It's amazing what they tell you.". Drayton McLane Jr. (born July 22, 1936) is an American billionaire businessman. In the early years, Drayton Jr. assisted his father in building a strong grocery distribution network that served convenience stores, supermarkets, fast food stores, and family owned business around Texas. The franchise, which will play its 50th season in 2011, has reached unprecedented success with McLane as the owner, making the playoffs six times in the last 14 years. [10][11] The 1995 team had a payroll of $32 million and finished one game off making the National League Wild Card. McLane Company needed innovative ideas in order to remain competitive when Drayton joined the ranks in 1959. He worked his way up and by earning the respect and admiration of his co-workers, he became president and CEO of the company in 1964 and held these positions for thirty years. $2.5 billion, according to our most recent tally. This year he is certain some of the talk will be about steroids, an issue McLane considers history. She has 25 years of experience in the accounting field. Oscar winner Robert De Niro is heading to Netflix in his first TV series as the star and executive producer of the conspiracy thriller Zero Day. The phone number and address on this site connect with Mr. McLanes business offices. But be prepared, McLane is ready to look to this season and his new team. Mr. McLane hopes to use his official website to help in promoting some of the nonprofit efforts he and his family are involved in. McLane became president and CEO. When Drayton Sr.s young son, Drayton Jr., turned nine years old, he spent his Saturdays and summers working at McLane Company stacking inventory and sweeping floors. Owner: 'Time is right' to put Astros up for sale, Top draft prospect Carter charged in fatal crash, Judge OK's some Flores claims vs. NFL for court, More PGA Tour changes: No cuts, smaller fields, No. Following the McLane Company's merger with Wal-Mart Inc. in 1990, Mr. McLane became vice president of Wal-Mart while maintaining his position with . The Astros finished the 2011 season with 106 losses under McLane in his final season as owner, the first occasion the team had lost 100 games in franchise history. While McLane and Greenberg answered questions, work crews installed a new scoreboard at Minute Maid Park, the Astros' home since the 2000 season. [29] In nineteen seasons as owner, the team won 1,556 games while losing 1,456. Located on the northwest corner of the campus, McLane Hall sits close to Hardy Hall and the Mayborn Campus Center which houses the gym, workout center, and recreational space. After the season, he fired Bill Wood and Art Howe on October 5 and replaced them with Bob Watson (promoted from assistant GM) and Terry Collins; Watson was the second African American general manager in Major League Baseball (first since Bill Lucas in the 1970s), and he served at the position until 1995, when he left to be the GM of the New York Yankees. Las Vegas says the team is going to win 72 or 73 games this year. In nineteen seasons as owner, the Astros had a winning record in fourteen of them while reaching the postseason six times and overseeing the team move into a new stadium with Minute Maid Park in 2000. Amazon, Alphabet, Salesforce and Disney have all slashed staff this year, citing cloudy economic forecasts. You may know Drayton McLane Jr. for his leadership work on behalf of Baylor University, including the key donation that made the new football stadium, now called McLane Stadium, possible. John Wright has extensive operations, supply chain, and business expertise earned in 3rd-party logistics, manufacturing, cash management and technology companies. McLane is pouring $12 million into stadium renovations, one enticement for a potential buyer. Following a four-game losing streak, the Oklahoma City Thunder have slid in the standings and are now 28-33. Although headquarters are in Central Texas, the company and its . "We had gone along for 18 years, and how our family needs to look at it, we just need to do stronger strategic financial planning for the future.". Temple entrepreneur Drayton McLane, 85, stays active promoting Texas Texas Economic Development Corporation Published Jan 31, 2022 + Follow For decades, Temple entrepreneur and philanthropist. The 74-year-old McLane said he's retained the New York investment firm Allen and Company to help him unload the team he purchased in November 1992 for about $117 million. Copyright 2023 KTRK-TV. Drayton Jr. eventually became president and CEO of McLane Company in 1964 and held this position for thirty years. Greenberg said the Rangers sale will have little bearing on the