Robert Schmertz

For the folk musician and architect, see Robert Schmertz (artist).
Robert Schmertz
Born(1926-11-15)November 15, 1926
DiedJuly 24, 1975(1975-07-24) (aged 48)
New York City, New York
NationalityAmerican
OccupationReal estate developer
Known forCo-owner of the Portland Trail Blazers
Co-owner of the Boston Celtics
SpousePhyllis Kane

Robert Schmertz (November 15, 1926 – July 24, 1975) [1][2] was an American real estate developer and sports franchise owner. He was owner or part-owner of two NBA franchises; the Portland Trail Blazers from 1970 through 1972, and the Boston Celtics from 1972 until 1975.[3] He also owned the New England Whalers of the World Hockey Association, and the New York Stars of the now-defunct World Football League. Schmertz also founded Leisure Technology, a developer of retirement communities.[2]

Biography

Born to a Jewish family,[4] Schmertz attended Hackensack High School, where he played center on the school's basketball team.[5] The school inducted him into its Sports Hall of Fame in 1973.[6] In 1970, Schmertz along with his friends Larry Weinberg and Herman Sarkowsky paid $3.7MM to secure an NBA expansion team for Portland.[4]

In 1975, Schmertz was indicted by a New Jersey grand jury on bribery charges[7] Schmertz pleaded innocent to the charges. In July of that year, he suffered a stroke and died on July 24.[1] Leisure Technology would become a major developer of retirement communities, but would go bankrupt in 1991.[8]

Prior to his death in New York City, Schmertz lived in Lakewood Township, New Jersey.[9]

References

  1. ^ a b "Celtics owner dies of hemorrhage". Washington Post. 1974-07-25.
  2. ^ a b "Leisure Tech stock keeps sliding as sales weaken; N.J. prospects are barren; bonds trade at deep discount". Los Angeles Business Journal. 1990-08-13.
  3. ^ James P. Quirk, Rodney D. Fort (1992). Pay Dirt: The Business of Professional Team Sports. Princeton University Press.
  4. ^ Montville, Leigh. "Meet sports' Superfan", The Boston Globe, July 12, 1972. Accessed June 13, 2011. "The last time he played publicly was as 6-foot center for Hackensack High School."
  5. ^ Staff. "Induction Night; New Jersey Sports", The New York Times, April 26, 1974. Accessed June 13, 2011. "The Hackensack High School Sports Hall of Fame will induct nine former graduates tomorrow night, bringing its total to 323 men and women.... Probably the best-known member of the Hackensack Hall is a non-athlete - Robert Schmertz, owner of the Boston Celtics, New England Whalers and the New York Stars. He was inducted last year."
  6. ^ "Celtics owner indicted in New Jersey bribery". Washington Post. 1975-02-06.
  7. ^ Brad Berton (1993-02-01). "Leisure Technology reorganization goes before judge; proposal would give ownership to major bondholder". Los Angeles Business Journal. Retrieved 2007-11-12.
  8. ^ via United Press International. "Bulls' Bid Denied", Times-Union (Indiana), July 12, 1972. Accessed February 10, 2011. "Robert Schmertz, a real estate executive from Lakewood, has received unanimous approval from the National Basketball Association Board of Governors to purchase the Boston Celtics, but another group was rejected in its bid to buy the Chicago Bulls."
Preceded by Boston Celtics principal owner
November 1972–July 24, 1975 		Succeeded by


Stub icon

This business-related biographical article is a stub. You can help Wikipedia by expanding it.

Read other articles:

Western Ganga society

Society of ruling dynasty of ancient Karnataka Main article: Western Ganga Dynasty The Western Ganga Dynasty (350 – 1000 CE) (Kannada: ಪಶ್ಚಿಮ ಗಂಗ ಸಂಸ್ಥಾನ) were an important ruling dynasty of ancient Karnataka. They are known as Western Gangas to distinguish them from the Eastern Gangas who in later centuries ruled over modern Orissa. The Western Gangas ruled as a sovereign power from the middle of fourth century to middle of sixth century, initially from ...

 

New Hampshire Union Leader

Daily newspaper from Manchester, New Hampshire, US Union Leader redirects here. For other uses, see Union Leader (disambiguation). New Hampshire Union LeaderNew Hampshire Sunday NewsNovember 27, 2011 front pageof the New Hampshire Sunday News, which is now the Saturday edition of the New Hampshire Union LeaderTypeDaily newspaperFormatBroadsheetOwner(s)Union Leader Corp.PublisherBrendan J. McQuaidFounded1863Political alignmentConservative, Never Trump movementHeadquarters100 William Loeb Drive...

