I suppose this news belongs here. The Bears are really taking this off-season’s housecleaning seriously. She was the longest tenured owner in the NFL and probably the longest in all professional sports. Certainly, the McCaskey’s aren’t precisely popular in Chicago these days, but at least they aren’t unpopular due to scandal which seems to be the norm these days.
While the team will almost certainly stay in the family in the immediate term, the structure of the inheritance is an open question. Does this lead to a change in the management of the team, perhaps with George moving into a different role? Do any of the other family members fight for a more prominent role now that Virginia is gone?
McCaskey had 11 children, eight sons and three daughters. She is survived by her sons Patrick, Edward Jr., George, Richard, Brian and Joseph, and daughters Ellen Tonquest, Mary and Anne Catron. She is also survived by 21 grandchildren, 40 great-grandchildren and four great-great-grandchildren.
It’s not completely clear how the shares of the team are currently allocated. She supposedly had around 20% of the team, with Pat Ryan owning 20% as the only non-family member. The 11 kids and the two eldest grandkids have the balance in some proportion, assuming there wasn’t a previous consolidation. Pat Ryan supposedly has first right of refusal on any sales, so it’s possible that his stake could increase, though he’s 87 years old and it’s unclear if that right would confer to his heirs. The family and Ryan’s have been tight lipped over the years.
The NFL passed a new rule that allows Private Equity to buy into teams and there have been rumors that the Bears would use that to raise money to build a stadium. The team has always fallen outside of the league rules on ownership which require a single majority owner to have 30% at minimum but supposedly the NFL and Goodell have approved whatever their succession plan is.
I’m sure rumors of a sale of the team will be rampant and fans will probably be very excited about the possibility, but I say to be careful what you wish for. Pretty much everyone agrees that the family doesn’t have the coin you need to build the new stadium they are pining for without massive amounts of public funding. Whether her death is the thing that starts that boulder rolling downhill will be interesting to watch.
I thought this anecdote was interesting.
…she recalled attending the first playoff game in league history, when she was 9.
The Bears and Portsmouth Spartans finished the 1932 season in the first tie for first place, so the league added a game to determine a champion. Because of snow, the game was moved indoors to the old Chicago Stadium, and the Bears won 9-0 playing on an 80-yard field that came right to the walls.
“I remember I didn’t save my ticket stub, but one of my cousins had saved his,” McCaskey said. "We sat in the second balcony and the ticket price was $1.25.
“I took it to one of the Super Bowls to show [former commissioner] Pete Rozelle and then I don’t know what happened to it afterward,” she added. “But that’s OK.”
Wild times at Halas Hall.