Chicago Bears Mourn the Loss of Long-Time Owner Virginia McCaskey
This week, the Chicago Bears are grieving the passing of their long-time owner, Virginia McCaskey, who died at the age of 102. McCaskey, who took over control of the team from her father George Halas in 1983, leaves behind a storied legacy after overseeing the Bears for over 40 years.
A Trailblazing Legacy
Virginia McCaskey’s tenure as the owner of the Chicago Bears was marked by notable success on the field, with the team making 14 playoff appearances and clinching two Super Bowl berths, including a championship victory in 1985. Her leadership helped solidify the Bears as a prominent force in the NFL, leaving a lasting impact on the franchise.
Ownership Structure and Transition
In terms of ownership, while the McCaskey family holds the majority share in the Bears, Virginia herself owned around 20% of the team. Following her father George Halas’s passing in 1983, his majority stake was divided among his 13 grandchildren, which included Virginia’s 11 children and two other grandchildren. McCaskey held the voting power of these shares, giving her an 80% vote in matters related to the team.
Ownership Transition and Future
After Virginia McCaskey’s death, questions have arisen regarding the future ownership and control of the Chicago Bears. Reports indicate that the 20% stake directly owned by McCaskey will likely be redistributed among family members to alleviate the tax implications associated with taking over ownership. Additionally, there is speculation over who will assume the voting rights of the shares, with George McCaskey, Virginia’s son and the current chairman of the board, a likely candidate to take over this responsibility.
The Legacy Continues
As the Bears navigate this period of transition, the team’s devoted fan base and the entire NFL community are left with fond memories of Virginia McCaskey’s unwavering dedication to the franchise. Her impact on the team and the league as a whole will continue to resonate for years to come, serving as a testament to her enduring legacy as a trailblazer in the world of football ownership.
In the wake of Virginia McCaskey’s passing, the Chicago Bears find themselves at a crossroads, grappling with the loss of a revered leader and the uncertainty of what lies ahead. However, as the team looks to honor her memory and carry on her vision, one thing remains clear—the spirit of Virginia McCaskey will forever be woven into the fabric of the Chicago Bears franchise.
