Wayne Huizenga

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Wayne Huizenga
Wayne Huizenga.jpg
Huizenga in the 1980s
Born Harry Wayne Huizenga
(1937-12-29)December 29, 1937
Evergreen Park, Illinois, U.S.
Died March 22, 2018(2018-03-22) (aged 80)
Fort Lauderdale, Florida, U.S.
Occupation Businessman; entrepreneur
Known for Blockbuster Video, Waste Management, Inc., AutoNation, and Swisher Hygiene
former owner of NFL's Miami Dolphins,
the NHL's Florida Panthers, and MLB's Florida Marlins teams
Net worth $2.6 billion[1]
Spouse(s)
  • Joyce VanderWagen
    (m. 1960; div. 1966)
  • Martha Jean "Marti" Goldsby
    (m. 1972; d. 2017)

Harry Wayne Huizenga Sr.[2] (/hˈzɛŋɡə/; December 29, 1937 – March 22, 2018) was an American businessman and entrepreneur. He founded Blockbuster Video, AutoNation, Waste Management, Inc. and was the owner or co-owner of the Miami Dolphins of the National Football League, the Florida Panthers of the National Hockey League, and the Florida Marlins of Major League Baseball.

Background[edit]

Harry Wayne Huizenga was of Dutch descent.[3][4][5] His grandfather, Harm Huizenga,[6] came to the United States from the Netherlands. Starting with a horse and wagon, Harm Huizenga built trash hauling service, Huizenga & Sons Scavenger Co. in suburban Chicago in 1894.[7][3] Wayne Huizenga's parents, Gerrit Harry Huizenga (1916–2001),[8] a cabinet maker, and Jean Huizenga (née Riddering; 1918–2006),[9] a home decorator;[6] grew up in the Dutch community in Chicago[10] and were strict Dutch Reformed Christians.[11]

Huizenga was born at Little Company of Mary Hospital, in Evergreen Park, Illinois, on December 29, 1937, the first child in a family of garbage haulers.[12][11] He had one sister, Bonnie, who was five years younger.[3] He attended Timothy Christian School until his mid-teens.[13] In early 1953, the Huizenga family moved to Florida and settled in the Fort Lauderdale area. His father became a building contractor in a booming real estate market.[11]

The remainder of Huizenga's high school years were spent at Pine Crest School, where he was a member of the football team and senior class treasurer.[3][10] After high school graduation in 1956, he moved back to Chicago where most of his friends, grandparents and other relatives still lived, and enrolled for three semesters[11] at Calvin College, a liberal arts college in Grand Rapids, Michigan, but he dropped out before the end of his sophomore year.[3] For approximately five years after graduation, he was taking on low-wage jobs and enrolled briefly for six months in September 1959 in the army reserves on full time service.[10][14]

Career[edit]

In Fort Lauderdale, Huizenga started a garbage hauling business, as his grandfather had done in Chicago in 1894.[3] In 1962, he started the Southern Sanitation Service by borrowing US$5,000 from his father and sweet-talking with a rival trash hauler into selling him used trucks.[7] Beginning with a single garbage truck in 1968, and pursuing customers in an aggressive manner,[15] he created Waste Management, Inc., an entity that would eventually become a Fortune 500 company. Huizenga purchased many independent garbage hauling companies; by the time he took the company public in 1972, he had completed the acquisition of 133 small-time haulers. In the early 1980s, he had grown Waste Management into one of the largest waste-disposal companies in the United States.[16] In 1984, he left the company and soon again, he was buying companies including suppliers of portable toilets and water bottles for home coolers.[6]

Huizenga repeated the process with Blockbuster Video, acquiring a handful of stores in 1987,[17] with the company becoming the leading movie-rental chain in the U.S. by 1994. After a process of building and acquiring auto dealerships, in 1996, he formed AutoNation, which became the nation's largest automotive dealer.[18]

In 2004, he sold Boca Resorts, a group of hotels that included The Hyatt Pier 66 Hotel[19] and the Radisson Bahia Mar Hotel & Marina[20] in Fort Lauderdale, The Boca Raton Resort & Club in Boca Raton, Florida, and several others in Naples, Florida and Arizona to private equity firm Blackstone as part of a $1.25 billion deal.[19]

