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Red McCombs
From Wikipedia, the free encyclopedia
Billy Joe "Red" McCombs (born 1927) 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 given in recognition of a fifty million U.S. dollar donation to the University). He was named one of Forbes magazine's top 400 richest Americans in 2005.
McCombs was born in Spur, Texas, and started out selling cars, dropping out of college to do so. At the age of twenty-five, he owned his first dealership, selling Fords. He eventually owned fifty car dealerships throughout the United States, most of them in Texas.
McCombs was roundly criticized by fans in Minnesota for a decline of the Vikings from being a team with a strong historical record of achievement to a team struggling to make it to the post-season. The team was running annually twenty to thirty million dollars below the salary cap (very near the league-mandated salary floor), and McCombs showed 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.
| Preceded by Roger Headrick 1991–1998 |
Owner of the Minnesota Vikings 1998–2005 |
Succeeded by Zygi Wilf |
- Biography at McCombs School of Business - UT Austin
- Biography from UT Austin Alumni stories
- Red McCombs Gives $50 Million To UT Business School. Press release.
- Forbes 2006 profile on Billy Joe McCombs
- Red McCombs Automotive Group
- Red McCombs Media
- Faithvine.com - One of Red's latest ventures, a Christian social networking and content website
- Red's battle against alcoholism
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| Corporate officers | |
| Board of directors | |
| Local radio, TV, and satellite radio assets |
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| Radio networks |
Australian Radio Network (50%) • Fox Sports Radio • National Lampoon Comedy Radio (dist./sales)• Premiere Radio Networks • The Radio Network (50%) |
| Miscellaneous assets | |
 This business-related biographical article is a stub. You can help Wikipedia by expanding it. |
Categories: Business biography stubs | 1927 births | American Basketball Association executives | Denver Nuggets | Living people | American mass media owners | Minnesota Vikings | National Basketball Association executives | People from San Antonio, Texas | San Antonio Spurs | University of Texas at Austin alumni