Andrew Hauptman

Andrew Hauptman (born 1969) is an American businessman who co-founded the investment firm Andell Inc.

Andrew Hauptman
Born1969 (age 51–52)
CitizenshipUnited States
EducationB.A. Yale University
M.B.A. Harvard University
OccupationBusinessman
film producer
philanthropist
Spouse(s)Ellen Bronfman Hauptman
RelativesCharles Bronfman (father-in-law)

Biography

Hauptman was born in 1969[1] to a Jewish family[2] and raised in Smithtown, New York.[3] His father was a pediatrician.[4] He graduated with a B.A. from Yale University[5] and an M.B.A. from Harvard Business School.[6] Early in his career, he worked at Alex. Brown & Sons in New York City and later, as an executive with Universal Studios in London, where he played a key role in the oversight of its international operations, focusing on the music and film entertainment groups.[6]

Andell Inc.

In 1998, Hauptman and his wife, Ellen Bronfman, founded Andell Inc. (formerly known as Andell Ltd.), a private investment firm and family office formed in the UK and currently based in Los Angeles.[6][7] Andell manages assets that grew out of the Bronfman family's controlling position of The Seagram Co. Ltd. Andell invests directly in private and public companies and real estate, and acquires control and minority stakes.[5][8] Examples of past and current Andell portfolio companies include Allied Universal, Chicago Fire, AmWINS Group, Inc., BSN Sports, Universal Studios, MyEyeDr., NSC Minerals Ltd., Watco Companies, LLC, USI Insurance Services, Medforth Global Healthcare Education, Savage x Fenty, and University of St. Augustine.[9] Andell's real estate platform includes a variety of investments across all asset classes and throughout the capital structure.[9]

Board Affiliations

Hauptman has been a director of numerous public and private companies. He currently serves on the advisory board of Altas Partners.[9]

Current & Former Board Appointments: [9]

  • Altas Partners
  • BSN Sports
  • Canyon Ranch Holdings
  • Dick Clark Productions
  • Koor Industries
  • Loews Cineplex Entertainment
  • Storage Mobility (PODS)
  • XIX Entertainment

Andell Entertainment

Hauptman previously developed and produced several feature films including "Millions" directed by Danny Boyle in 2004,[6] "State of Play," starring Russell Crowe in 2009,[6] and John Hamburg's directorial debut, "Safe Men," which premiered at Sundance in 1998.[10]

Chicago Fire Soccer Club

From 2007 to 2019, Hauptman was owner and chairman of Major League Soccer's Chicago Fire Soccer Club. In 2007, Andell purchased the Chicago Fire from billionaire Philip Anschutz's AEG for $35 million.[11][7][12][13] Under Hauptman's ownership, the Club experienced dramatic growth, with the franchise value increasing more than ten-fold.[13]

Growth

Per The Athletic, Hauptman's 12-year tenure as owner was a transformational one for the franchise and the league.[14] Hauptman entered the league as one of 12 owners; the league has since expanded to include 30 teams.[14] During this period, Hauptman sat on the League's Board of Governors and was an active member of MLS governance, holding positions on various league committees including the Expansion, Media, Competition, and Advisory Finance Committees.[13][15] Under Hauptman, the Fire made extensive investments in the first team – regularly ranking in the top five in the league in salary outlay – as well as community programming and resources, working to build excitement for the sport from the ground up.[14] During his tenure, the Fire constructed the $22 million CIBC Fire Pitch on the north side of Chicago serving 300,000 participants,[16][17] launched the Chicago Fire Rec Soccer League (20,000 participants), grew the Chicago Fire Juniors program (from 400 to 16,000 players across six states),[18] and formed the Chicago Fire Academy, which became a source for star players signed to the first team. Hauptman also expanded the Chicago Fire Foundation and created its award-winning P.L.A.Y.S. (Participate Learn Achieve Youth Soccer) program.[6][19] Chicago hosted the 2017 MLS All Star Game vs. Real Madrid and the 2011 Chicago Fire vs. Manchester United match, both record setting games at Soldier Field.[20][21]

Recognition

The club was consistently recognized for its deep community engagement, including being awarded ESPN's 2019 Sports Humanitarian Team of the Year Award for their effort to make a difference in the community through P.L.A.Y.S, and being named the 2016 Beyond Sport Team of the Year, winning over other finalists FC Barcelona, Arsenal FC, the San Francisco Giants, and the Detroit Pistons.[22][23] Mayor Rahm Emanuel praised the "key long-term investments" of the Fire and their ability to "drive tourism and bolster Chicago's future by encouraging our youth to engage in sports and spurring economic development across neighborhoods."[24] He also highlighted the "culture of the Chicago Fire," saying "we're a better city because of what you do."[25] Hauptman was inducted into the Chicagoland Sports Hall of Fame as Sports Advocate of the year in 2017.[26][27]

