RuneTrack Forums
It is currently Thu Mar 13, 2025 1:01 am

All times are UTC [ DST ]




Reply to topic  [ 1 post ] 
Author Message
PostPosted: Thu Nov 09, 2017 5:08 am 
Offline

Joined: Fri Mar 10, 2017 2:27 am
Posts: 2975
PHILADELPHIA -- Lewis Katz, a self-made man who built his fortune in New York parking lots, billboards and cable TV, and went on to buy the NBAs New Jersey Nets, NHLs New Jersey Devils and The Philadelphia Inquirer, died in a weekend plane crash. He was 72. Katz died Saturday night in a Massachusetts crash that claimed six other lives. His death was confirmed Sunday by his son, Drew, and his business partner Harold H.F. "Gerry" Lenfest. Katz grew up in working-class Camden, New Jersey, and worked as a lawyer before earning hundreds of millions of dollars investing in the Kinney Parking empire and the Yankees Entertainment and Sports Network in New York. He went on to become a major philanthropist in the Philadelphia region. "Youve got to make money in the world that we live in, in order to accomplish what your ultimate goal is. But along with making money, equally important is preserving, for the community, a community trust," Katz testified at an April hearing on the Inquirers sale. "Thats what this paper represents." Tributes poured in from prominent figures in sports, media, politics, business and education, reflecting the wide range of his interests and charitable endeavours. NBA Commissioner Adam Silver called him "a visionary"; the Yankees held a moment of silence before Sundays game. Temple University recalled his recent advice to graduates to "have as much fun as you can conjure up." "He was a visionary businessman who touched the lives of so many with his tireless pursuit of innovation and enterprise, as well as his deep commitment to his family, friends and community," Silver said in a statement. NHL Commissioner Gary Bettman in a statement called Katz a man of "tremendous influence" and sent condolences to Katzs family and "the many organizations that benefited from his philanthropy." Katz, in his April testimony, said he had lost money on both the Nets and Devils, but made it big through the 2012 sale of the sports cable network. "We lost our shirt in the Devils and the Nets," he testified. "But for the YES network, Id be back in my law office in Cherry Hill, waiting for the clients to come in again." He hoped to be a hands-off owner of the Inquirer, where his longtime companion, Nancy Phillips, was the city editor. "Im spending, hopefully, a lot more time with my grandchildren and Ive opened a school in Camden for approximately 300 children," he testified. "Im not active in business, anymore." Katz had agreed to invest $16 million for a 26 per cent stake in the Inquirer and Philadelphia Daily News in 2012 at the behest of former Pennsylvania Gov. Ed Rendell, who wanted to return the newspapers to local ownership after a bankruptcy that left them in the hands of New York hedge funds. But a feud with rival investor George Norcross, an equally powerful business leader, over the direction of the news business forced him to be more a more active owner. Katz filed suit last year to stop Norcross from firing Pulitzer Prize-winning editor Bill Marimow. He succeeded, then joined Lenfest in bidding $88 million to buy out Norcross and his allies at an auction Tuesday. "He was very creative, as a person and as a business partner," Lenfest said. "He thought beyond the edge. He had wonderful, creative ideas." The sale had been set to close June 12, but will now be delayed for 30 days to give Katzs family time to get the estate in order, Lenfest said. "Well lose his expertise, but the paper will continue because we both intended to put a new CEO in charge of the day-to-day operations," Lenfest said. Drew Katz will take his fathers seat on the board of directors, Lenfest said. "My father was my best friend. He taught me everything," Drew Katz, who was often seen at his fathers side at business events, said in a statement on behalf of him and his sister. "He never forgot where and how he grew up, and he worked tirelessly to support his community in countless ways that were seen and unseen." Katz had recently given $25 million to Temple University for its medical school, and had previously given $15 million to another alma mater, Dickinson Law School, where he had graduated first in his class. He also supported the Boys & Girls Clubs in Camden, along with many Jewish charities. Katz recently helped fund a charter school in impoverished Camden. "There are so many organizations that he endowed, many anonymously," Marimow said Sunday. Marimow described Katz as a brilliant man and generous philanthropist who developed a love for journalism from a college stint working for the syndicated columnist Drew Pearson. "That really inspired an appreciation and a love for journalism that lasted his whole life," Marimow said. His wife, Marjorie, died in December. His survivors include his son, daughter Melissa, and several grandchildren. Katz, a classmate of Bill Cosby in Temples 1963 graduating class, had spoken at the schools commencement last month, and received an honorary doctorate. "Life in my view is meant to be enjoyed," he told the graduates. "Its