Al Demarco Sports

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Al DeMarco - GM Sean Michaels Chris Jordan Matt Rivers Steve Budin - CEO Jack Brayman. All sports combined ( - 16-6 last 22 in the NFL -) 453.5 Dimes in Football. Al DeMarco - GM Sean Michaels Chris Jordan Matt Rivers Steve Budin - CEO Jack Brayman Chuck O'Brien Scott Delaney Bob Valentino Jay McNeil Mitchell Newman Kirby Maxwell Eric Schroeder Tommy Brunson Trace Adams Gus Augustine.

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BornMay 8, 1933
New York City, New York, U.S.
DiedOctober 23, 2002 (aged 69)
Resting placeLake View Cemetery,
Cleveland
NationalityUnited States
EducationBrooklyn Tech High School
Alma materColumbia University
OccupationBusinessman, CEO, entrepreneur
Known forOwner of the Cleveland Browns (1998–2002)
Net worthUS$2.6 billion (1998)[1]
SuccessorRandy Lerner
Spouse(s)Norma Wolkoff
ChildrenRandy Lerner
Nancy Lerner Fisher

Alfred 'Al' Lerner (May 8, 1933 – October 23, 2002) was an American businessman. He was best known as the chair of the board of credit-card giant MBNA and the owner of the Cleveland Browns of the National Football League. He was also a past president of the Board of Trustees of the famed Cleveland Clinic as well as a major benefactor.[2]

  • Al DeMarco - GM Sean Michaels Chris Jordan Matt Rivers Steve Budin - CEO Jack Brayman Chuck O'Brien Scott Delaney Bob Valentino Jay McNeil Mitchell Newman Kirby Maxwell Brad Wilton Tommy Brunson Eric Schroeder Trace Adams.
  • Alfred 'Al' Lerner (May 8, 1933 – October 23, 2002) was an American businessman. He was best known as the chair of the board of credit-card giant MBNA and the owner of the Cleveland Browns of the National Football League.
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Early life and education[edit]

Born in Brooklyn, New York, Lerner was the only son of Russian-Jewish immigrants.[3] His parents owned a small candy store and sandwich shop in Queens, New York. He attended Brooklyn Technical High School and then Columbia College, the liberal arts college at Columbia University, graduating in 1955.[2] He served as a pilot in the U.S. Marines from 1955 to 1957, serving in Quantico, Virginia and Pensacola, Florida.

Career[edit]

After the Marines, Lerner began selling furniture, earning $75 a week.[2] eventually saving enough money to buy an apartment building in Cleveland.[4] His real estate portfolio grew and in 1990, he became a major shareholder in MNC Financial, The parent corporation of Maryland National Bank, which was at the time the largest bank headquartered in the State of Maryland. Struggling with real estate loans in the midst of the savings and loan crisis, MNC soon needed leadership and Lerner stepped in as chief executive officer. He tried unsuccessfully to sell the bank's most successful unit, credit card issuer MBNA, to raise cash. In 1991, he took MBNA public, investing $100 million of his own money to ensure the success of the initial sale of stock. Controversial MBNA would blossom into the second largest credit card issuer.

He was also the chairman of Town and Country Trust,[4] which owns and operates more than 15,000 apartment units in the mid-Atlantic region.

Cleveland Browns[edit]

In 1998, Lerner purchased the franchise rights of Cleveland Browns of the National Football League paying $530 million, a record for a sports franchise at the time, outdistancing the next closest bid by $30 million.[5] The runner-up bid was from Cablevision Systems chairman Charles Dolan and his brother and future Cleveland Indians owner Larry Dolan.

Prior to that, Lerner held a 5% stake in the old Cleveland Browns franchise.[6] In 1995, he assisted his friend at the time Art Modell, former owner of the Browns, in moving Modell's NFL franchise rights from Cleveland to Baltimore. Lerner introduced Modell to Baltimore financiers of the deal, and he sat behind on the podium at the press conference Modell announcing the team's move. However, many Browns fans were angered after word leaked that Modell's deal to move the Browns to Baltimore was signed on Lerner's private jet.[7] The two stopped talking shortly thereafter. In 1997, Modell paid $32 million to buy out Lerner's stake in the Baltimore Ravens, which had grown to 9%.[6]

After his death, his wife and son Randy Lerner took over the Browns franchise. Lerner's initials were stitched on the sleeves of the Browns' jerseys every season until the 2013 NFL season when they were removed from the jerseys under Jimmy Haslam's new ownership of the team.

