This just in, longtime Boston Bruins owner Jeremy Jacobs has reportedly given up his ownership stake in the team, handing over control of the team to his six children.
This report courtesy of the Boston Globe’s Kevin Paul Dupont.
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The 80 year old Jacobs bought the Bruins franchise in 1975, for roughly $10 million, and has held it under his name for the last 44 years.
“I have given it to my kids,” said Jacobs. “They are paying me some of the proceeds that come out of this. It happened this year. This was done on the basis that the longevity is going to continue in the hands of the Jacobs children, and the next generation will have it.
“Hopefully, it will continue to be a successful franchise.”
Jacobs is an extremely divisive figure in Boston sports. Sure, the team has had some measure of success under Jacobs, but the fiscally conservative owner has also imposed his will over the team in more than a few instances. He’s a central figure whenever labor talks go south with the NHLPA and he has more or less driven superstar players like Raymond Bourque out of town due to his tightfistedness. Jacobs is estimated to have a net worth of $4.3 billion.