meant to have as much fun as you can conjure up" Kelechi Iheanacho Jersey . Ramon, 30, played in a career-high 97 games with the Goldeyes in 2013. He also matched a career-high eight home runs and posted 52 RBI. Jesus Navas Jersey . The Canadian tennis players first full season on the WTA Tour was a strong one. She has risen to No. 32 in the world rankings and will likely be seeded at the first Grand Slam event of the 2014 season. http://www.authenticmanchestercityshop. ... ty-Jersey/. The Canadian skicross racer appeared to have the bronze medal locked up in the mens final at the 2010 Vancouver Olympics, only to wipe out while trying to make a pass in the biggest moment of his career. Jason Denayer Jersey . LOUIS - The St. Pablo Zabaleta Jersey . -- Crystal Webster avoided elimination at the 2013 Capital One Road to the Roar Olympic pre-trial curling tournament with an 8-5 win over Amber Holland on Thursday. PHOENIX -- The sore left elbow Phoenix Suns guard Goran Dragic is dealing with might sting less than the All-Star snub he got earlier this week. Dragic isnt letting either affect his play. He scored 25 points and the Suns made almost 57 per cent of their shots through three quarters Saturday night in a 105-95 victory over the Charlotte Bobcats. "I was kind of sad, mad, just full of emotions when I found out (about not being named an All-Star reserve), but thats the way it is," Dragic said. "It doesnt matter. I just want to play hard and be with my teammates and make the playoffs." Marcus Morris added 15 points for the Suns, who have won five straight games and seven of their last eight. Its the second time the Suns have won five in a row, matching their longest winning streak of the season. Phoenix held Charlotte to 14 second-quarter points, the lowest total in that quarter for an opponent this season. The Bobcats had played the night before in Los Angeles. "You cant have many nights like that. We just didnt try," Bobcats coach Steve Clifford said. "We had no effort to start the game. If you are not ready to play or defend then you have no chance. The guys who came off the bench were worse than the starters." The Suns limited Al Jefferson, Charlottes leading scorer, to just 10 points after hed logged three straight 30-point games. He was 4 of 15 from the field and didnt play in the fourth quarter. "Guys were just fighting and made it tough on him," Suns coach Jeff Hornacek said of Jefferson, whom he coached as an assistant with the Utah Jazz. "Hell shake his head and say Why do you keep trapping me all the time? Thats the kind of player he is, where we have to do that to him all the time." Markieff Morris threw down a dunk with 3.4 seconds left in the third quarter to give the Suns a 90-63 lead. He finished with 13 points and nine rebounds. The Bobcats cut the Suns lead to 99-86 with just under four minutes left in the fourth quarter but couldnt sustain the run.dddddddddddd. Reserve Anthony Tolliver led Charlotte with 14 points and Jannero Pargo added 12 points and six assists. Ish Smiths floater with 7:05 left in the first half gave the Suns a 47-35 lead, and his driving right-hand layup made it 50-36 with 5:59 left. Marcus Morris hit a 3 off a feed from Dragic to make it 55-41, and Dragic scored the final four points of the half as the Suns closed it out on a 9-0 run. Dragic hit 10 of 14 shots in 27 minutes of action and has 20 or more points in four straight games. "Im more relaxed," Dragic said. "I know how the opponent is going to guard me. . It feels like Im playing basketball with my friends back home, no pressure and I just go there and do my job, I get great support from my teammates and its just fun." The Bobcats failed to score for the final five-plus minutes of the first half. The Suns defence on Jefferson was a major factor as they double-teamed the big man at times or sent a player over to stab at the ball as soon as he caught it. "We didnt have the energy that we needed, we werent making shots, no excuses," Jefferson said. The Bobcats had won their last two games, the first stops of a four-game western road swing. NOTES: The Bobcats were without guard Kemba Walker, whose 18.7 points and five assists per game were missed. Walker has been out with a sprained left ankle for two weeks and is expected to return soon. ... Saturday was Fan Appreciation Night at the US Airways Center. About half the crowd received "Go Suns" foam fingers. ... Injured Suns guard Eric Bledsoe has been out since Jan. 2, but he is the featured player on bobblehead dolls that will be given to fans at the next Suns home game, Tuesday against the Chicago Bulls. ... The balls used for Saturdays game were among the first ones to bear the signature of new NBA Commissioner Adam Silver. ... The two teams wore warm-up shirts bearing the Twitter hashtag ".NBABHM" in honour of Black History Month. Cheap NFL Jerseys Wholesale Jerseys Wholesale NFL Jerseys Jerseys From China Wholesale NFL Jerseys Cheap NFL Jerseys Cheap Jerseys ' ' '


Top
 Profile  
 
Display posts from previous:  Sort by  
Reply to topic  [ 1 post ] 

All times are UTC [ DST ]


Who is online

Users browsing this forum: No registered users and 32 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group