Steve Bisciotti

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Steve Bisciotti
Steve Bisciotti, Super Bowl celebration.jpg
Steve Bisciotti speaks at the Baltimore Ravens' Super Bowl XLVII homecoming celebration.
BornApril 10, 1960 (1960-04-10) (age 53)
Philadelphia, Pennsylvania
ResidenceMillersville, Maryland
CitizenshipUnited States
EducationSalisbury State University
Occupationco-founder of Aerotek, owner of the Baltimore Ravens
Net worthIncrease US $ 1.5 billion (est.)
(March 2010)[1]
Board member of
Associated Catholic Charities
Mother Seton Academy
Spouse(s)Renée (Foote)
Childrentwo: Jason, Jack
 
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Steve Bisciotti
Steve Bisciotti, Super Bowl celebration.jpg
Steve Bisciotti speaks at the Baltimore Ravens' Super Bowl XLVII homecoming celebration.
BornApril 10, 1960 (1960-04-10) (age 53)
Philadelphia, Pennsylvania
ResidenceMillersville, Maryland
CitizenshipUnited States
EducationSalisbury State University
Occupationco-founder of Aerotek, owner of the Baltimore Ravens
Net worthIncrease US $ 1.5 billion (est.)
(March 2010)[1]
Board member of
Associated Catholic Charities
Mother Seton Academy
Spouse(s)Renée (Foote)
Childrentwo: Jason, Jack

Stephen J. Bisciotti (born April 10, 1960 in Philadelphia[2]) is the current majority owner of the Baltimore Ravens of the National Football League.[3] He founded a family of technical staffing companies known as Allegis Group, which owns Aerotek and TEKsystems.

Background[edit]

Steve Bisciotti came from a working-class Italian-American family in a Baltimore suburb. His parents, Bernard and Patricia Bisciotti, moved to Severna Park, Maryland, in March 1961.

Growing up, Bisciotti loved sports. His father took the children to Baltimore Orioles and Colts games. In his senior year at Severna Park High School, he played on the football team, though he has said he "wasn't much of a high school athlete."

In 1982, Bisciotti graduated from Salisbury State University in Maryland with a degree in liberal arts. A year later, at 23, he and his cousin Jim Davis started Aerotek, a staffing company in the aerospace and technology sectors. Running the company out of a basement office with secondhand equipment, Bisciotti and Davis produced $1.5 million in sales in the first year. Aerotek grew into the Allegis Group, which is now the largest privately held staffing firm in the United States and 4th in the world. Bisciotti's involvement in the sports business has brought more attention to his once low profile company.

Sports ownership[edit]

On March 27, 2000, NFL owners approved the sale of 49% of the Ravens to Bisciotti. In the deal, Bisciotti had an option to purchase the remaining 51% for $325 million in 2004 from Art Modell. On April 9, 2004 the NFL approved Steve Bisciotti's purchase of the majority stake in the club.[2]

One of the first projects Bisciotti directed as owner of the Ravens was to build the team's state-of-the-art training and practice facility, dubbed "The Castle," which opened in October 2004.

His stewardship of the Ravens has been calm, professional, and trusting in the management of GM Ozzie Newsome. However, Bisciotti showed he was willing to take strong actions when he fired Brian Billick after the 2007 season, although Billick's eight years as the Ravens' head coach included the team's win in Super Bowl XXXV. He then surprised many observers by selecting John Harbaugh as his new coach, despite Harbaugh's peak of previous experience being a single year as a defensive backs coach after several successful years as the special teams coach for the Philadelphia Eagles. With five playoff appearances in five seasons (2008-2012) for the Ravens, Bisciotti and Newsome are often mentioned as one of the NFL's best owner-top executive combinations.[citation needed]

In 2012, the Baltimore Ravens capitalized off a 10-6 season to go on to win Super Bowl XLVII against the San Francisco 49ers, bringing the number of Super Bowl wins under Bisciotti's ownership to two. Bisciotti is only one of twelve NFL owners to ever be awarded more than one Lombardi trophy.

In 2005 Bisciotti ranked 378 among the Forbes 400, a list of the richest Americans.[4]

Excepting the public owners of the Green Bay Packers, Bisciotti is currently the second youngest owner in the NFL, after 49-year-old Daniel Snyder[citation needed].

Personal life[edit]

Bisciotti is a board member for both Associated Catholic Charities and Mother Seton Academy. He and his wife Renée (Foote) have two sons, Jason and Jack. The family lives on the Severn River in Maryland.

References[edit]

  1. ^ "The World's Billionaires (2010): #655 Stephen Bisciotti". Forbes. March 3, 2010. Retrieved February 20, 2011. 
  2. ^ a b "Steve Bisciotti biography". Baltimore Ravens. Retrieved February 4, 2011. 
  3. ^ "Baltimore Ravens History". Baltimore Ravens. Retrieved February 4, 2011. 
  4. ^ "Forbes 400 Richest Americans (2005): #378 Stephen J. Bisciotti". Forbes. September 15, 2005. Retrieved February 3, 2011. "Net worth: $960 million" 
Preceded by
Art Modell
Baltimore Ravens principal owner
2004-present
Succeeded by
current owner