 

Stasiun Rengas

Stasiun Rengas Stasiun Rengas, November 2022LokasiBangunsari, Bekri, Lampung Tengah, Lampung 34162IndonesiaKoordinat5°7′55″S 105°9′23″E / 5.13194°S 105.15639°E / -5.13194; 105.15639Koordinat: 5°7′55″S 105°9′23″E / 5.13194°S 105.15639°E / -5.13194; 105.15639Ketinggian+54 mOperator Kereta Api IndonesiaDivisi Regional IV Tanjungkarang Letakkm 47+253 lintas Panjang–Tanjungkarang–Prabumulih[1] Jumlah peronSatu pero...

Débat

Pour l’article homonyme, voir Le Débat. « Le débat de ce soir : la perruque d'un homme doit-elle être poudrée avec du miel ou de la moutarde[1] ! »Dessin satirique de 1795 se moquant du contenu des débats, par Isaac Cruikshank, « Debating Society (Substitute for Hair Powder) ». La discussion politique (Emile Friant, 1889). Un débat est une discussion ou un ensemble de discussions sur un sujet, précis ou de fond, à laquelle prennent part des individ...

 

The Mumbles Lifeboat Station

RNLI Lifeboat Station in Wales, UKThe Mumbles Lifeboat StationNew Mumbles Lifeboat Station, opened in 2014Swansea, WalesGeneral informationTypeRNLI Lifeboat StationLocationPier Road, Mumbles, Swansea, UK. SA3 4ENCountryWales, UKCoordinates51°34′11″N 3°58′27″W / 51.5698°N 3.9741°W / 51.5698; -3.9741Opened1835 (taken over by RNLI - 1863)OwnerRoyal National Lifeboat Institution The previous Mumbles Lifeboat Station, used from 1922 to 2014 The Mumbles Lifeboat...

 

2017 World Fencing Championships

2017 edition of the World Fencing Championships This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.Find sources: 2017 World Fencing Championships – news · newspapers · books · scholar · JSTOR (September 2017) (Learn how and when to remove this template message) 2017 World Fencing Championships2017 World Fencing Championships...

Kecak

Kecapi, seruling dan sitar pada relief Borobudur, foto c. 1890 Musik dari Indonesia Garis waktuContoh Jenis KlasikDaerahTradisionalJazzHip hopPopRokR&BKeroncongDangdut Bentuk khusus Jawa KidungTembangLanggamGamelanAngklungCalungCampursariTarlingMusik tegalanKecapi sulingGambangJaranan dangdut Bali GenggongRindikCeng cengGuntangGamelan BaliKecak Sumatra Zapin Kalimantan SapehKatambungSampe Sulawesi Kolintang Nusa Tenggara Timur Sasando Maluku TifaKulintang Papua TritonFuuTifaKrambiPi...

 

Edmonton

Disambiguazione – Se stai cercando l'omonimo comune del Kentucky, vedi Edmonton (Kentucky). Edmontoncittà (city)City of Edmonton Edmonton – Veduta LocalizzazioneStato Canada Provincia Alberta Divisione censuariaDivisione No. 11 AmministrazioneSindacoAmarjeet Sohi (Partito Liberale del Canada) dal 29-10-2021 TerritorioCoordinate53°32′N 113°30′W / 53.533333°N 113.5°W53.533333; -113.5 (Edmonton)Coordinate: 53°32′N 113°30′W / &#x...

 

Marie-Madeleine Fourcade

Marie-Madeleine Fourcade Marie-Madeleine Fourcade, lahir 8 November 1909 di Marseille dan meninggal 20 Juli 1989 di Paris, merupakan seorang pemimpin pemberontak Prancis jaringan Alliance dengan nama kode Hérisson ('Landak) selama Perang Dunia II di Prancis. Alliance merupakan salah satu jaringan perlawanan terpenting yang bertindak untuk Inggris. Fourcade menggantikan Georges Loustaunau-Lacau (nama kode Navarre)[1] sebagai pemimpin Alliance setelah penangkapannya pada 1941. Dia adal...

2023–24 snooker world rankings

Preceded by2022/2023 2023/2024 Succeeded by2024/2025 Ronnie O'Sullivan (pictured) began the season as world number one and has maintained the position so far. The sport of professional snooker has had a world ranking system in place since 1976.[1] Certain tournaments were given ranking status, with the results at those events contributing to a player's world ranking. The events that made up the 1976–77 snooker season were the first to award players with ranking points. ...

 

Mary C. Alexander

American aviation pioneer This article is about the aviator. For the colonial era merchant, see Mary Alexander. Mary C. AlexanderBornMarch 2, 1893DiedApril 16, 1955(1955-04-16) (aged 62)Washington D.C.Other namesMary C. White, Mary Alexander HeldOccupationaviatrix Mary Charlotte Alexander (March 2, 1893 – April 16, 1955) was an American aviation pioneer, one of the first women to become a commercial pilot.[1][2] Alexander's husband was a salesman and they opened th...

