Detroit Red Wings | Introduction
Introduction
600 Civic Center Drive
Detroit, Michigan 48226
U.S.A.
Telephone: (313) 396-7544
Fax: (313) 567-0296
Web site: http://www.detroitredwings.com
Wholly Owned Subsidiary of Ilitch Holdings Inc.
Founded: 1926
Employees: NA
Sales: $97 million (2004)
NAIC: 711211 Sports Teams and Clubs
Winner of ten Stanley Cup championships, the Detroit Red Wings are one of the most successful franchises in the National Hockey League (NHL). The team is backed by a passionate fan base and the deep pockets of its corporate parent, Ilitch Holdings Inc., the holding company for Michael Ilitch, who made his money with the Little Caesars pizza chain and also owns the Detroit Tigers major league baseball team, large portions of Detroit real estate, and other business interests. One of only a handful of NHL teams that had the financial resources to field a contending club every year, the Red Wings now face a different competitive environment after an impasse with players over a new collective bargaining agreement resulted in the cancellation of the 2004–05 season. Eventually a settlement was reached that called for a cap on the amount of money each club could spend on players.