In 2010, Huizenga along with Steve Berrard, former CEO of Blockbuster Video and AutoNation, took on a majority stake in Swisher Hygiene, after paying $8.1 million to founder Patrick Swisher and his wife, Laura.[21] Swisher Hygiene went on to be traded on the NASDAQ and the Toronto Stock Exchange via a 2010 reverse takeover deal in which the company acquired the publicly traded CoolBrands International, a Canada-based frozen food and dessert manufacturer. CoolBrands had divested its core businesses in 2007, leaving little more than a corporate shell.[citation needed]

Sports team ownership[edit]

Huizenga was notable for introducing both baseball and ice hockey to the South Florida area as the creator and initial owner of the Florida Marlins and Florida Panthers.[7] Also, he bought the cable television channel SportsChannel Florida (now Fox Sports Florida) in 1996 to air his teams' games in the region.

He was criticized for naming the two teams for the state of Florida rather than the city of Miami. As an advocate for the city of Fort Lauderdale, he explained that his goal was to include Broward County and Palm Beach County in his teams' fan base.[citation needed]

In 1994, Huizenga's brother-in-law attempted to purchase the NBA's Miami Heat,[22] but was unsuccessful.

Football[edit]

In 1990, during a period of financial hardship for the franchise, Huizenga purchased 15% of the National Football League's Miami Dolphins and its stadium in Miami Gardens, Florida. Long-time owner Joe Robbie had recently died, and his family found it difficult to keep the team afloat. In turn, Huizenga bought the remaining shares of the team for $115 million to obtain full ownership in 1994.[23] He changed the name of Joe Robbie Stadium, selling the naming rights to Fruit of the Loom brand Pro Player for $2 million per year for 10 years.[24] It has since been renamed many times – as Dolphins Stadium, Dolphin Stadium, Land Shark Stadium, Sun Life Stadium, as well as a few other corporate names, such as Fruit of the Loom, and Hard Rock Stadium.[25]

In 2008, Huizenga sold 50% of the team and 50% of the stadium to Stephen M. Ross, chairman of The Related Companies. Huizenga remained the managing general partner of the franchise until January 2009, when he sold another 45% of the team and as much of the stadium to Ross. Thus, Ross became managing general partner with 95% ownership of the Dolphins and the stadium, and Huizenga retained a 5% share of both club and stadium.[26] Huizenga remained the proprietor of 50% of the land.[26][27]

In the early 1990s, Huizenga served a two-year probationary period with the National Football League as an owner, with the stipulation that he not buy another team.[21]

Baseball[edit]

In the 1996 off-season period, and only four years after the Marlins' first expansion appearance in the Major League, Huizenga and General Manager Dave Dombrowski spent more than $89 million in transfers, the amount surprising the rest of the league.[28] The Marlins strengthened its pitching staff by luring Alex Fernandez to Miami and brought over third baseman Bobby Bonilla, outfielder Moisés Alou, reliever Dennis Cook and outfielders John Cangelosi and Jim Eisenreich.[29] In the 1997 season, the team made the playoffs for the first time in its history and went on to win the World Series, defeating the Cleveland Indians in seven games.[29]

In the next off season, Huizenga, claiming a financial loss of approx. $34 million running the team that year,[30] a claim subsequently disputed by Smith College economist Andrew Zimbalist in an essay,[31] ordered the $54 million players-payroll to be cut, which led to an exodus of most of the Marlin's championship players.[30] In November 1998, the year after it won the World Series, the Marlins were sold for a reported amount of approx. $150 million to commodities trader John Henry,[32] who would go on to sell the franchise in order to finance his 2002 acquisition of the Boston Red Sox. In 2017, the Marlins was sold by owner Jeffrey Loria to a group of investors for a reported sum of $1.2 billion.[33]

