Boston Bruins

Report: Jeremy Jacobs No Longer Owner Of Bruins

Published

5 years ago

September 6, 2019

After 44 years, Jeremy Jacobs has steeped aside as owner of the Boston Bruins. In an interview with Kevin Paul Dupont of the Boston Globe Friday, Jacobs said that earlier this year he finally put a succession plan to in which his three sons (Jerry Jr., Lou, and Charlie) and three daughters (Lisann, Lynn, and Katie), would take over the Original six franchise the elder Jacobs has owned and operated since 1975.

“I have given it to my kids,” Jacobs told the Globe. “They are paying me some of the proceeds that come out of this. It happened this year. This was done on the basis that the longevity is going to continue in the hands of the Jacobs children, and the next generation will have it. Hopefully, it will continue to be a successful franchise.”

The new Jacobs ownership group inherits not just the Bruins but the entire Deleware North empire that has it’s footprint all over the world.

As of now, Jacobs will remain part of the NHL Board Of Governors.

The news of the transfer of ownership broke during Bruins Captain’s practice and following the skate, captain Zdeno Chara – who had just been informed of it, said he and his teammates supported their longtime owner’s decision.

I don’t know all the details, I just heard like you, but I think I speak on behalf of all the players that we are very supportive of Mr. Jacobs’ decision,” Bruins captain Zdeno Chara said immediately after news broke that Jacobs stepped down. Obviously, he’s been very supportive of this team. So whatever his decision is, I think we all understand and the rest of it, I’m sure our PR team can fill in with more details.”

As of 7 PM Friday night, that had yet to happen.

Long known for his refusal to break the bank when it came to icing a hockey team, Jacobs was instrumental in the NHL implementing a salary cap 2005 and now maintaining it as the league negotiates a potential extension to the current CBA with the NHLPA.

Jacobs’ crowning moment as owner of the Bruins came in 2011 when for the first time in 39 years and the first during his tenure as team owner, they won the Stanley Cup with a seven-game series win over the Vancouver Canucks.

In 2017, Jacobs became the sixth member of the Bruins to be inducted into the Hockey Hall Of Fame in the Builder’s category. He’s also a member of the Greater Buffalo Sports Hall of Fame in 2006, was awarded the Hockey Legacy Award from the Sports Museum in Boston in 2012, inducted into the Arkansas Sports Hall of Fame in 2013, awarded the prestigious Lester Patrick Trophy from USA Hockey in 2015, named to the Sports Business Journal Champions: Pioneers in Sports Innovation & Business class of 2016, and was inducted into the 2016 class of the Massachusetts Hockey Hall of Fame.