Red McCombs
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Billy Joe "Red" McCombs (born 1927 in Spur, Texas) is the founder of the Red McCombs Automotive Group, a co-founder of Clear Channel Communications, a former owner of the San Antonio Spurs, Denver Nuggets, and the Minnesota Vikings, and the namesake of the McCombs School of Business at the University of Texas at Austin (an honor which cost US$50 million). He was named as one of Forbes magazine's top 400 richest Americans in 2005.
McCombs was roundly criticized in Minnesota after he put the Vikings up for sale, as the team had gone from one of the most consistently popular in the NFL, at the time he bought it in 1998, to one struggling to make it the post-season. The team was running annually US$20-30 million below the salary cap (very near the league-mandated salary floor), and McCombs showing little inclination to purchase the players he would need to make the team a legitimate Super Bowl contender. He sold the Vikings to new (and current) owner Zygi Wilf before the 2005 football season.
External links
- [Biography at McCombs School of Business] - UT Austin
- [Red McCombs Gives $50 Million To UT Business School]
- [Forbes profile on Billy Joe McCombs]
- [Red McCombs Automotive Group]
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