Donald Trumps real net worth? Under his leadership, the Astros won five division titles, built a new stadium, and played in the teams first World Series. The Mandalorian's Season 3 premiere sets the stage for an adventurous third season of the hit Disney Plus Star Wars show. 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. McLane gave the group an exclusive 30-day negotiating window to make him an offer, but no deal ever materialized. The talk is frequently about games lost or trades not made. Temple, TX 76504, About This time,he talked it over with his family and stakeholders for the company. At age nine, Drayton went to work for his father's business. 1. The grandson of a successful entrepreneur, Drayton experienced firsthand the hard work and dedication it takes to successfully thrive in industry. McLane is optimistic Houston fans will embrace the new team. Anderson University Cancer Foundation, Heart of Texas Defense Alliance, Advisory Board for the Bush School of Government and Public Service, and a Director of Happy State Bank. Through the years he had many offers to buy the company and never seriously considered any of the proposals. The St. Louis Cardinals were the only team in Major League Baseball during the 2005 season to win 100 games. In 1991, McLane and shareholders sold the company to Sam Walton for 10.4 million shares of Walmart stock and $50 million in cash. Floors are tile in a neutral tone, and area rugs can be brought in. McLane Group. The website is intended to be an opportunity to exchange ideas for educational purposes. Drayton McLane Jr. Steve Greenberg, son of Hall of Fame slugger Hank Greenberg, is the firm's managing director. "I don't think so," he replied. The 2005 NLCS. 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. Drayton McLane, the owner of the Astros back then, told Oswalt before the game that if he won the game, McLane would get Oswalt the gift he always wanted - a bulldozer. During those years, McLane served as president of the Texas Wholesale Grocers Association (19701971) and chairman of the National American Wholesale Grocers Association (19861988).[3]. One of two male residence halls on campus, this two-story facility houses 190 students. Drayton McLane's house pictures. Articles In 1992, one of McLanes first and perhaps most notorious purchase was the Houston Astros baseball club. Copyright Drayton McLane Jr., 2020. 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. "The market will really determine what it is," Greenberg said. He was largely responsible for expanding the family business from a $3million-a-year operation into a $19 billion enterprise. Drayton McLane Jr. is pleased to assist the community by serving on Governor Abbotts Strike Force to Open Texas! By visiting the site you agree to comply with the Terms of Use, Privacy Policy and Code of Conduct. Denton McLane also serves on the board of the McLane Group and is chairman of McLane Global, a global food logistics company. Privacy Policy He used computer-based technology to enhance the distribution system. They were one of the first to computerize the distribution system, a key move in McLane Companys success. His past civic duties include: chairman of Board of Trustees, Baylor Scott and White Healthcare; chairman Scott and White Healthcare Board of Trustees; VP of Executive BoardBoy Scouts of America; chairmanUnited Way of the Texas Gulf Coast's Pacesetter Campaign; memberChildren's Miracle Network National Board of Governors; Chairman of the BoardChildren's Miracle Network; MemberTexas State Board of Mental Health and Mental Retardation; chairman of Board of TrusteesBaylor University; chairman of Board of RegentsBaylor University; member of the Greater Houston Partnership; chairman of Temple (Texas) Chamber of Commerce; and trusteeSouth Texas College of Law. After playing key roles in each of these companies growth and productivity, he resigned in order to devote more time to the McLane Group. Eighteen distribution centers were built around the United States. 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. Hosts and Guests may maintain positions in the companies and securities discussed. ), whose suspension weeks ago prompted Elon Musk to change Twitters rules. McLane Company, Inc. is one of the largest supply chain services leaders, providing grocery and foodservice supply chain solutions for convenience stores, mass merchants, drug stores and chain restaurants throughout the United States. McLane started working for the family business at the age of nine, spending Saturdays and summers sweeping floors and stacking inventory. After graduation, McLane returned home to work for his father. McLane Group's headquarters is located in Central Texas, outside of Temple, at The Lakes at Central Pointe. He is perhaps best known as the former owner of the Houston Astros, and for his company's long involvement with Walmart. It creates growth and stability on the television side, that otherwise would be dependent on some third-party to deliver for you.". In August, an investment group led by former Astros pitcher Nolan Ryan purchased the Texas Rangers through an unusual bankruptcy auction for $593 million -- about $100 million more than its starting bid. The visit started with the usual tour of the local Walmart, but then the unexpected happened. Mr. McLane hopes to use his official website to help in promoting some of the nonprofit efforts he and his family are involved in. The team went 8478 and won the National League Central division title, their first title since 1986. 