The Ilich Family's Continued Ownership of the Detroit Red Wings

Despite the passing of Mike Ilitch, the Ilich family's ownership of the Detroit Red Wings remains intact. In addition to the Red Wings, they also own the Detroit Tigers, Little Caesars Arena, and a significant financial stake in the Motor City Casino.

Ownership Dynamics: Mike Ilitch's Legacy

Mike Ilitch's legacy as the owner of the Detroit Red Wings and the Detroit Tigers was secured through the establishment of a corporation in 1999, named Ilitch Holdings Inc. (IHI). This corporation encompasses a wide range of assets, including the sports teams, a pizza chain, and more.

The leadership structure of the company is as follows: Marian Ilitch, Mike's widow, serves as the Chairman of the Board, the ultimate decision-maker. Christopher Ilitch, Mike's son, holds the position of CEO and President of IHI. He has been in this role for the past four years, showcasing a strong continuity in the family's business operations.

The Passing of Mike Ilitch and the Red Wings

Upon Mike Ilitch's passing, the ownership of the Red Wings did not change hands. Instead, they were passed to his son, Christopher Ilitch. This continuity ensures that the team continues to benefit from the expertise and vision of the Ilich family.

A Martha of Assets

Ilitch Holdings Inc. has an extensive array of assets beyond just the Red Wings and Tigers. These assets include the Little Caesars Arena, a prominent sports venue in Detroit, and a significant financial interest in the Motor City Casino, a popular casino resort.

Little Caesars Pizza, the famous pizza chain, is a cornerstone of Ilitch Holdings Inc., providing both financial stability and a wide-reaching brand presence. Christopher Ilitch's leadership extends beyond baseball and hockey, as his role in Little Caesars and other ventures demonstrates his comprehensive management skills.

Conclusion

The Ilich family's commitment to the Detroit Red Wings and the broader sports landscape of Detroit continues unabated. With Christopher Ilitch at the helm, the team remains in capable hands, ensuring a stable and prosperous future for both the franchise and its fan base.

For fans and investors, the ongoing ownership by the Ilich family represents a rare instance of long-term commitment to a sports team. This stability is crucial for the sustained success and development of the Detroit Red Wings.