Wayne Huizenga

Harry Wayne Huizenga (born on December 29, 1937 in Evergreen Park, Illinois) is an American businessman who has built several companies into multi-billion dollar enterprises, mostly through an aggressive process of acquisitions. Huizenga graduated from the Pine Crest School in Fort Lauderdale, Florida in 1955 and is an alumnus of Calvin College located in Grand Rapids, MI. He is the owner of the National Football League's Miami Dolphins. He was also the owner of the National Hockey League's Florida Panthers and Major League Baseball's Florida Marlins.

In March of 2007, Former Massachusetts Gov. Mitt Romney, seeking the GOP nod for president in 2008, announced that Harry Wayne Huizenga would serve as a member of his Florida statewide finance committee.

Background

H. Wayne Huizenga, Jr. is of Dutch descent.^[1] His parents, Gerrit Harry and Jean Huizenga, were both products of the Chicago Dutch community. Wayne was born in Evergreen Park, a Chicago suburb, on December 29, 1937. He has one sister, Jean, who is five years younger. Wayne grew up in Evergreen Park until he was about 15 when the Huizenga family moved to Florida and settled in the Fort Lauderdale area.

Wayne spent part of his high school years in the Chicago area, where he attended Timothy Christian School. His family then moved to Florida, the remainder of his high school years were spent at Pine Crest School. Wayne is remembered by his Pine Crest teachers and classmates as a happy and popular student who played on the school's football team, was elected to senior class treasurer, and earned decent grades. ^{[citation needed]} After high school graduation Wayne moved back to Chicago where most of his friends, grandparents and other relatives still lived. In 1956 he enrolled at Calvin College, a church-related college in Grand Rapids, Michigan.

In September 1959, Wayne enlisted in the Army reserve and spent six months in the service full time to complete his basic training.^{[citation needed]} On September 10, 1960 he married Joyce VanderWagon, a girl with a Dutch background. He had known Joyce since his early school years in Evergreen Park, Illinois. Wayne and Joyce had two children, Wayne Jr. and Scott. The marriage ended in divorce in 1966. Wayne married his second wife, Marti Goldsby in April 1972.

Professional career

Starting with a single garbage truck in 1968, he grew Waste Management, Inc. into an entity that would become a Fortune 500 company. Huizenga aggressively purchased independent sanitation engineering companies, and by the time he took the company public in 1972, he had completed the acquisition of 133 small-time haulers. By 1983, he grew Waste Management into the largest waste disposal company in the United States.

Huizenga repeated his business success with Blockbuster Video, opening a handful of stores in 1985, and becoming the country's leading movie rental chain by 1994. Eventually, Huizenga would also build and acquire auto dealerships, from which in 1996 he formed AutoNation, which has become the nation's largest automotive dealer and a Fortune 500 company, and remains his most recent major business venture. Huizenga has been a five-time recipient of Financial World magazine's "CEO of the Year" award, and was the Ernst & Young "2005 World Entrepreneur of the Year".

In late 2004, he sold his ownership share in a group of hotels that included The Hyatt Pier 66 Hotel and Radisson Bahia Mar Hotel & Marina in Fort Lauderdale, Florida, The Boca Raton Resort & Club in Boca Raton, Florida, and several others in Naples, Florida and Arizona.

In 2004 Huizenga purchased the private luxury yacht Aussie Rules from golfer Greg Norman. The yacht cost $77 million and was further modified by Huizenga and now features a heli-pad for a twelve-seat helicopter. Aussie Rules was renamed Floridian and is still considered to be one of the most luxurious and famous such vessels (see List of motor yachts by length). The yacht can accommodate up to twelve guests and may be chartered for around $400,000 per week.^[2]

Sports Team Ownership

Huizenga owns the Miami Dolphins, as well as Dolphin Stadium in Miami Gardens. He purchased 50% of the team and their sports venue in 1990, during a period of financial hardships for the proud franchise. Long time owner Joe Robbie had recently died and his family found it difficult to keep the team afloat. In turn, Huizenga bought out the remaining shares of the team to become full owner in 1993. He then stripped the team of all it's glory years by pulling the Joe Robbie name off the building and selling that space to a corporate sponsor who went under (Pro Player).

He introduced baseball and hockey to the South Florida area as the initial owner of the Florida Marlins and Florida Panthers. He was criticized for naming his two teams for the state of Florida rather than the city of Miami, but as an advocate for the city of Ft. Lauderdale, FL, he explained that his goal was to include Broward County and Palm Beach County in his teams' fanbase. (Indeed, Huizenga claimed at the time that he had not even considered naming the teams after "Miami" as an option, and that in his view the only legitimate choices had been "Florida," "South Florida," and "Tri-County.") This goal of expanding the team's fan bases has not been achieved, as both the Marlins and Panthers have consistently finished near the bottom of their respective leagues in annual home attendance; the name has had little observable impact on the teams' popularity in Huizenga's favored suburbs, while decreasing their popularity among fans who identify themselves with the city of Miami.)

Huizenga, in keeping with his previously stated intentions, sold the Marlins to current Boston Red Sox owner John Henry at the end of the 1998 season. Since then, however, relations between Huizenga and new Marlins management has been tepid, mainly because of stadium lease disagreements.

Huizenga operated the Panthers as a public holding company, buying numerous real estate properties in the name of his Panthers Holding Group. In 2001, Huizenga sold the Panthers to pharmacutical juggernaut and friend Alan Cohen and his partner former Cleveland Browns quarterback Bernie Kosar, for a discount price. However, Huizenga maintained his status as owner of the Bank Atlantic Center, from which he still collects all arena revenue. In all three team ownerships, he is very well known for minimizing costs while maximizing profits. He truly cares a lot more about winnig money than winning games.

Philanthropy

Huizenga is a large donor to Nova Southeastern University in Ft. Lauderdale, FL. The business school at NSU carries the name of the H. Wayne Huizenga School of Business and Entrepreneurship. As well, Huizenga has donated to a private preparatory school, Pine Crest School, with their science building named the Huizenga Science Building after him.

References

1. ^ http://www.corporations.org/wmi/huizenga.html
2. ^ http://www.charterworld.com/index.html?sub=yacht-charter&charter=floridian-ex-aussie-rules-996

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