While his sale of the Marlins was characterized as "one of the worst moves in the franchise's history"[30] and Huizenga subsequently expressed regret over his final years with the club and wished he had instead chosen to "go one more year",[34] the analysts of the Baseball Prospectus, through statistical work, claimed that by both winning the sport's ultimate trophy and selling the club immediately after that win for a substantial profit, Wayne Huizenga proved to be a "genius."[29]

When he sold the Marlins, Huizenga, who still owned then-Pro Player Stadium, retained the rights to skybox tickets and club seat customers, as well as 62.5% of parking revenue, and 30% of concessions.[35] Economist Andrew Zimbalist commented that "Huizenga made a killing when he sold the team for $150 million [in 1998] and had the lease for this stadium that enabled him to keep just about all the stadium revenue."[35]

Hockey[edit]

Huizenga operated the Florida Panthers as a public holding company, buying numerous real estate properties in the name of his Panthers Holding Group. Capitalizing on the team's 1996 drive to the Stanley Cup finals, he sold shares to the public, whose enthusiasm for the club drove civic leaders in Broward County to use public money to build a new arena for the team. Huizenga used the hockey team's stock as currency to begin building yet another diversified enterprise, buying two resort hotels owned partly by Huizenga and other Panthers officials. His original investment in the Panthers had nearly tripled in total value to $150 million.[36]

In 2001, he sold the Panthers to pharmaceutical businessman and friend Alan Cohen and Cohen's partner, former NFL quarterback Bernie Kosar, for approximately $100 million.[37] In December 2017, 25 years after he created the club, the Panthers retired the no. 37 shirt in honor of Huizenga. His family chose the number because it was his "birth year and lucky number."[38]

Philanthropy[edit]

Huizenga funded the H. Wayne Huizenga School of Business and Entrepreneurship at the Nova Southeastern University in Fort Lauderdale, Florida. He donated to Pine Crest School, a private preparatory school, which named its science building Huizenga Science Building. He was a board member of the Laureus Foundation, a charity that, according to its mission statement, "us[es] the power of sport to end violence, discrimination and disadvantage."[39]

Honors[edit]

In 1992, Huizenga was named a "Distinguished American" by the Horatio Alger Association in 1992[40] for his funding of scholarships throughout Florida. He was named its 2008 Norman Vincent Peale Award recipient.[41] His donations help fund the association's annual National Scholar awards.

In 2012, the City of Fort Lauderdale, Florida, renamed Southeast 9th Street in the Rio Vista neighborhood Wayne Huizenga Blvd.[42]

Personal life and death[edit]

On September 10, 1960, he married Joyce Vander Wagen, a woman with a Dutch background, whom he met while in high school. He had known Joyce since his early school years in Evergreen Park. Wayne and Joyce had two children, Wayne Jr. and Scott. The marriage ended in divorce in 1966.[3] Huizenga married his second wife, Martha Jean "Marti" (née Pike) Goldsby, a native of San Antonio, Florida,[43] in April 1972.[44] She was a secretary, who had done billing and clerical work in one of his businesses.[3][6] He later adopted her son,[3] Robert Ray and daughter Pamela.[45] The couple remained married until her death on January 3, 2017, following a fourteen-year battle with cancer.[46]

In 2004, Huizenga purchased a private luxury yacht from the Australian professional golfer Greg Norman.[47] The yacht cost $77 million and was further modified by Huizenga to feature a helipad for a 12-seat helicopter. In August 2004, Power & Motoryacht ranked it as the 43rd-longest yacht in the world.[48]

In the 1980s, he began acquiring some 2,000 acres about 30 miles north of West Palm Beach. In 1996, he based the Floridian Golf & Yacht Club there, an exclusive golf club "with enough estate homes on the property to cover his costs,"[49] whose course was designed by Gary Player,[50] where he extended free privileges to some two hundred "friends, relatives, and business associates," including actors Michael Douglas and Catherine Zeta-Jones and retired GE Chairman Jack Welch.[49] He renamed his yacht Floridian, before selling the Floridian club and estate to Texas entrepreneur Jim Crane in 2010.[51]

Huizenga died of cancer at his home in Fort Lauderdale, Florida, on the night of March 22, 2018.[12][52] He was 80.[7]

