Highlights
Chicagoan Sam Zell, a billionaire entrepreneur, is probably best known for his massive real estate holdings. In 2007, he sold his publicly traded US office portfolioEquity Office Properties Trustfor $39 billion in what was then considered the largest private equity transaction ever. A self-described "professional opportunist," he also has invested in companies around the world with holdings as varied as supermarkets, wineries, barges and compressors for the energy industry.
Ultimately, "I'm a capital markets person," he has said. In 2007, Zell led a transaction to take Tribune Co. private with an Employee Stock Ownership Plan in a deal valued at $8.2 billion. Zell is the chairman of...
Ultimately, "I'm a capital markets person," he has said. In 2007, Zell led a transaction to take Tribune Co. private with an Employee Stock Ownership Plan in a deal valued at $8.2 billion. Zell is the chairman of...
Chicagoan Sam Zell, a billionaire entrepreneur, is probably best known for his massive real estate holdings. In 2007, he sold his publicly traded US office portfolioEquity Office Properties Trustfor $39 billion in what was then considered the largest private equity transaction ever. A self-described "professional opportunist," he also has invested in companies around the world with holdings as varied as supermarkets, wineries, barges and compressors for the energy industry.
Ultimately, "I'm a capital markets person," he has said. In 2007, Zell led a transaction to take Tribune Co. private with an Employee Stock Ownership Plan in a deal valued at $8.2 billion. Zell is the chairman of five public companies and was positioned in late 2007 to become chairman of Tribune, with its roster of newspapers, radio and television stations. In the 1960s, while a student at the University of Michigan where he eventually earned a law degree, Zell started his real estate career managing southeast Michigan apartment buildings. Over time, he invested and diversified. "Generally, we like simple themes and real assets," he said. "It gives us something to work with, unlike the dot-coms. When they got into trouble, there were no assets there." During the real estate recession of the 1990s, he was a key force in transforming the nation's property industry from an idiosyncratic business with opaque finances to the much sought-after, publicly traded core asset class of recent years. As he scans investment opportunities, what matters most to him is effective management. "An average company with good management can be fine," he said. "A good company with lousy management won't succeed." Not conventionally buttoned-down, Zell tends to tread his own path. In his early business career, he shed the requisite suit and tie for jeans and sweaters. He is an avid skier, racquetball player and motorcyclist.
Ultimately, "I'm a capital markets person," he has said. In 2007, Zell led a transaction to take Tribune Co. private with an Employee Stock Ownership Plan in a deal valued at $8.2 billion. Zell is the chairman of five public companies and was positioned in late 2007 to become chairman of Tribune, with its roster of newspapers, radio and television stations. In the 1960s, while a student at the University of Michigan where he eventually earned a law degree, Zell started his real estate career managing southeast Michigan apartment buildings. Over time, he invested and diversified. "Generally, we like simple themes and real assets," he said. "It gives us something to work with, unlike the dot-coms. When they got into trouble, there were no assets there." During the real estate recession of the 1990s, he was a key force in transforming the nation's property industry from an idiosyncratic business with opaque finances to the much sought-after, publicly traded core asset class of recent years. As he scans investment opportunities, what matters most to him is effective management. "An average company with good management can be fine," he said. "A good company with lousy management won't succeed." Not conventionally buttoned-down, Zell tends to tread his own path. In his early business career, he shed the requisite suit and tie for jeans and sweaters. He is an avid skier, racquetball player and motorcyclist.
Displaying items 1-12 of 153
» View baltimoresun.com items only
1
2
3
4
5
6
7
8
9
10
11-13
•
Next >
-
Fan gain, franchise pain?
Tribune reportersThe tumultuous economy has played havoc with Tribune Co.'s plans to sell the Chicago Cubs, making it harder for prospective buyers to raise money and throwing into question the value of the storied franchise. The impact also has trickled down to an issue...Tags: Chicago Cubs, Sales, Boston Red Sox, Major League Baseball, Real Estate Transactions
-
MLB rules postseason games will not be shortened
There has never been a rain-shortened game in the postseason, and now there never will be. Baseball commissioner Bud Selig announced the sport will enact a rules change stating that postseason games cannot be shortened because of bad weather. ''All...Tags: Chicago Cubs, Sandy Koufax, Major League Baseball, Disasters, Tribune Co.
-
MLB says Tribune sets Dec. 1 deadline for Cubs bids
The Associated PressBidders for the Cubs have until Dec. 1 to submit offers, Major League Baseball said Wednesday after a meeting of its ownership committee. Bob DuPuy, baseball's chief operating officer, said representatives of four bidders have met in New York in recent...Tags: Chicago Cubs, Major League Baseball, Vornado Realty Trust, Insider Trading, Tribune Co.
