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Encyclopedia > George N. Gillett Jr.

George N. Gillett Jr. II (born October 22, 1938) is an American businessman. October 22 is the 295th day of the year (296th in leap years) in the Gregorian Calendar, with 70 days remaining. ... Year 1938 (MCMXXXVIII) was a common year starting on Saturday (link will take you to calendar). ... A businessman (sometimes businesswoman, female; or businessperson, gender neutral) is a generic term for a wide range of people engaged in profit-oriented enterprises, generally the management of a company. ...


Building his fortune through sports franchises and meat production with an estimated fortune of around £3bn.Gillett and his wife Rose live in Vail, Colorado and have four sons: George III, Alexander and twins Foster and Andrew (the latter twin is the only son not involved in the family business)[1]. There are also Vail, Arizona and Vail, Iowa. ...

Contents

Biography

Gillett attended Amherst College and is a graduate of Dominican College in Racine, Wisconsin. Amherst College is a private, independent, elite[1][2] liberal arts college in Amherst, Massachusetts, USA. It is the third oldest college in Massachusetts. ... Dominican College is a four-year private college in Orangeburg, New York. ... This article or section does not cite any references or sources. ...


In 1979 he launched Gillett Communications by buying three small television stations. Three years later he bought the WSM television station in Nashville. In 1984 Gillett acquired Post Corporation's eight television stations, 22 newspapers and associated plant; the non-broadcast assets were sold to Thomson Corporation and other buyers. In 1987 he acquired Storer Broadcasting using Kohlberg Kravis Roberts junk bonds, after the FCC lifted restrictions on ownership. For other cities named Nashville, see Nashville (disambiguation). ... The Thomson Corporation (NYSE: TOC TSX: TOC) is one of the worlds largest information companies, focused on providing integrated information solutions to business and professional customers. ... Storer Broadcasting, Inc. ... Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late stage leveraged buyouts. ... High yield debt (non-investment grade or junk bond) is a business term referring to a corporate debt instrument, usually a bond, that has a higher yield (compared to investment grade debt) because of a high perceived credit risk (default risk). ... The abbreviation FCC can refer to: Face-centered cubic (usually fcc), a crystallographic structure Federal Communications Commission, a US government organization Farm Credit Corporation/Farm Credit Canada, a Canadian government organization Families with Children from China, an adoption support organization Florida Christian College, a college in central Florida Fresno City...


In 1985 Gillett acquired Vail Associates' Vail and Beaver Creek ski resorts, creating a new era with focus on customer service, Gillett redefined the ski experience and what it meant to be a world class resort. George would often ride chairlifts and greet guests, and launched a massive installation of high-speed detachable chairlifts thereby kick-starting the growth that would put Vail on the map as America's number one ski destination. Gillett also supported major alpine ski events at a time when most ski areas in American declined to host international races, starting with the 1989 World Alpine Ski Championships, and through his support hosted the 1999 World Alpine Ski Championships[2]. There is also a place named Vail in Arizona. ... Beaver Creek may refer numerous places, both stream and towns, etc. ... A chairlift in Bad Hofgastein, Austria A chairlift, also known as a fixed-grip chairlift, is a type of aerial lift, which consists of a constantly moving loop of steel cable strung between two end terminals and generally over intermediate towers. ...


Gillett's companies sought Chapter 11 protection in 1992 as higher interest rates penalised junk bond issuers. Gillett's media arm was reorganised as New World Communications under the control of Ronald Perelman. Chapter 11 of the Bankruptcy Code governs the process of reorganization under the bankruptcy laws of the United States. ... New World Pictures logo from the late 1980s; New Worlds other divisions used similar logos New World Communications was a major television production company and television station owner in the United States from the late 1980s to the mid-1990s. ... Ronald Owen Perelman (born January 1, 1943) is a wealthy American investor and businessman who made his fortune buying beleaguered corporations and selling them later for an enormous profit. ...