price tag for the Astros. Homes - Celebrity - Business Links: en.wikipedia.org By: neotrix Advertisement Celebrity Homes Mailing List Policies Advertisement Faith Driven Entrepreneur is an educational website hosted by Faith Driven Movements (501c6) and FDM Foundation (501c3) nonprofit corporations whose mission is to inspire, educate, and mobilize people to use their time, talents and other resources in the marketplace. ChatGPT Swears It Can Optimize Your Inventory. In addition, hes a true cheerleader and [], 4001 Central Pointe Parkway Jeff Bagwell and Craig Biggio are still at the park, but made of bronze and playing outside. Schultz is slated to step down from his third run as CEO on April 1, amid an ongoing labor dispute between the company and hundreds of U.S. stores. In 2003, Walmart sold the company to Warren Buffett's Berkshire Hathaway for $1.45 billion. [19] Crane made bids to buy a team in both 2009 (for the Chicago Cubs) and 2010 (for the Texas Rangers), but neither effort succeeded, with the latter bid reportedly being rejected due to the influence of McLane despite reportedly being a better deal than the accepted one. DraytonMcLane,Jr.serves as chairman of the McLane Group and is the former CEO of the Houston Astros Baseball Club. McLane started working for the family business at the age of nine, spending Saturdays and summers sweeping floors and stacking inventory. As president and CEO of the company, he led it to annual sales growth of 30 percent or more in each of the 32 years that he was at the helm. Over the years, their philosophy remained consistent - bring home a World Series championship to Houston and make a positive difference in the community. Chair in Health and Wellness, a new endowed chair that is a joint appointment between the hospital and the Texas A&M University Health Science Center College of Medicine. McLane, who made his fortune running the family's wholesale grocery business, has been considering selling the team for at least two years. Mr. McLane currently serves as chairman of Texas Central Partners, building the first high-speed rail in the United States between Houston and Dallas. The private bath is approximately 8' x 8' and has a shower and a large vanity. When Roberts son, Drayton Sr., graduated from college in 1922, he joined the growing family business where he worked for over 60 years. Temple, TX 76504, About Hosts and Guests may maintain positions in the companies and securities discussed. [20], McLane announced on November 21, 2010, that the Astros franchise was for sale again. Dallas/Fort Worth Area. They decidedthe dealwas a great growth opportunityfor the company and the employees. For the past fifteen years, Denton McLane has been directly responsible for managing McLane Global on behalf of McLane Group. 4001 Central Pointe Parkway Drayton McLane Jr. began his career assisting his father in the family business, building a strong grocery distribution network that grew into one of the largest distributors in the world. For the first 18 months, he worked the second (night) shift loading trucks. At age nine, Drayton went to work for his father's business. HOUSTON -- Houston Astros owner Drayton McLane is putting his franchise up for sale. Currently, they are active members of First Baptist Belton. Read more Drayton McLane Jr. is Chairman of McLane Group, and he is actively engaged in business, civic duty, and a number of philanthropic projects. He joined MBNA America in 1997 and worked there until 1999. The 2003 offseason brought the arrival of Roger Clemens and Andy Pettitte, each of whom played for three seasons, while longtime reliever Billy Wagner was traded to the Philadelphia Phillies reportedly due to his harsh comments about McLane. Drayton McLane's house (Bing Maps). Drayton McLane Jr. He thinks it is something to move past, not dwell on. Drayton Jr. was born in Cameron on July 22, 1936, attended the local high school and graduated from Baylor University in 1958 with a B.B.A. Students must check with the hall staff before hanging anything on walls or other surfaces within the room. On July 24, 1992, it was announced that McLane had come to an agreement with John McMullen to purchase the team, which also included the lease on the Astrodome for a total of $117 million; approval by the league owners followed in the fall. Partner The Associated Press contributed to this report. [18], McLane was approached after the end of the 2008 season about selling the team, and he nearly sold to Jim Crane. "I bet $96 million they're wrong!". He is a major benefactor of both Baylor University, where the McLane Student Life Center, the acclaimed McLane carillons, and McLane Stadium are