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Robert Kenneth Kraft [1] (born June 5, 1941) is an American billionaire businessman. He is the chairman and chief executive officer (CEO) of the Kraft Group, a diversified holding company with assets in paper and packaging, sports and entertainment, real estate development, and a private equity portfolio.
However, those plans were derailed when Boston paper magnate Robert Kraft, owner of Foxboro Stadium, refused to accept a buyout of the lease. Kraft used his ownership of the stadium to stage a hostile takeover , offering to pay $175 million for the Patriots franchise knowing that Orthwein no longer wanted the team if he could not move it to St ...
Orthwein was not willing to continue operating the team in New England, and put it up for sale. Kraft knew that the terms of the operating covenant required any potential buyer to deal with him. With this in mind, he staged what amounted to a hostile takeover of the Patriots, offering to buy the team himself for a then-NFL record $160 million ...
Robert's eldest, Jonathan, is the president of the New England Patriots and the Kraft Group, Robert’s holding company that encompasses various business interests in sports, entertainment ...
Jan 17, 2024; Foxborough, MA, USA; New England Patriots owner Robert Kraft addresses media on the hiring of new head coach Jerod Mayo (not pictured) at a press conference at Gillette Stadium.
Over 20,000 people have signed a petition for Gillette to pull its sponsorship of the Patriots' home stadium in response to charges against Robert Kraft.
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