-
Major League Baseball sets Dec. 1 deadline for bids for Cubs
Associated PressMajor League Baseball says the deadline to submit bids to buy the Chicago Cubs is Dec. 1. Bob DuPuy, baseball's chief operating officer, said representatives of four bidders have met in New York in recent weeks with officials from the commissioner's...Tags: Chicago Cubs, Major League Baseball, Tribune Co.
-
Must go 9: Baseball to enact rule that postseason games can't be shortened by weather
AP Baseball WriterNEW YORK (AP) _ There has never been a rain-shortened game in the postseason, and now there never will be. Baseball commissioner Bud Selig announced the sport will enact a rules change stating that postseason games cannot be shortened because of bad...Tags: Chicago Cubs, Federal Reserve, Major League Baseball, Tribune Co., George Steinbrenner
-
Charges dent Cuban's Cubs bid
Tribune reporterInsider-trading charges brought Monday against Mark Cuban, an Internet entrepreneur and owner of the Dallas Mavericks basketball team, could weaken his chances of buying the Chicago Cubs. There already was doubt whether other baseball owners would...Tags: Chicago Cubs, U.S. Securities and Exchange Commission, Sales, Major League Baseball, Chicago Real Estate
-
SEC files insider-trading charges against Mark Cuban
Mark Cuban, the outspoken Internet entrepreneur and owner of the Dallas Mavericks basketball team, was accused by federal regulators Monday of illegal insider trading, an allegation that could jeopardize his chances of buying the Chicago Cubs baseball...Tags: Chicago Cubs, U.S. Securities and Exchange Commission, Major League Baseball, Prosecution, Insider Trading
-
Mavs likely not affected by Cuban's insider-info allegation; could be strike in Cubs bid
AP Sports WriterDALLAS (AP) _ Since buying the Dallas Mavericks eight years ago, Mark Cuban has turned the team around and made himself one of the most visible owners in pro sports. Along the way, he's picked up his share of critics. Some say he's a nuisance to the NBA,...Tags: Chicago Cubs, John O'Connor, Major League Baseball, Prosecution, Boston Red Sox
-
Dec. 1 Deadline For Bids On Cubs
Bidders for the Cubs have until Dec. 1 to submit offers, Major League Baseball said Wednesday after a meeting of its ownership committee. The team was put up for sale in April 2007 by Tribune Co., the Cubs' owner as well as corporate parent of The...Tags: Chicago Cubs, Seattle Mariners, Radio Industry, Oakland Athletics, Major League Baseball
-
Red Sox deal Crisp to Royals
The Kansas City Royals picked up the leadoff hitter they had been seeking, acquiring center fielder Coco Crisp from the Boston Red Sox for reliever Ramon Ramirez on Wednesday. Kansas City was 12th among 14 AL teams in runs last season and added power...Tags: Chicago Cubs, Sandy Koufax, Boston Red Sox, Major League Baseball, Tribune Co.
-
Equity International invests in Chinese firm
Tribune staff reporterClosely held Equity International, the Chicago company real estate mogul Sam Zell uses as the vehicle for offshore real estate investments, said it invested $46 million in Shanghai Yupei Co., a privately owned Chinese concern that specializes in...Tags: Property
-
Cubs: Next bids due by Thanksgiving
Tribune staff reporterTribune Co. has asked bidders for the Chicago Cubs to submit new offers before Nov. 27, Thanksgiving day, according to two people involved in the negotiations. The bids have to include details on how the prospective buyers will finance the purchase of...Tags: Chicago Cubs, Financial Markets, Major League Baseball, Tribune Co., Dallas Mavericks
Nov 21, 2008
|Story| Chicago Tribune
Nov 21, 2008
|Story| Allentown Morning Call
Nov 20, 2008
|Story| Associated Press
Nov 19, 2008
|Story| Chicago Tribune
Nov 20, 2008
|Story| Associated Press
Nov 18, 2008
|Story| Chicago Tribune
Nov 18, 2008
|Story| Los Angeles Times
Nov 18, 2008
|Story| Associated Press
Nov 20, 2008
|Story| Hartford Courant
Nov 20, 2008
|Story| Allentown Morning Call
Nov 12, 2008
|Story| Chicago Tribune
Nov 10, 2008
|Story| Chicago Tribune
Original site for Sam Zell topic gallery.