After junk bonds

After resultantly declaring bankruptcy, but remaining on the payroll of Vail Resort at $1.5 million a year, Gillett walked away with $32.1 million to restart his business empire when Vail floated on the NYSE the following year[3]. In 1995 he repurchased Packerland undertaken by Booth Creek Management Corp., a company created to oversee the acquisitions and management of interests of the Gillett family from that point forwards, and of which Gillett remains Chairman. Notice of closure stuck on the door of a computer store the day after its parent company, Granville Technology Group Ltd, declared bankruptcy (strictly, put into administration - see text) in the UK. Bankruptcy is a legally declared inability or impairment of ability of an individual or organizations to pay their... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ... 1995 (MCMXCV) was a common year starting on Sunday of the Gregorian calendar. ... The phrase mergers and acquisitions (M&A) refers to the aspect of business strategy and management dealing with the merging and/or acquiring of different companies. ... Look up Management in Wiktionary, the free dictionary. ...


In 1996 he formed Booth Creek Ski Holdings Inc., acquiring or building a range of ski resorts in New Hampshire, California, Washington and Wyoming. He later bought Grand Targhee Ski and Summer Resort, together with several golf courses. Official language(s) English Capital Concord Largest city Manchester Area  Ranked 46th  - Total 9,359 sq mi (24,239 km²)  - Width 68 miles (110 km)  - Length 190 miles (305 km)  - % water 3. ... Official language(s) English Capital Sacramento Largest city Los Angeles Area  Ranked 3rd  - Total 158,302 sq mi (410,000 km²)  - Width 250 miles (400 km)  - Length 770 miles (1,240 km)  - % water 4. ... Official language(s) English Capital Olympia Largest city Seattle Area  Ranked 18th  - Total 71,342 sq mi (184,827 km²)  - Width 240 miles (385 km)  - Length 360 miles (580 km)  - % water 6. ... Official language(s) English Capital Cheyenne Largest city Cheyenne Area  Ranked 10th  - Total 97,818 sq mi (253,348 km²)  - Width 280 miles (450 km)  - Length 360 miles (580 km)  - % water 0. ...


From 1997 he extended his meat interests by building Corporate Brand Foods America (which included Iowa Ham, Jordan Meats and Wright Bacon), latterly bought by Iowa Beef Processors for US$550 million. Gillett and Hicks, Muse, Tate & Furst then bought ConAgra's beef operations - Swift and Company - for US$1.4 billion in 2001[4]. This also controls: The son of a Texas radio station owner, Thomas Hicks became interested in leveraged buyouts as a member of First National Banks venture capital group. ... ConAgra Foods, Inc. ... Gustavus Franklin Swift (June 24, 1839–March 29, 1903) founded a meat-packing empire in the Midwest during the late nineteenth century, over which he presided until his death. ... 2001 (MMI) was a common year starting on Monday of the Gregorian calendar. ...

  • Petaluma Poultry - natural and organic chicken products
  • Snowball Foods - food processor of turkey and chicken products
  • Kings Delight - food processor of turkey and chicken products
  • B3R Country Meats - processes fresh and frozen natural beef
  • Coleman Natural Products - processes fresh and frozen natural beef and lamb
  • Gerhard’s Napa Valley Sausage - a producer of gourmet sausage products made primarily from poultry

An organically-grown apple. ... This article or section does not adequately cite its references or sources. ... A food processor is a kitchen appliance used to facilitate various repetitive tasks in the process of preparation of food. ... A food processor is a kitchen appliance used to facilitate various repetitive tasks in the process of preparation of food. ...

Other interests

Gillett's other business interests include:

Patrick Dennis Bowlen (born February 18, 1944 in Prairie du Chien, Wisconsin) is the Owner, President, and Chief Executive Officer of the Denver Broncos. ... John Albert Elway, Jr. ... The National Basketball Association of the United States and Canada, commonly known as the NBA, is the premier professional basketball league in North America. ... For the original defunct Denver Nuggets, see Denver Nuggets (original). ... NHL can also be an abbreviation for National Historic Landmark or Non-Hodgkins lymphoma. ... A request has been made of the Mediation Cabal for mediation on this page. ... Pepsi Center is an arena located in Denver, Colorado, USA. The building is home to the Colorado Avalanche, Denver Nuggets, Colorado Mammoth and Colorado Crush. ... January 2 is the second day of the year in the Gregorian calendar. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... NHL can also be an abbreviation for National Historic Landmark or Non-Hodgkins lymphoma. ... The Montreal Canadiens (French: ) are a professional ice hockey team based in Montreal, Quebec, Canada. ... Centre Bell, Montreal Centre Bell, Montreal The Bell Centre (French: Centre Bell), formerly known as the Molson Centre, has been the home of the Montreal Canadiens since March 16, 1996, when the team departed from the historic Montreal Forum after their last game on March 11 of the same year. ... For the ghost town in Washington, see Molson, Washington. ... Car redirects here. ... Dealership is an indiepop band based in San Francisco, California which was formed in 1998. ... For other uses, see Subaru (disambiguation). ... 1917 Dodge Brothers Touring car. ... For other uses, see Chrysler (disambiguation). ... Jeep is an automobile marque (and registered trademark) of DaimlerChrysler. ...

