Forge FC and ‘Caretaker’ Bob Young Announce New Ownership Structure
Excerpt of this story courtesy of Canpl.ca by Canpl staff originally posted January 2, 2022: https://canpl.ca/article/forge-fc-and-caretaker-bob-young-announce-new-ownership-structure
Young welcomes iconic Hamilton business Stelco to an expanded ownership group along with sports executives Scott Mitchell and Jim Lawson
Hamilton, ON (January 2, 2022) – The Hamilton Tiger-Cats and Forge FC announced today a new ownership structure with the creation of Hamilton Sports Group (HSG). The new entity will own and operate both the Hamilton Tiger-Cats and Forge FC as well as a master license agreement with Tim Hortons Field, a modern 23,000 seat multipurpose stadium in central Hamilton.
The existing ownership group will retain majority ownership and continue to manage the teams. “Caretaker” Bob Young will remain as the Chair and largest single shareholder of Hamilton Sports Group.
Young welcomes a group of passionate and experienced community leaders to the expanded ownership group which includes iconic Hamilton-based Stelco along with senior sports executives Scott Mitchell (current CEO for the Hamilton Tiger-Cats and Forge FC) and Jim Lawson (CEO of Woodbine Entertainment).
A leader in the Hamilton region for 110+ years, Stelco has a long and proud history in supporting and promoting the local business and sports community. Stelco’s Chairman and CEO Alan Kestenbaum will represent the company’s ownership position. A long-time football lover, Kestenbaum is also currently a minority owner of the NFL’s Atlanta Falcons.
For more on the details and the rest of the story on the formation of HSG, please go to the story at: https://canpl.ca/article/forge-fc-and-caretaker-bob-young-announce-new-ownership-structure