Bridgeview deal

According to Forbes, the deal to move the team to Bridgeview, IL which pre-dated Hauptman's purchase of the team, meant the Fire were "saddled with one of the worst stadium deals and restrictive leases in American pro sports."[13] Hauptman led a complex and successful multi-year effort to leave Bridgeview and move the team to downtown Chicago and Soldier Field.[28] In 2019, he brokered deals with the Village of Bridgeview to exit its lease early and closed a three-year deal with the City of Chicago to return to Chicago's Soldier Field, beginning in 2020.[28]

Sale

In September 2019, Hauptman sold his controlling interest in the Fire to Joe Mansueto, founder of Morningstar, Inc., who had purchased a minority stake a year earlier.[13][29] Mansueto's purchase valued the franchise at $400 million.[13][14][28] Mansueto credits Hauptman for having "worked tirelessly to dramatically increase the profile of the Chicago Fire Soccer Club, MLS, and the game overall and... left a wonderful legacy for our City."[30][28][31]

Philanthropy

Hauptman serves as a national trustee of City Year, an education based non-profit that provides young adults from diverse backgrounds the opportunity to serve full time in under-resourced schools and communities across the nation.[32] He also serves on the board of City Year Los Angeles, which he co-founded in 2007 and grew into the largest City Year site in the nation. He previously served as Chair of the board from 2007 to 2015 and again from 2019 to 2020.[33][34][35][36] Hauptman has been a contributor in the Huffington Post and CNN.com on the subject of the service movement and educational issues.[37][38]

Hauptman is also Co-Founder of The Charles Bronfman Prize, an annual global award presented to a humanitarian under fifty whose "innovative work is grounded in Jewish values and is of universal benefit to all people."[39] Hauptman is a member of the Yale University Council, the trustee advisory board of the Center for American Progress, the advisory board of The Los Angeles Coalition for the Economy and Jobs, and the leadership council of International Medical Corps.[33] He remains an advisor to Service Year Alliance[40] and in June 2019, signed on as co-chair for their Serve America Together campaign, calling on 2020 presidential candidates to make national service a priority.[41] Hauptman served as president of the Chicago Fire Foundation for 12 years.[33]

Hauptman co-founded and serves as Director of the Bronfman Hauptman Foundation.[42] Recent public donations include $1 million to the Obama Foundation,[43] $500,000 to the Mayor's Fund for Los Angeles to support those most adversely affected by the COVID-19 pandemic,[44] and a $250,000 challenge grant to City Year Los Angeles to motivate donors to give in the wake of COVID-19.[45]

Honors and awards
  • 2017 Chicagoland Sports Hall of Fame (CSHOF) Inductee [26]
  • 2017 City Year Honoree [46]

Personal life

Hauptman is married to Ellen Bronfman Hauptman, the daughter of Canadian businessman Charles Bronfman.[47]