References[edit]

  1. ^ H. Wayne Huizenga: Real Time Net Worth, Forbes.
  2. ^ "Harry Wayne Huizenga, 80". Wall Street Journal. 
  3. ^ a b c d e f g h i Almond, Steven (December 1–7, 1994). "Citizen Wayne - The Unauthorized Biography". Miami New Times. Archived from the original on February 19, 2004. 
  4. ^ Huizinga (Huysinga, Huisinga) family, Global Anabaptist Mennonite Encyclopedia.
  5. ^ Huizinge in the Netherlands.
  6. ^ a b c d Hagerty, James R. (March 23, 2018). "Wayne Huizenga, Entrepreneur Behind Blockbuster and AutoNation, Dies at 80". Wall Street Journal. 
  7. ^ a b c d Cohen, Howard; Beasley, Adam H.; Jackson, Barry (March 23, 2018). "H. Wayne Huizenga, billionaire entrepreneur and Miami sports icon, dies at 80". Miami Herald. 
  8. ^ "Gerrit Harry Huizenga". Geni. 
  9. ^ "Jean Huizenga". Geni. 
  10. ^ a b c "Wayne H. Huizenga [1937]". New Netherland Institute. 
  11. ^ a b c d "Huizenga, H. Wayne - Overview, Personal Life, Career Details, Chronology: H. Wayne Huizenga, Social and Economic Impact". encyclopedia.jrank.org. Retrieved August 24, 2016. 
  12. ^ a b Spencer, Terry; Wine, Steve (March 23, 2018). "Chicago-born Wayne Huizenga dies at 80; built his fortune though Waste Management and Blockbuster Video". Chicago Tribune. 
  13. ^ "Wayne Huizenga, dead at 80, built fortune in trash, owned Blockbuster, Dolphins". March 23, 2018. 
  14. ^ "H. Wayne Huizenga". NNDB. 
  15. ^ According to a civil suit filed in November 1961 by Thomas Millwood, a self-employed electrical engineer, refused young Huizenga's offer to haul the trash with his Pompano Carting venture, and "[a]fter using abusive and profane language to both Millwood and his wife, the defendant Huizenga attacked Millwood in a fit of anger and without provocation ... striking him on his face and body, using great force and violence, thereby inflicting great bodily harm and mental shock." The altercation left Millwood with a "ripped shirt, broken sunglasses, and abrasions" on his face. Most painful, noted the lawsuit, was the "permanent injury to the testicles and genital area as a result of grabbing and twisting by the defendant." The matter went to trial, where the jury awarded Millwood $1,000 in damages. : From Almond, 1994.
  16. ^ Aseltine, McRea, Modi, Shukla, and Sullivan. A Strategic Case Analysis: Waste Management Inc, Spring 2006, 3.6.3., :Summary of Competitive Analysis" : "The three largest national companies, Waste Management, Allied Waste and Republic Services together handle more than half the solid waste generated in the United States today."
  17. ^ Hyatt, Joshua (July 1, 2003). "He Began Blockbuster. So What? David Cook created a household name, but he refuses to become one". CNN Money. Retrieved January 23, 2014. 
  18. ^ White, Joseph B., "One Billion Cars", The Wall Street Journal, p. R1, April 17, 2006.
  19. ^ a b "Iconic Hyatt Pier 66 hotel and marina for sale" by Arlene Satchell, The Sun Sentinel, February 3, 2016.
  20. ^ "Bahia Mar sold, may be upgraded with more dining and shopping" by Arlene Satchell, The Sun Sentinel, February 3, 2016.
  21. ^ a b "Swisher's blockbuster deal" by Will Boye, Charlotte Business Journal, January 10, 2005.
  22. ^ "Huizenga Relative Buys Control of Heat", The New York Times, August 13, 1994.