 

Campionati europei di corsa campestre 2000

VII Campionato europeo di corsa campestre2000 European Cross Country Championships Competizione campionati europei di corsa campestre Sport Atletica leggera Edizione 7ª Organizzatore European Athletic Association Date 10 dicembre 2000 Luogo Malmö,  Svezia Partecipanti 328 atleti Nazioni 31 Risultati Vincitore Paulo Guerra Katalin Szentgyörgyi Statistiche Miglior nazione  Portogallo Gare 4 Cronologia della competizione Velenje 1999 Thun 2001 Manuale Il VII Campionato europeo...

Gyldendal Norsk Forlag

Norwegian publishing company Not to be confused with Gyldendal. Gyldendal Norsk Forlag ASTraded asOslo Stock Exchange: GYLFounded1925; 99 years ago (1925)Country of originNorwayHeadquarters locationOsloKey peopleArne MagnusPublication typesBooks, magazinesOfficial websitewww.gyldendal.no The central hall in the Gyldendal house in Oslo. The house within the central atrium is called Danskehuset (the Danish House), after the house of the original Danish publishing hou...

 

Metropolitan areas of Mexico

A map showing the location of the metropolitan areas in Mexico in 2004.Metropolitan areas of Mexico have been traditionally defined as the group of municipalities that heavily interact with each other, usually around a core city, in Mexico. The phenomenon of metropolization in Mexico is relatively recent, starting in the 1940s.[1] Because of an accelerated level of urbanization in the country, the definition of a metropolitan area (in Mexican Spanish: zona metropolitana) is reviewed p...

 

Karkheh Dam

Dam in khuzestan-AndimeshkKarkheh DamA view of Karkheh DamLocation of the Karkheh Dam in IranCountryIranLocationkhuzestan-AndimeshkCoordinates32°29′21″N 48°07′36″E / 32.48917°N 48.12667°E / 32.48917; 48.12667PurposeIrrigation,Flood control, PowerStatusOperationalConstruction began1992Opening date2001Construction costUS$700 millionOwner(s)Iran Water & Power Resources Development Co.Dam and spillwaysType of damEmbankment damI...

Frederick G. Payne

American politician (1904–1978) For other people named Fred Payne, see Fred Payne (disambiguation). Frederick George PayneUnited States Senatorfrom MaineIn officeJanuary 3, 1953 – January 3, 1959Preceded byOwen BrewsterSucceeded byEdmund Muskie60th Governor of MaineIn officeJanuary 5, 1949 – December 24, 1952Preceded byHorace HildrethSucceeded byBurton M. Cross Personal detailsBorn(1904-07-24)July 24, 1904Lewiston, Maine, U.S.DiedJune 15, 1978(1978-06-15) (aged 73...

 

Meitantei Konan Jūichi Ninme no Sutoraikā

Meitantei Konan Jūichi Ninme no SutoraikāSutradaraYasuichiro Yamamoto (utama) Kobun ShizunoDitulis olehKazunari KochiPenata musikKatsuo OnoDistributorTohoTanggal rilis 14 April 2012Durasi110 menitNegara JepangBahasaJepang Meitantei Konan Jūichi Ninme no Sutoraikā (名探偵コナン 11人目のストライカーcode: ja is deprecated ) adalah film ke-16 dari seri manga dan anime Detektif Conan. Film ini dirilis pada tanggal 14 April 2012.[1] Referensi ^ 16th Detective C...

 

Claira

Cet article possède un paronyme, voir Clairac. Claira Clocher de l'église Saint-Vincent. Blason Administration Pays France Région Occitanie Département Pyrénées-Orientales Arrondissement Perpignan Intercommunalité Communauté de communes Corbières Salanque Méditerranée(siège) Maire Mandat Marc Petit 2020-2026 Code postal 66530 Code commune 66050 Démographie Gentilé Clairanencs Populationmunicipale 4 681 hab. (2021 ) Densité 242 hab./km2 Géographie Coordonnées 4...

Newton's method

Algorithm for finding zeros of functions This article is about Newton's method for finding roots. For Newton's method for finding minima, see Newton's method in optimization. An illustration of Newton's method. In numerical analysis, Newton's method, also known as the Newton–Raphson method, named after Isaac Newton and Joseph Raphson, is a root-finding algorithm which produces successively better approximations to the roots (or zeroes) of a real-valued function. The most basic version start...

 

John Millen (Australian politician)

Australian engineer and politician John MillenSenator for TasmaniaIn office1 July 1920 – 30 June 1938 Personal detailsBorn(1877-05-03)3 May 1877Derry, IrelandDied1 August 1941(1941-08-01) (aged 64)Launceston, Tasmania, AustraliaPolitical partyNationalist (to 1931) UAP (from 1931)Spouse Janet Scott ​(m. 1906)​EducationToowoomba Grammar SchoolSydney Technical CollegeOccupationMining engineer John Dunlop Millen (3 May 1877 – 1 August 1941) was an Au...