Rich DeVos Rumors
The DeVos family, which owns the Orlando Magic and Amway, has purchased a minority stake in the Chicago Cubs. “Hailing from the Midwest and having followed the Chicago Cubs for many years, the DeVos Family is proud to confirm that we have invested a non-controlling interest in the Chicago Cubs and the Wrigley Field renovation project,” the family said in a statement issued to the Orlando Sentinel. “We respectfully refer any further questions on this topic to the Cubs organization.”
Other majority team owners who made this top 400 richest included Brooklyn Nets owner Mikhail Prokhorov (No. 125, $9.9 billion), Chelsea FC owner Roman Abramovich (No. 137, $9.1 billion), Miami Heat owner Micky Arison (No. 191, $7.1 billion), Miami Dolphins owner Stephen Ross (No. 216, $6.5 billion), St. Louis Rams, Denver Nuggets, Colorado Avalanche and Arsenal owner Stan Kroenke (No. 225, $6.3 billion), Orlando Magic owner Rich DeVos (No. 259, $5.7 billion), Detroit Tigers and Red Wings owner Michael Ilitch (No. 330, $4.8 billion), Jacksonville Jaguars and Fulham FC owner Shahid Khan (No. 330, $4.8 billion), Washington Nationals owner Ted Lerner (No. 330, $4.8 billion), the New York Knicks and Rangers owners, the Dolans (No. 381, $4.3 billion), New England Patriots and Revolution owner Robert Kraft (No. 381, $4.3 billion) and Dallas Cowboys owner Jerry Jones ($4.2 billion).
The DeVos family, which owns the Orlando Magic, has no plans or desire to sell the franchise, the team’s chairman, Dan DeVos, told the Orlando Sentinel on Sunday. “As a family, the topic of selling the team has not come up,” DeVos wrote in an e-mail message. “In fact, we are enjoying the team more than ever. Especially my father. We are very excited about our focus on winning a NBA championship. The family is fully engaged and active with the team. All four generations.
JD: You just mentioned the DeVos ownership team. How is the health of Mr. DeVos? When is the last time you have talked to him? And what is his excitement level for this season because I know he still enjoys watching as many games in Orlando as possible? Alex Martins: “He was excited about this season the day that last season ended. I get to talk to him frequently and I just saw him up in Grand Rapids (Mich.) about three weeks ago. His health is good. He’s a little frustrated because he’s mostly confined to his wheelchair now. But his health is great as ever and he absolutely loves his team. It’s one of the highlights of his life behind his family. When I saw him last month, he said, `I can’t wait for the games to start. I’ve been looking forward to this all summer.’ He’s looking forward to seeing how all of the guys have progressed and he’s looking forward to getting back into the Amway Center again. So he’s got as much anticipation as anybody about this upcoming season.’’
The DeVos family, which owns the Magic, recently restructured how the ownership of the franchise was divided among the family members. Although 87-year-old Rich DeVos remains the head of the franchise and the team’s governor, a percentage of the franchise was redistributed evenly to his four children. The restructuring was approved by the NBA’s Board of Governors, a league source said.
Amaechi said the climate was not right for him to come out, especially playing for a conservative owner like Rich DeVos, whose family has donated money to the National Organization for Marriage — a staunchly anti-gay marriage group.