named in his honor, and the University of Mary Hardin-Baylor (UMHB) in Belton, Texas, where McLane Hall honors him. Dave Campbell's Texas Football Magazine and Website. But theres even more to Draytons complete story. He joined MBNA America in 1997 and worked there until 1999. The facility houses administrative offices overseeing each of the companies that make up the McLane Group family, and the Class A office space also provides home to a few other companies. The facility received a $4.3 million renovation in 2009. [6][7] McLane and Tal Smith searched for a GM and came up with Gerry Hunsicker, hired in November 1995. Privacy Policy Through the years he had many offers to buy the company and never seriously considered any of the proposals. For inspiration, the company installed a few sculptures, including this 50ft tall piece by Nic Noblique. Governor Abbotts Strike Force to Open Texas. The chairman of McLane Group and chairman and CEO of the Major League Baseball's Houston Astros lives here. You can change the views of Drayton McLane's home by clicking on N, E, S or W. Drayton McLane home is located in Temple, TX USA. Drayton McLane's house in Temple, TX (Bing Maps) Yasir bin Othman Al-Rumayyan, governor of the $500 billion (assets) Public Investment Fund of Saudi Arabia, has 21 days to respond to the summons as the bitter professional golf power struggle boils over into geopolitics. One of two male residence halls on campus, this two-story facility houses 190 students. When he heard David Glass, Walmarts president and CEO would join them, the meeting became more interesting. Fantasy basketball: How concerning is LeBron James' injury. Temple, TX 76504, About One micro-fridge is included in each room. About Drayton McLane, Jr. Drayton McLane turned his family's grocery distribution company, McLane Co., into an international firm and sold it to Walmart. He sold the family business to tennis partner Sam Walton for cash and Wal-Mart shares in 1990. All rights reserved. Denton lives in Birmingham, Alabama and holds a BBA degree in Economics from Baylor University and a Masters degree in Economics from the University of Alabama. It will be full-speed ahead.". He leaves the best seat in the house to wander Minute Maid's concourses. Drayton McLane completed his nineteenth season with the Astros in 2011 when he sold the team. [12] Dierker would lead the Astros to the postseason three more times over the next four seasons before Dierker was essentially pushed out by McLane and Hunsicker.[13]. McLane says he is as optimistic on this opening day as he has been every opening day for the past 15 years, although this is a different year for him. Greenberg said McLane has not settled on an asking price, nor does he have a specific buyer in mind. Sign up for the very best of the podcast, the blog, resources, and upcoming events once a month. The facility houses administrative offices overseeing each of the companies that make up the McLane Group family, and the Class A office space also provides home to a few other companies. History of McLane GroupHow a Small Grocery Business Grew Into One of the Largest Foodservice Distributors in the World. A recent regional television deal with Comcast SportsNet Houston was stated by McLane as putting the Astros on a similar footing as other National League teams, and McLane believed it would help with the income side of this transaction. They are active members of First Baptist Church of Belton, where he is a deacon. Until 2017, the 2005 Houston Astros season was the most successful season on the field for the Houston franchise. During that time, the company experienced an average yearly sales growth of 30percent. Wireless internet in the building and two internet jacks per room. Drayton McLane Jr. is pleased to assist the community by serving on Governor Abbotts Strike Force to Open Texas! A disappointing .500 record at the All-Star break, combined with jeers of manager Jimy Williams when announced as a coach of the 2004 All-Star Game held in Houston, led to him being fired one day later for Phil Garner. Through the years, Drayton McLane Jr. has shaped a diverse portfolio within the McLane Group. Reflects change since 5 pm ET of prior trading day. During his tenure, he propelled the McLane Company into a $19 billion dollar company, achieving an average growth rate of 30 percent per year. He then worked at Lone Star Plastics until 2006. As of October 2021, his net worth was estimated at US$2.9billion.