Jeremy Jacobs no longer owns the Boston Bruins. According to The Boston Globe, Jacobs has turned up control of the franchise to his six children.
Jacobs was the longest-tenured owner of any of Boston’s major sports clubs, having purchased the Bruins in 1975 for $10 million.
The 79-year-old informed The Globe that he is passing over the keys of one of the NHL’s Original Six clubs to his three sons and three daughters as part of a long-planned succession plan, with the Jacobs family expected to continue running the franchise indefinitely.
“I have given it to my kids,” Jacobs told The Globe. “They’re paying me a portion of the earnings from this. It occurred this year. This was done with the expectation that the Jacobs children would carry on the legacy of longevity to the following generation. “Hopefully, it will remain a successful franchise.”
Under Jacobs’ ownership for 44 years, the Bruins won one Stanley Cup in 2010-11 and fell short of capturing a second against the St. Louis Blues at the end of the 2018-19 season.
With Jacobs’ departure, Robert Kraft is now the longest-tenured owner of a major sports organization in Boston, having purchased the New England Patriots in 1994.