Personal life and death[edit]

In 1955, Lerner married his wife Norma Wolkoff.[8][9] They were married for 47 years and had two children, business executive Randy Lerner, and Nancy Lerner Beck.[4][10] The Lerners were members of Temple Tifereth-Israel in Cleveland.[4]

He was extremely private and shunned the limelight.[11] He was proud of being a U.S. Marine and flew a Marine Corps flag atop the stadium during the entire time he owned the Browns. Additionally, he flew the Cleveland Browns football team flag at all MBNA America corporate sites along with the American flag and State flags. Cleveland native and fellow Marine Drew Carey paid tribute to Lerner at the end of a season 8 episode of The Drew Carey Show called 'The Dawn Patrol'.[12]

Lerner was diagnosed with brain cancer in 2001 and that May underwent surgery, spending most of his last year in and out of hospitals.[11] He died on October 23, 2002,[2] and was buried at Lake View Cemetery in Cleveland, Ohio.[13]

Legacy[edit]

Lerner gave generously to numerous hospitals and universities.[11] His favorite charities were the Cleveland Clinic and his alma mater Columbia University, both of which received multiple large gifts. He was President of the Cleveland Clinic Foundation and donated over $100 million to the hospital system to establish the Cleveland Clinic Lerner College of Medicine.[14][4] Lerner's estate also donated $10 million toward the construction of the National Museum of the Marine Corps.[citation needed] Lerner donated approximately $25 million toward the construction of a new Columbia University student center in 1999, which was named Alfred Lerner Hall in his honor.[4] In 2007, Columbia announced it would honor Lerner's military service in the United States Marine Corps with a plaque to be placed in Lerner Hall.[citation needed] The College of Business and Economics is named after him at the University of Delaware.[15]

In 1997, a Golden Palm Star on the Palm Springs, California, Walk of Stars was dedicated to him.[16]

In 1999, Lerner received the Golden Plate Award of the American Academy of Achievement. His award was presented by Awards Council member General Charles C. Krulak, the 31st Commandant of the U.S. Marine Corps.[17]

Demarco

In the Cleveland area, Lerner is honored in various ways:

  • University Hospitals of Cleveland has a building named after him (Alfred & Norma Lerner Tower)
  • The street in front of FirstEnergy Stadium (the Browns' home field) is renamed 'Alfred Lerner Way'
  • A statue in Lerner's likeness is in front of the Browns' HQ/training facility in suburban Berea, OH.[18]

Among awards he received, Lerner won the Horatio Alger Award and the John Jay Award.[19]

References[edit]