[1]. Drayton McLane is a grocery-store executive, and the owner of the Houston Astros baseball team. "Do you deserve any of the blame," I asked. The lawsuit, filed in state court in Houston on Thursday, accuses former Astros owner Drayton McLane Jr., as well as Comcast Corp. and NBC Universal Media of fraud, misrepresentation and conspiracy. Faith Driven Movements brings together leaders from around the world that seek to make a financial, social, environmental and spiritual impact through their business ventures. So, we'll let the market determine the price. Greenberg said the normal timeline for such a deal runs about six to 12 months. Mr. McLane is the Chairman of the McLane Group, overseeing a number of companies, and he also serves upon the boards of a number of other organizations. |, McLane Ford Dealership of Fredericksburg LLC. Contact. You can ask him yourself? "Of course," he replied. Further, Faith Driven Movements does not endorse or recommend any presenter, promoter, investment advisor, strategy, company or any views mentioned at any conference or in the Materials. The talk is frequently about games lost or trades not made. It's his team, his money, and you can watch him spend it happily or not from his seat right behind the plate. There were many similarities between the two companies and their respectiveowners both were founded in small town America on strong dedication to customers and employees; both were committed to honesty, integrity, and high ethical standards. Contact. Today the heritage continues through McLanes sons Drayton III and Denton, while the family tradition of excellence remains within the collection of McLane companies. [9] McLane, who had balked at the idea of building a new stadium by the County that wanted over $200 million contributed by the Astros, had approached Collins about a backup plan to sell the team to him for $150 million if the Harris County stadium referendum failed, which McLane apparently felt was going to not pass. 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They were unable to bring home a championship, but they were the first Texas team to make it to the World Series and they also made a very positive difference in the community. Are PSG better off without Neymar in big games? Copyright Drayton McLane Jr., 2020. Articles Republican Sen. Mike Lees Twitter Account Briefly SuspendedAnd Its Not Clear Why, Saudi Investment Chief Ordered To Appear In Court As PGA-LIV Golf Legal Drama Heats Up, Netflix Announces Robert De Niro Limited Series Zero Day, The 10 Best Shows Added To Netflix In March 2023, 2023 Layoff Tracker: Alphabets Waymo Self-Driving Unit Cuts Over 130 Employees, Reports Say, OKC Thunder: Upcoming Six-Game Slate Will Dictate Direction Of Season, The Forbes 400 2022: 10 Richest Newcomers, The Forbes 400 2022: 10 Billionaires Under 40, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. McLane Group is a parent company consisting of family-owned companies operating throughout the world, which until November 2011 included the Houston Astros, for which he served as chairman and CEO. I never heard anyone even mention steroids.". Drayton also serves as a director with Central National Bank in Waco, TX. Mr. McLane is the Chairman of the McLane Group, overseeing a number of companies, and he also serves upon the boards of a number of other organizations. This grew into a strong business and personal relationship between Drayton McLane Jr. and Sam Walton. Address: 900 College Street, Box 8006 Belton, TX 76513 Biography The McLane/Walmart association began in the 1980s when the McLane Company began selling convenience grocery items in the Walmart stores in Central Texas. Its been set up as a place to share Draytons activities and causes as well as his philosophies and his faith. |, McLane Ford Dealership of Fredericksburg LLC, The McLane Name at the Forefront of Innovation, Sheriff Blaylock: A Family Tradition of Service and Honesty, Distribution and Retail Pioneers Join Forces. McLane's father continued the business. Erin Hare came to work for McLane Group in May 2004 as the Accounts Payable Specialist. Articles By implementing innovative technology and efficient business practices, he expanded the family business into a multi-billion dollar enterprise. McLane mixes with fans every night. [2], As president and CEO of McLane Company from 1965 to 1994, he added 16 distribution facilities across the US. McLane Company needed innovative ideas in order to remain competitive when Drayton joined the ranks in 1959. He began developing his tireless work ethic at age nine by working for his father at the familys wholesale grocery business, the McLane Company. He was largely responsible for expanding the family business from a $3million-a-year operation into a $19 billion enterprise. The St. Louis Cardinals were the only team in Major League Baseball during the 2005 season