Steve Bisciotti speaks at the Baltimore Ravens' Super Bowl XLVII homecoming celebration.
|Born||April 10, 1960 (age 55)
|Education||Salisbury State University|
|Occupation||co-founder of Aerotek, owner of the Baltimore Ravens|
|Net worth|| US $ 1.5 billion (est.)
Board member of
|Associated Catholic Charities
Mother Seton Academy
|Children||two: Jason, Jack|
Stephen J. Bisciotti (born April 10, 1960) is the current majority owner of the Baltimore Ravens of the National Football League. He founded a family of technical staffing companies known as Allegis Group, which owns Aerotek and TEKsystems.
Growing up, Bisciotti loved sports. His father took the children to Baltimore Orioles and Colts games. In his senior year at Severna Park High School, he played on the football team, though he has said he "wasn't much of a high school athlete."
In 1982, Bisciotti graduated from Salisbury State University in Maryland with a degree in liberal arts. A year later, at 23, he and his cousin Jim Davis started Aerotek, a staffing company in the aerospace and technology sectors. Running the company out of a basement office with secondhand equipment, Bisciotti and Davis produced $1.5 million in sales in the first year. Aerotek grew into the Allegis Group, which is now the largest privately held staffing firm in the United States and 4th in the world. Bisciotti's involvement in the sports business has brought more attention to his once low profile company.
On March 27, 2000, NFL owners approved the sale of 49% of the Ravens to Bisciotti. In the deal, Bisciotti had an option to purchase the remaining 51% for $325 million in 2004 from Art Modell. On April 9, 2004 the NFL approved Steve Bisciotti's purchase of the majority stake in the club.
One of the first projects Bisciotti directed as owner of the Ravens was to build the team's state-of-the-art training and practice facility, dubbed "The Castle," which opened in October 2004.
His stewardship of the Ravens has been calm, professional, and trusting in the management of GM Ozzie Newsome. However, Bisciotti showed he was willing to take strong actions when he fired Brian Billick after the 2007 season, although Billick's eight years as the Ravens' head coach included the team's win in Super Bowl XXXV. He then surprised many observers by selecting John Harbaugh as his new coach, despite Harbaugh's peak of previous experience being a single year as a defensive backs coach after several successful years as the special teams coach for the Philadelphia Eagles. With five playoff appearances in five seasons (2008-2012) for the Ravens, Bisciotti and Newsome are often mentioned as one of the NFL's best owner-top executive combinations.
In 2009, Aerotek the company Biscotti co-founded reached a $1.2 million settlement in a class-action lawsuit filed on behalf of more than 1,000 workers who worked at the company's former call center in Martinsburg, attorneys announced Wednesday. Aerotek Inc. closed its call center in December 2006. The company then was sued to settle claims that the workers were not paid in a timely fashion for accrued personal time and were not paid all of the wages that were due in accordance with the West Virginia Wage Payment and Collection Act and Fair Labor Standards Act, according to Berkeley County Circuit Court records.
Handling of Ray Rice Suspension
A September 2014 report states, Raven’s coach John Harbaugh urged team executives to release Ray Rice in February after seeing video of Rice dragging his unconscious fiancée out of a casino elevator, but the executives overruled him. According to the report, Baltimore owner Steve Bisciotti, team president Dick Cass and general manager Ozzie Newsome rejected Harbaugh's request. Another portion of the report states that Rice received a pair of text messages from Bisciotti after Rice had been cut from the team on Sept. 8. The texts, according to the ESPN report, said the team would "have a job waiting for you with the Ravens helping young guys getting acclimated to the league" once Rice's NFL career was over. When contacted by ESPN, the Ravens did not deny Bisciotti sent the messages. According to the report, Rice later told friends he thought Bisciotti was implying the franchise would look out for him if he "kept quiet and stuck to the story that he had misled team officials and Goodell."
Bisciotti is a devout Roman Catholic, and on the board member for both Associated Catholic Charities and Mother Seton Academy. He and his wife Renée (Foote) have two sons, Jason and Jack. The family lives on the Severn River in Maryland.
- "The World's Billionaires (2010): #655 Stephen Bisciotti". Forbes. March 3, 2010. Retrieved February 20, 2011.
- "Steve Bisciotti biography". Baltimore Ravens. Retrieved February 4, 2011.
- "Baltimore Ravens History". Baltimore Ravens. Retrieved February 4, 2011.
- "Forbes 400 Richest Americans (2005): #378 Stephen J. Bisciotti". Forbes. September 15, 2005. Retrieved February 3, 2011.
Net worth: $960 million