Liverpool Football Club

Since October 2006, Gillett had been one of the parties interested in a proposed takeover of England football club; Liverpool FC of the English Premiership.[6] For the Manfred Mann album, see 2006 (album). ... Look up Football in Wiktionary, the free dictionary. ... Liverpool Football Club are an English professional football club based in Liverpool. ... The FA Premier League (often referred to as the Barclays English Premier League for sponsorship reasons) comprises the top 20 football clubs in the league system of English football. ...


On January 22-26, 2007, Reports stated that Gillett had made another bid for Liverpool. On 31 January 2007, Dubai International Capital announced they had pulled out of the deal, giving Gillett the opportunity to buy the club from David Moores. On 2 February, Gillett and Tom Hicks reached a deal with the clubs' board, which was sealed on 6 February, thought to be worth in the region of £435 million: £220 million to buy out existing shareholders (including approximately £44.8 million of debt), and £215 million for the new stadium proposed at nearby Stanley Park. The Board unanimously recommended that the clubs' shareholders accept this offer. 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the CE era. ... Liverpool Football Club is the most successful English football team, having won 4 European Cups and 18 league (English Premier League, formerly First Division) titles. ... Dubai International Capital Dubai International Capital (DIC) was established in October 2004 as the international investment arm of Dubai Holding. ... David Moores is the chairman of Liverpool F.C. His uncle, John Moores, was chairman before him. ... February 2 is the 33rd day of the year in the Gregorian calendar. ... Thomas O. Hicks (born 1946) is a Dallas businessman. ... February 6 is the 37th day of the year in the Gregorian calendar. ... Stanley Park is a 45 hectare park in Liverpool, England, designed by Edward Kemp which opened in 1870. ...


Commenting on the offer, George Gillett and Tom Hicks said: “Liverpool is a fantastic club with a remarkable history and a passionate fanbase. We fully acknowledge and appreciate the unique heritage and rich history of Liverpool and intend to respect this heritage in the future. The Hicks family and the Gillett family are extremely excited about continuing the Club’s legacy and tradition"[7].


George Gillett believes nothing in world sport compares to what he experienced at Anfield on the 1st of May 2007 at the Champions league semi-final in Liverpool. The Americans knew they were buying into something special when they arrived on Merseyside earlier this year, but Mr Gillett admits it has only this week dawned on him what it means to be part of Liverpool Football Club.


"What can I say after Tuesday night? It was magical," said Gillett. "It was like attending the greatest sports event you ever go to on steroids. Nothing can compare to it.


"I couldn't have imagined when we bought the club the kinds of experiences we've already had. David Moores (outgoing chairman) told me I had to understand what it was like and I would nod and say, 'Yes, we understand'.


"Really, neither I, Foster or the Hicks family could say we did. This is so much bigger and so much more important to so many people than we could ever have imagined."[8].


References

  1. ^ http://www.cobizmag.com/articles.asp?id=191
  2. ^ http://skimuseum.net/2005induction.html
  3. ^ http://www.hcn.org/servlets/hcn.Article?article_id=4646
  4. ^ http://www.meatnews.com/mp/northamerican/dsp_article_mp.cfm?artNum=337&issueMonth=6&issueYear=2002
  5. ^ http://www.findarticles.com/p/articles/mi_m0FCM/is_7_29/ai_73023294
  6. ^ http://www.telegraph.co.uk/sport/main.jhtml?view=DETAILS&grid=&xml=/sport/2006/11/16/sfnbos216.xml
  7. ^ http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/6323037.stm
  8. ^ http://www.liverpoolfc.tv/news/drilldown/N155832070503-1616.htm

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