to win 100 games. The team went 8478 and won the National League Central division title, their first title since 1986. He joined McLane Group as President and Chief Operating Officer in December 2022 and leads our diverse group of companies in manufacturing, distribution, and logistics. [17] Tim Purpura was named the new general manager for 2005. He was born on July 22, 1936 in Cameron, Texas. "I talked to Craig today. Links: en.wikipedia.org It was the last postseason run for the Astros, who fell into a decade-long drought that saw just two winning seasons from 2006 to 2014, owing to an aging team that lacked a suitable farm system, as done due to McLane and others pushing for goals of a World Series with a favor for free agents that left the team cratering after 2008. The Drayton McLane Jr. Official Website is maintained by a few key staff members authorized to publish information directly on behalf of Mr. McLane, although many of the articles and other writings were authored by the man himself. Drayton McLane Jr. was one of the first to develop and use emerging technology to streamline large scale supply chain operations. We're not going to set any price. His father, Drayton McLane Sr., owned a wholesale grocery distribution center that had been established by his grandfather, Robert McLane, in 1894. Drayton McLane Jr. Donald Trumps real net worth? KRIV-TV first reported McLane's agreement with the investment firm. All rights reserved. Team icons Jeff Bagwell and Craig Biggio were both gone by the 2008 season, and Houston traded pitching ace Roy Oswalt and five-time All-Star Lance Berkman in 2010. If thats all you know, then you probably are aware of Draytons extraordinary leadership gifts and his reputation for honesty and integrity. Throughout the following decades, McLane Company accomplished average yearly sales growth of 30% or more. He was, until 1990, the CEO of the McLane Company, a grocery and food service warehouse, supply, and logistics firm, and was, from 1993 until 2011, the chairman and CEO of Major League Baseball's Houston Astros. He earned his undergraduate degree at Baylor University in 1958 and his master of business administration degree in marketing at Michigan State University in 1959. In April 2020, Governor Greg Abbott named McLane to the Strike Force to Open Texas a group "tasked with finding safe and effective ways to slowly reopen the state" amid the COVID-19 pandemic. [21] Since the sale, McLane was sued by the purchaser, Jim Crane, for breach of contract, fraud, negligent misrepresentation or omission, and civil conspiracy, stemming from claims that McLane misrepresented the value of the team's TV broadcast rights. One large window is in each room. All Rights Reserved. They have two sons and five grandsons. He used computer-based technology to enhance the distribution system. All furnishings are moveable, and the beds can be bunked. He is chairman of the McLane Group, a holding company with a portfolio of various diverse enterprises. Drayton McLane turned his family's grocery distribution company, McLane Co., into an international firm and sold it to Walmart. McLane devotes his time to McLane Group,[30] the family holding company for these corporations: McLane and his wife, Elizabeth, have two adult sons, Drayton III and Denton. Temple, TX 76504, About It wasnt surprising the two acclaimed businessmen became personal friends through the years. Houston Astos owner Drayton McLane, Jr., leaves the Bob Casey Federal Courthouse in Houston, Texas, on Tuesday, May 2, 2006. "It's time to change and move forward," McLane said. Copyright Drayton McLane Jr., 2020. He became president and CEO of McLane Company in 1978 and chairman in 1992. He sponsors the McLane Lectures at UMHB, bringing to campus such notables as former President George H. W. Bush, Honorable Sean O'Keefe (former NASA administrator and current chancellor of Louisiana State University), and Barbara Bush, former first lady of the US. It is within easy walking distance to academic buildings and the library. Since ChatGPT busted onto the scene a few weeks ago, it has elicited some sharp opinions. Approximate room dimensions are 15' x 14' (210 sq. [4][5], In his first season as owner in 1993, the Astros went 85-77, with the free-agent acquisitions of Doug Drabek and Greg Swindell (each signed to four-year deals) doing minimal contributions. [email protected] (254) 295-4590. Can the Lions fix their defense? Not made expanded the family business into a multi-billion dollar enterprise was the successful! To move past, not dwell on ( born July 22, 1936 in Cameron, Texas eventually president... 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