  1. ^'The World's Working Rich'.
  2. ^ abcdGoldstein, Richard Alfred Lerner, 69, Banker; Revived Cleveland Browns New York Times (accessed April 10, 2010)
  3. ^'Al Lerner (1933–2002)'. Jewish Virtual Library. Retrieved January 22, 2019.
  4. ^ abcdefCBS Sports: 'Browns owner Lerner dies at 69' October 23, 2002
  5. ^Sandomir, Richard PRO FOOTBALL; Lerner Wins Browns for $530 Million New York Times (accessed April 10, 2010)
  6. ^ abKahn, Jeremy Al Lerner Rectifies A Mistake on the LakeFortune, October 25, 1999 (accessed April 10, 2010)
  7. ^'Al Lerner – Former Marine & Cleveland Browns Owner'. Leatherneck.com. October 24, 2002.
  8. ^Norma Lerner bio Cleveland Clinic Website (accessed April 10, 2010)
  9. ^CBS Sports: 'AL Lerner, Browns Owner, Billionaire Dies' October 23, 2002
  10. ^McGeehan, Patrick ( April 9, 2004). 'MBNA Pressed on Independence of Board'. The New York Times.
  11. ^ abcAl Lerner, 69; Ohio Businessman Owned Cleveland Browns Los Angeles Times (accessed April 10, 2010)
  12. ^'The Dawn Patrol'. TV.com. November 15, 2002.
  13. ^DeMarco, Laura (June 30, 2019). 'Common grounds: Lake View Cemetery celebrates its 150th anniversary'. The Plain Dealer. p. 1.
  14. ^http://portals.clevelandclinic.org/AbouttheCCLCM/AbouttheCCLCM/tabid/4406/Default.aspx
  15. ^'Alfred Lerner College of Business and Economics'. University of Delaware. Retrieved April 5, 2015.
  16. ^Palm Springs Walk of Stars by date dedicatedArchived October 13, 2012, at the Wayback Machine
  17. ^'Golden Plate Awardees of the American Academy of Achievement'. www.achievement.org. American Academy of Achievement.
  18. ^Al Lerner statue – WTAM.com (WTAM 1100)
  19. ^Alfred Lerner '55: Businessman, Philanthropist, Student Center Benefactor, Columbia College Today
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Al_Lerner&oldid=1003065780'

Pro Basketball Free Picks

Al Demarco Sports Nation

Washington at MEMPHIS (238)

By Trace Adams, Featured Handicapper

Al demarco sports

As hot as I was in February is as cold as I now am here in March. That's the bad news, the good news is I feel as confident as ever and I know that all it takes is one winner to get me going.
Afternoon play today in the Big East goes on Marquette and Georgetown.
Still on the plus side in 46 of the last 79 days and I am set get back to my winning ways here on Wednesday.

At $1 bet per unit you are up $10,750 the past 79 days
Top-Rated
Winner # 24 of 36
Big East Bankroll Builder
Marquette-Georgetown - 3:00 PM ET
Let's get after it today in college basketball with this winner.
Things get back underway in the NBA this Wednesday night with a pair of games and I see this Washington-Memphis game ending up holding Under the total as both teams resume from a solid 5 day hiatus.
I definitely expect BOTH sides to come out a little slow as they try to topple this big total placed down by the oddsmakers.
These teams played just prior to the All-Star break in a 125-111 final in favor of Memphis in a game played in D.C. That game landed Under the total to make it a 6-2 series Under run the last 8 times these teams have faced one another and the Under is 7-3 overall for the last 10 series meetings.
Washington will head to Bluff City having landed Under the total in 2 of their last 3 before the break and on the road the Wizards sport Unders played in 10 of their last 13 overall!
Memphis went to the break with Unders played in 6 straight and in 7 of their last 8 overall.
The Under numbers were already enough to make me lean towards the Low at the Grindhouse on Wednesday night, but the fact that both teams have been idle for close to a week makes me really like a lower-scoring game to open the second half of the campaign.
Washington-Memphis Under.


San Antonio at DALLAS (222')

Al Demarco Sports Handicapper

By Mitchell Newman, Featured Handicapper

Another conference tournament winner delivered to you as Rice takes care of USM both straight up and against the spread.
Have another tourney winner on line for this Wednesday card.



Winner # 21 of 28



Rice over Southern Miss
MATCHES Monday's 75 Dime Winner
- Texas Tech over Iowa State last Thursday -
I plan on taking this sucker straight to the bank, come along with me.
Wednesday night comp play is the Spurs and Mavericks to hold Under the total as these teams work their way back into live game action for the home stretch of the regular season.
San Antonio went the the break with Unders in 3 of their last 5 and in 7 of their last 11 overall, while Dallas went to their break on a 5-1 Under run for their last 6 played in the first half of the season.
These teams did land Over in their first series meeting back in January when they met in San Antonio, but they had played their previous 3 games Under the total and the Under is still 7-3 for the last 10 overall series meetings between these Texas rivals.
You have to believe that being off for a good 5 days will leave both teams a little slow coming out of the gate.
Spurs-Mavericks to hold Under on Wednesday night.