References
  1. Chicagoland Soccer News: "WHO IS ANDREW HAUPTMAN? - New Fire Owner Opens Up About Fire Purchase" by Kathryn L. Knapp Archived 2014-09-11 at the Wayback Machine April 8, 2008
  2. Berman Jewish Policy Archive: "One Family's Philanthropic Legacy: Charles R. Bronfman, Ellen Bronfman Hauptman, and Stephen R. Bronfman Talk About Philanthropy, Values and the Jewish Community" By Marge Tabankin Spring 2011
  3. ESPN: "No transition: Fire owner wants a winner" by Charlie Corr September 12, 2010
  4. Entrepreneur magazine: "Father Knows Better - Words of wisdom-not from industry leaders, but the men who helped them become leaders" June 10, 2008
  5. BusinessWeek: Company Overview of Andell Holdings, LLC June 8, 2015
  6. Chicago Fire: "Andrew Hauptman - Owner and Chairman, Chicago Fire Soccer Club, Chairman, Andell, Inc" retrieved September 10, 2014
  7. Washington Post: "Andell Holdings Buys MLS' Chicago Fire" By GARY GENTILE September 6, 2007
  8. NASDAQ: "BSN SPORTS to Merge With Herff Jones" May 16, 2013
  9. "Andrew Hauptman - Altas Partners, Toronto, Canada". Altas Partners. Retrieved 2020-06-14.
  10. Roman, Monica (1998-04-01). "October puts lock on Hamburg's 'Safe Men'". Variety. Retrieved 2020-06-14.
  11. "Hauptman to Purchase Chicago Fire". Thesportsbizblog.blogspot.com. July 12, 2007. Retrieved December 3, 2011.
  12. Chicago Fire Foundation Announces Expansion of P.L.A.Y.S. Program March 2, 2015
  13. Smith, Chris. "Billionaire Joe Mansueto Completes Purchase Of Chicago Fire At $400 Million Valuation". Forbes. Retrieved 2019-11-12.
  14. Rivera, Guillermo; Tenorio, Paul. "Andrew Hauptman sells Chicago Fire to minority owner Joe..." The Athletic. Retrieved 2019-11-12.
  15. "MLS Expansion Committee Morphs Membership, Expands By One". www.sportsbusinessdaily.com. Retrieved 2019-08-29.
  16. Pub and Play: Fire Pitch defining a new center for Chicago soccer by Shane Murray July 31, 2017
  17. Crain's Chicago Business: "Chicago Fire owner building soccer dome on North Side" by Danny Ecker Dec 16, 2013
  18. "Overview". www.chicagofirejuniorscity.com. Retrieved 2019-09-05.
  19. "Chicago Fire Foundation Announces Expansion of P.L.A.Y.S. Program". Chicago Fire. 2015-03-02. Retrieved 2017-11-29.
  20. "2017 MLS All-Star Game vs. Real Madrid sets new TV viewership record". MLS Soccer. August 4, 2017.
  21. "Chicago Fire - Important Dates". July 23, 2011.
  22. "Chris Long, MLS' Fire win Humanitarian awards". ESPN.com. 2019-07-10. Retrieved 2019-09-05.
  23. "Beyond Sport". beyondsport.org. Retrieved 2017-11-29.
  24. "Chicago Fire Soccer Club Officially Opens the PrivateBank Fire Pitch". December 8, 2015.
  25. "Chicago Fire Foundation and Community Relations represented at Beyond Sport Mexico". November 14, 2017.
  26. 2017 Chicagoland Sports Hall of Fame Induction Ceremony August 25, 2017
  27. "Chicagoland Sports Hall of Fame Introduces Class of 2017". Comcast Greater Chicago Region. 2017-05-15. Retrieved 2020-05-15.
  28. "Chicago Fire owner Andrew Hauptman sells majority stake in MLS franchise - SportsPro Media". www.sportspromedia.com. Retrieved 2019-11-12.
  29. Bannon, Tim (July 11, 2018). "Chicago billionaire Joe Mansueto buys 49 percent stake in Fire". Chicago Tribune. Retrieved July 11, 2018.
  30. Bannon, Tim. "Billionaire Joe Mansueto takes full ownership of the Chicago Fire". chicagotribune.com. Retrieved 2019-11-12.
  31. "Joe Mansueto buys Chicago Fire". Crain's Chicago Business. 2019-09-13. Retrieved 2019-11-12.
  32. Graser, Marc. "Greenblatt, Lawson sign on for City Year: Duo joins board of org that helps LAUSD kids graduate". chicagotribune.com. Retrieved 2020-06-14.
  33. City Year Bio: "Andrew Hauptman - Chair, City Year Los Angeles Board Chairman - Andell, Inc." retrieved June 9, 2015
  34. Octavia Spencer, Stacey Snider, Carly Rae Jepsen Help Raise $1.5M at City Year Spring Break April 26, 2015
  35. Huffington Post: "This School Problem Belongs to All of Us" by Andrew Hauptman Sept 4, 2014
  36. "City Year Los Angeles Announces New Board Co-Chairs Giselle Fernandez and Mattie McFadden-Lawson". Los Angeles Sentinel. 2020-08-06. Retrieved 2020-08-17.
  37. "Andrew Hauptman | HuffPost". www.huffpost.com. Retrieved 2020-06-14.
  38. Michael Brown; Andrew Hauptman. "Opinion: Where will you give your year of service?". CNN. Retrieved 2020-06-14.
  39. "Charles Bronfman Prize Names Amy Bach, Founder of Measures for Justice, as 2018 Recipient | DRK Foundation | Supporting passionate, high impact social enterprises". Retrieved 2020-06-14.
  40. "Help me save a small, but critical, program in Chicago schools". Crain's Chicago Business. Retrieved 2017-11-29.
  41. "The Serve America Together Presidential Challenge". Serve America. Together. Retrieved 2019-09-06.
  42. "Who We Are". The Charles Bronfman Prize. Retrieved 2020-06-14.
  43. "Big names on Obama Foundation list of donors". Crain's Chicago Business. 2017-07-15. Retrieved 2020-06-14.
  44. Patten, Dominic (2020-03-30). "Hollywood Helps L.A. Healthcare Workers, Seniors & "Worst Off" In Coronavirus Fight; Bob Iger, Steven Spielberg & Jeffrey Katzenberg Donate $500K Each To City Fund". Deadline. Retrieved 2020-06-14.
  45. "Canceled: 10th Anniversary Spring Break". City Year. Retrieved 2020-06-14.
  46. Juan Rangel working to get Mexican-Americans into leadership roles May 22, 2017
  47. Forbes: "Major League Soccer's Billionaire Owners" by Charles Smith November 20, 2013
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.