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 Astros won the NL Central in 1997, '98, '99 and 2001 and earned wild-card berths in 2004 and '05. Features of the building include a computer lab, a large lobby with a pool table, laundry room where laundry can be done free of charge, vending machines, a meeting room, and two separate TV lounge areas. His wife, Elizabeth, and two adult sons, Drayton III and Denton, sat in the front row. "I talk to the fans and ask them what would you do if you owned 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]. 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. One large window is in each room. McLane Group is a privately held entity located in Temple, Texas. Is that enough for you? A prediction odds makers made months ago. Sign up for the very best of the podcast, the blog, resources, and upcoming events once a month. 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. However, Crane backed out at the last minute before a handshake deal could be done. They are active members of First Baptist Church of Belton, where he is a deacon. 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. He graduated from C.H. Yoe High School in Cameron in 1954. McLane Group: A diverse portfolio The McLane Family Foundation is making a difference in an extended community. 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. All Rights Reserved. Location: Bawcom Student Union Second Floor Greenberg said the establishment of the regional TV network boosts the Astros' value immensely. MCLANE CLASSIC FOODS. 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. Over the years, their philosophy remained consistent - bring home a World Series championship to Houston and make a positive difference in the community. McLane mixes with fans every night. Until 2017, the 2005 Houston Astros season was the most successful season on the field for the Houston franchise. McLane Company needed innovative ideas in order to remain competitive when Drayton joined the ranks in 1959. They decidedthe dealwas a great growth opportunityfor the company and the employees. 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. Under his management, McLane hired four general managers (the longest being Gerry Hunsicker) and six managers, with McLane being described as having a special interest in running the team like a business under close watch. [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. The McLane/Walmart association began in the 1980s when the McLane Company began selling convenience grocery items in the Walmart stores in Central Texas. If thats all you know, then you probably are aware of Draytons extraordinary leadership gifts and his reputation for honesty and integrity. He develops a highly engaged workplace, encouraging all team members to contribute to process development, innovation, quality assurance, cost savings, and team building. 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 . Mr. McLane received his Bachelor of Business Administration degree from Baylor University in 1958 and his Master of Business Administration degree from Michigan State University in 1959. With all the heartache and hard times that come with owning the Houston Astros, Drayton McLane also gets the best seat in the house. In addition, Mr. McLane has investments in several joint business ventures within the information technology market. She has 25 years of experience in the accounting field. He is chairman of the McLane Group, a holding company with a portfolio of various diverse enterprises. His grandfather started a wholesale food distribution business in the small central Texas town of Cameron in 1894, called McLane Company Incorporated. Drayton McLane Jr. 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. Through the years, Drayton McLane Jr. has shaped a diverse portfolio within the McLane Group. Drayton McLane completed his nineteenth season with the Astros in 2011 when he sold the team. Drayton McLane IIIgraduated from Baylor University in 1996 with a BBA in Marketing. McLane became president and CEO. John graduated from BowlingGreen State University with aBachelor of Science, Business Administration (BSBA). Read more McLane Group's headquarters is located in Central Texas, outside of Temple, at The Lakes at Central Pointe. "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.". Address: 900 College Street, Box 8006 Belton, TX 76513 Greenberg said McLane has not settled on an asking price, nor does he have a specific buyer in mind. A native Texan, this acclaimed businessman, leader, and generous philanthropist, ensures the focus of all his endeavors are based upon strong Christian values and moral ethics. 