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In 1982, Ilitch bought the Detroit Red Wings from Bruce Norris (whose family had owned the team for 50 years) for US$8 million, and turned the team into a perennial contender for the Stanley Cup. After years of drafting top picks and grooming their young players, and with proper management and leadership, the Red Wings became an elite NHL team.
WHL owners Frank and Lester Patrick made a deal to sell the league's players to the NHL and cease league operations. The new Detroit franchise purchased the players of the WHL's Victoria Cougars, who had won the Stanley Cup in 1925 and had made the Finals the previous winter, to play for the team.
Ilitch Holdings, Inc. is an American holding company established in 1999 to provide all companies owned by Mike and Marian Ilitch with professional and technical services. Its privately held businesses include Little Caesars Pizza, the National Hockey League (NHL) Detroit Red Wings, the Major League Baseball (MLB) Detroit Tigers, Olympia ...
Mike Ilitch, who has owned the Red Wings since 1982, passed away Friday at 87. Ilitch was inducted into the Hockey Hall of Fame in 2003, and enshrined in the U.S. Hockey Hall of Fame in 2004....
DETROIT (AP) Billionaire businessman Mike Ilitch, who founded the Little Caesars pizza empire before buying the Detroit Red Wings and the Detroit Tigers, and won praise for keeping the...
She also owns the Detroit Red Wings NHL team and MotorCity Casino Hotel; the Detroit Tigers MLB team is owned by a family trust.
Mike Ilitch, the founder of the Little Caesars pizza chain and the long-time owner of the Detroit Red Wings, died at 87 on Friday according to his family. Ilitch’s son, Christopher Ilitch, the President and CEO of Ilitch Holdings, released the following statement on Friday.
Detroit Tigers and Red Wings owner Mike Ilitch died Friday at the age of 87, according to multiple reports. Ilitch, who made his money as the founder and owner of Little Ceasars Pizza,...
Ilitch, who founded Little Caesars, owned the Red Wings since 1982 and Tigers since 1992.
The couple purchased the Detroit Red Wings in 1982. While the team was known as the Dead Wings at the time, Mike and Marian believed they were a sleeping giant and immediately took charge to turn the team around.