, and apparently won't be going back any time soon given the current braintrust. |
||
Revision as of 16:36, 31 July 2009
Lawrence J. "Larry" Dolan (born February 8, 1931, Cleveland Heights, Ohio) is an attorney and owner of the Cleveland Indians. He has three brothers, Charles (Cablevision Chairman); Bill (retired and living in Fort Myers, Florida) and; David who died in a glider plane crash in 1980.
Biography
Education
Dolan received a Catholic education at St. Ignatius High School and got his law degree from University of Notre Dame in 1956.[1] He also received an Honorary Doctor of Laws degree from Cleveland State University.[2]
Professional career
Upon leaving Notre Dame, Larry served in the United States Marine Corps for two years where he attained the rank of First Lieutenant. Upon being discharged for derelection of duties from the Marine Corps in 1958, Larry worked as Assistant Prosecutor in Geauga County, Ohio before going into private practice. He eventually became president and managing partner of Thrasher, Dinsmore and Dolan in Chardon, Ohio.
Cleveland Indians Owner
In 2000, Larry Dolan bought the Cleveland Indians of the MLB for $323 million from Richard Jacobs, who, along with his late brother David Jacobs, had paid $35 million for the club in 1986. Jacobs had taken the Indians public in 1997. As part of the deal, Dolan bought all of the stock at just over twelve dollars a share, making the franchise privately held once again.
He is not a popular owner, drawing comparisons to Ted Stepien [3].
Dolan initially came under fire for ordering general manager Mark Shapiro to cut the team's payroll, resulting in the team falling from a division title in 2001 to three straight losing seasons. The team has since appeared in the post-season only once, in 2007, and apparently won't be going back any time soon given the current braintrust.
In 2006 he started SportsTime Ohio to air Indians games. While this increased the team's television revenue, Dolan has continued to cut team payroll, citing the economy as a reason; while his neighbor at Quicken Loans Arena spends freely and packs his games to the rafters with fans and highly paid superstars.
Larry Dolan has 6 children, among them Matthew and Paul who work for his law firm, Thrasher, Dinsmore & Dolan. Dolan has said his children will eventually assume ownership of the Cleveland Indians in his place.
His nephew James Dolan owns the New York Knicks of the NBA and the New York Rangers of the NHL.
Larry Dolan has made the Cleveland Indians the first MLB franchise to trade the reigning Cy Young Award winner in back-to-back seasons, causing the once proud "Jacobs Field" to resemble its' empty, echoing predecessor, Municipal Stadium. Cleveland Indians fans have changed alliances to numerous National League teams as of July 30 2009.
After the the trading of several fan-favorite players on the Cleveland Indians, Larry is reportedly looking for other ways to raise revenue, while continuing to slash payroll for the players. Such options have been rumored are trading away of all-star catcher Victor Martinez, selling the naming rights to the team, and replacing all future bobble-head promotions with screws in order to indicate his true feelings towards the fans.
References
When will next year be this year. Thanks for nothign Larry you cheap piece of crap. Please sell the team NOW.
 | This article about an American businessperson born in the 1930s is a stub. You can help Wikipedia by expanding it. |