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. Sometimes down the row from the former President George Bush, but always where you and his players can see him. Drayton McLane Jr. is a dynamic business leader and philanthropist. Drayton McLane III graduated from Baylor University in 1996 with a BBA in Marketing. The team was sold on November 17, 2011, for $680million. In 2003, Walmart sold the company to Warren Buffett's Berkshire Hathaway for $1.45 billion. 1, a loaded LPGA field and more to watch in golf this week, How to watch PGA Tour's Arnold Palmer Invitational on ESPN+, Disputed loan at center of Commanders probe, Everything you need to know about F1's 2023 season, F1 season preview: Who's hot and who's not, Breaking down the latest in 2024 football recruiting, from top commits to March visits, Oral history: When Barcelona, Real Madrid played four Clasicos in 18 days back in 2011, LIVE Transfer Talk: Gvardiol, Bellingham named Real Madrid's top transfer targets. Abbott's strike force to reopen Texas", "Golden Plate Awardees of the American Academy of Achievement", https://en.wikipedia.org/w/index.php?title=Drayton_McLane&oldid=1123499054, This page was last edited on 24 November 2022, at 02:17. 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. Can the Lions fix their defense? Contact. "It's a lot of work, it takes time, but I think we'll have a good result.". "The Astros are a great sports franchise in a great city," Greenberg said. It's his team, his money, and you can watch him spend it happily or not from his seat right behind the plate. 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. At the end of the season, longtime general manager Hunsicker resigned. McLane became president and CEO of the company and ran it for almost 30 years, averaging a yearly sales growth of 30%. Watch a portion of McLane's interview in the above video player. Fantasy basketball: How concerning is LeBron James' injury. He will know what they think at a time when many baseball owners are out of sight. Cable and internet service are provided. This grew into a strong business and personal relationship between Drayton McLane Jr. and Sam Walton. Another big selling point is the team's new deal with the NBA's Houston Rockets to create a regional sports network that will begin airing Rockets games in 2012 and Astros games in the 2013 season. McLane spent most Saturdays and summers during his teenage years sweeping floors and learning various aspects of the wholesale grocery business. [22][23] McLane countersued, accusing the Astros of deliberately tanking in 2012 and 2013 (where they lost 218 combined games) to sink the network. He is responsible for creating and implementing company strategy and overseeing the executive management team. Sometimes he sits next to his wife, Elizabeth. He worked in professional sports for the Nashville Predators and the Houston Astros. He remained with the companies, serving in executive positions until 1993. Constructed in 1989, McLane Hall is named in honor of Drayton McLane, Jr., a resident of Temple and former owner of the Houston Astros. HOUSTON -- Houston Astros owner Drayton McLane is putting his franchise up for sale. Or, you may be aware of his prior ownership of the Houston Astros where he led the franchises rejuvenation and growth in the 90s and 2000s. All rights reserved. Today the heritage continues through McLanes sons Drayton III and Denton, while the family tradition of excellence remains within the collection of McLane companies. All furnishings are moveable, and the beds can be bunked. [8], The Astros had to rely on creativity to cultivate a club worthy of contention, as their minor-league system provided virtually nothing from 1986 to 1996 and McLane claimed to have lost $65 million by 1995 to the point where he implored the business community and fans to increase the season ticket base by at least 12,000 in the guise of being able to remain competitive and rumors surfaced about the team possibly moving to Northern Virginia. Drayton Jr. officially joined the family business after earning a bachelors degree in business from Baylor University and a masters degree in business administration from Michigan State University. Chairman Sports in Action 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. 2020 All Rights Reserved. But Houston has finished with a losing record in three of the past four seasons, and attendance has dwindled as the team has moved forward after the departure of its most recognizable stars. Each resident has his own closet space. But Greenberg said he's already fielded inquiries. The phone number and address on this site connect with Mr. McLanes business offices. Visit started with the drayton mclane house of Use, Privacy Policy and Code Conduct. Texas town of Cameron in 1894, called McLane company needed innovative ideas in order to remain when... On campus, this two-story facility houses 190 students, Crane backed out at last... Foundation is making a difference in an extended community, is the firm 's director! Front row intended to be an opportunity to exchange ideas for educational purposes a neutral tone, and upcoming once... Determine what it is, '' he replied of Conduct to his,. Won five division titles, built a new stadium, and area rugs can be brought in logistics! 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