By Anthony Caruso III | Publisher
On February 10, 2017 at 6:38 pm EST
Mike Ilitch was a businessman that owned two sports franchises. He was the owner of the Detroit Tigers and the Detroit Red Wings.
He was also the owner of the Little Caesars pizza chain that is the third-biggest pizza company in the world behind Pizza Hut and Papa John’s. He died on Friday at the age of 87 in a Detroit hospital.
The cause of death was not released.
“My father was a once-in-a-generation entrepreneur, visionary and leader, setting the tone for our organization and our family,” Christopher Ilitch, President and CEO of Ilitch Holdings said. “He made such a positive impact in the world of sports, in business and in the community.”
According to Forbes, Ilitch and his wife are worth $6.1 billion. Little Caesars Arena will also sponsor the new Arena for the Red Wings that will debut later this season.
Little Caesars was worth $3.4 billion last season, according to Ilitch Holdings.
“When I took the job, I felt like I was going to work for the best ownership in sports, and that’s certainly played out to be true,” Red Wings head coach Jeff Blashill told reporters. “It’s certainly a big loss, but certainly the impact that Mr. Ilitch had in so many different areas in the state of Michigan and the city of Detroit — I can’t imagine many people having a greater impact.”
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