  23. ^ Salguero, Armando (June 28, 1994). "Huizenga Expected To Finalize Purchase Of Dolphins Today - tribunedigital-orlandosentinel". Articles.orlandosentinel.com. Retrieved March 23, 2018. 
  24. ^ "Robbie Stadium renamed Pro Player Park - UPI Archives". Upi.com. August 26, 1996. Retrieved March 23, 2018. 
  25. ^ Kirshner, Alex (November 11, 2017). "Miami stadium name history: 10 changes in 29 years". SBNation.com. Retrieved March 23, 2018. 
  26. ^ a b 2017 Media Guide, The Miami Dolfins - from The Huddle website.
  27. ^ "Huizenga to sell share of Dolphins to developer". Associated Press. February 22, 2008. Archived from the original on February 26, 2008. 
  28. ^ "Huizenga's Big Splash Engulfs All Of Baseball" by Paul Sullivan, Chicago Tribune, June 29, 1997.
  29. ^ a b c "Is Wayne Huizenga a Genius?" by Jonah Keri, chapter 8.3 of Baseball Between The Numbers: Why Everything You Know About the Game Is Wrong by the Baseball Prospectus Team, Basic Books, USA, 2006, ISBN 978-0-465-00547-5, pp. 306–325.
  30. ^ a b c "Miami Marlins: The 7 Worst Moves in Franchise History", by Cheng Sio, The Bleacher Report, December 2, 2012.
  31. ^ "The Capitalist; A Miami Fish Story" by Andrew Zimbalist, The New York Times, October 18, 1998.
  32. ^ "Sold! John Henry Buys Marlins", CBC News, November 6, 1998.
  33. ^ "Five Things to Know About the New Miami Marlins Owner Who Isn't Derek Jeter]" by Jerry Iannelli, Miami New Times, August 13, 2017.
  34. ^ "Ex-owner regrets breaking up '97 club" by Joe Frisaro, MLB website, February 10, 2009.
  35. ^ a b "As If The Marlins Fire Sale Wasn't Enough For Wayne Huizenga", Sports Business Daily, October 10, 2003.
  36. ^ "As the Panthers Lose Money, Their Fans Enrich Huizenga" by Edward Wyatt, The New York Times, March 25, 1998.
  37. ^ "Panthers Sold For $101 Million" by Sarah Talalay, The Sun Sentinel, June 6, 2001.
  38. ^ "Panthers to retire No. 37 in honor of former owner H. Wayne Huizenga" by Matthew DeFranks, The Sun Sentinel, December 10, 2017.
  39. ^ Mission Statement, Laureus Foundation.
  40. ^ H. Wayne Huizenga, The Horatio Alger Foundation.
  41. ^ Norman Vincent Peale Award, The Horatio Alger Foundation.
  42. ^ Barszewski, Larry (December 4, 2012). "Wayne's World: Fort Lauderdale adds Huizenga Boulevard". Sun Sentinel. Fort Lauderdale. Retrieved October 18, 2014. 
  43. ^ Marti Huizenga profile in Walker's Research.
  44. ^ "Huizenga, H. Wayne - Overview, Personal Life, Career Details, Chronology: H. Wayne Huizenga, Social and Economic Impact - Blockbuster, Florida, Business, and Million - JRank Articles". Encyclopedia.jrank.org. Retrieved December 1, 2016. 
  45. ^ "Huizenga's son has to stay in prison" by Tonya Alanez, Sun-Sentinel, November 20, 2007.
  46. ^ "Marti Huizenga, who gave millions to help students and animals, dies at 74" by Howard Cohen, Miami Herald, January 3, 2017.
  47. ^ "Norman, Tiger sail away from golf". Espn.com. October 14, 2004. Retrieved March 23, 2018. 
  48. ^ "Business: Florida home to few of biggest yachts". Sptimes.com. Retrieved March 23, 2018. 
  49. ^ a b "A Round with Wayne Huizenga", Bloomberg, June 2, 2003.
  50. ^ Floridian Golf Course Description, Golf Link.
  51. ^ "Huizenga sells Floridian Golf & Yacht Club to Texas entrepreneur" by Nadia Vanderhoof, Sun-Sentinel, April 18, 2010.
  52. ^ Scheiber, Noam (March 23, 2018). "H. Wayne Huizenga, Owner of Teams and a Business Empire, Dies at 80". The New York Times.