Earl Gentry "Ken" Kendrick, Jr. (born September 2, 1943) is an American billionaire businessman who is the principal owner and managing general partner of the National League's Arizona Diamondbacks. He became part-owner with the team's inception in 1995. He has been managing general partner since 2004, overseeing day-to-day operations and acting as the organization’s designated representative when the Major League Baseball owners convene.[1]
Ken Kendrick | |
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| Born | September 2, 1943 Princeton, West Virginia, U.S. |
| Alma mater | West Virginia University (BBA) |
| Occupation | Businessman |
| Known for | Owner of Arizona Diamondbacks Founder of Datatel, Inc. |
Prior to his position with the team, Kendrick founded Datatel, Inc., a software development company, and served as a banking industry executive in Texas.[2] He has a net worth of $1 billion as of June 2022.[3]
Business career
editA native of Princeton, West Virginia,[4] Kendrick received a Bachelor of Science in Business Administration from West Virginia University in 1965, Kendrick started his career with IBM.[5]
Three years later, he founded Datatel, Inc., which has become the worldwide leader in the development of computer software for the management of infrastructure technology for colleges, universities and foundations.[6] In 2011, Datatel acquired SunGard Higher Education for $1.75 billion. The combined companies were renamed Ellucian and were sold in 2015 for $3.5 billion to TPG Capital.[7]
Kendrick also served as President of a Texas-based financial services technology company during the 1980s. In 1989, Kendrick became the principal investor in Woodforest National Bank in The Woodlands, Texas, which is one of the nation’s largest primarily employee-owned banks.[8] Woodforest National Bank, a $9-billion entity with 5,000 employees, is a subsidiary of Woodforest Financial Group.[9]
Diamondbacks tenure
editDuring Kendrick's tenure, the Diamondbacks have won two National League West Division Championships (2007, '11), competed in two NLCS series (2007), (2023), and returned to the World Series for the first time in 22 years[10][11] Under Kendrick’s leadership, through equity and debt restructures, the team has eliminated more than $350 million of debt.[12][13]
During Kendrick's time as Managing General Partner, the Diamondbacks have hosted an All-Star Game at Chase Field in 2011, and opened a Spring Training facility that is widely considered the finest in all of baseball in Salt River Fields at Talking Stick.[14]
ESPN the Magazine rated the D-backs as the No. 6 team in Major League Baseball in its Ultimate Standings, which gauges success both on and off the field [15] and Yahoo! has referred to the Arizona Diamondbacks as the "best workplace in sports."[16]
In 2020, Kendrick was appointed to the National Baseball Hall of Fame and Museum Board of Directors.[17][18]
Personal life
editKendrick and his wife, Randy Kendrick, have two children, Cal and Catie, and make their home in Paradise Valley, Arizona.[19]
Kendrick also owns Bumble Bee Ranch, providing western lifestyle experiences to children’s charities throughout Arizona in addition to the Ironbridge Golf Club in Glenwood Springs, Colorado.[20]
Baseball card collection
editAn avid baseball card collector his entire life, Kendrick is the owner of the T206 Honus Wagner baseball card once owned by Wayne Gretzky, considered the most valuable trading card in the world.[21][22] The Wagner card and 34 other iconic and rare baseball cards in Kendrick’s collection, titled "The D-backs Collection", were previously displayed at the National Baseball Hall of Fame and Museum in Cooperstown, New York.[23][24][25]
In February 2021, Kendrick and several partners including Larry Fitzgerald, NBA player Kevin Durant and former tennis champion Andy Roddick purchased the parent company of Professional Sports Authenticator (PSA), Collectors Universe, an authenticator and grader of memorabilia.[26]
Philanthropy
editKendrick is very active in many philanthropic endeavors, beginning with his role as Chairman of the Arizona Diamondbacks Foundation, which has donated over $80 million in charitable giving since its inception.[27]
He also has served on boards for various charities including Barrow Neurological Institute, Dignity Health, TGen Foundation, Cleveland Clinic Foundation, and the Phoenix Children's Hospital. The University of Georgia elected Kendrick to its Board of Visitors.[28]
In 2016, torrential rains over parts of West Virginia caused devastating flooding in many counties and Kendrick came to the aid of his home state, setting up a relief program that raised more than $1 million.[29] In 2022, Kendrick pledged $20 million to WVU to expand economics education through the Chambers College.[30]
During the pandemic in 2020, Kendrick guided more than $2 million in charitable donations with a focus on non-profit organizations assisting those in need,[31] while creating a fund specifically for Chase Field gameday staff unable to work during the shutdown.[32]
References
edit- ^ "Ken Kendrick, Managing General Partner, Arizona Diamondbacks, speaks at Terry Leadership Speaker Series - Multimedia - Terry College of Business - University of Georgia". Archived from the original on 2016-03-02. Retrieved 2016-02-17.
- ^ "Ken Kendrick, Rusty Bowers honored at 2022 Heritage Awards". 23 November 2022.
- ^ "Ken Kendrick". Forbes. Retrieved 2022-06-04.
- ^ "Ken Kendrick". Professional Sports Authenticator (PSA). Retrieved 2023-12-19.
- ^ "WVU alum Ken Kendrick joins Baseball Hall of Fame board". Times West Virginian. 2020-05-15. Retrieved 2023-12-19.
- ^ Layman, Matt (2020-05-14). "D-backs' Ken Kendrick added to Baseball Hall of Fame board of directors". Arizona Sports. Retrieved 2023-12-19.
- ^ "Ellucian Close to $3.5 Billion Sale to Private Equity Firm - EdSurge News". EdSurge. 2015-08-13. Retrieved 2023-12-19.
- ^ "Ken Kendrick - Managing General Partner | Arizona Diamondbacks". MLB.com. Retrieved 2023-12-19.
- ^ "Ken Kendrick". John Chambers College of Business and Economics, West Virginia University. Retrieved 2023-12-19.
- ^ "DBacks' owner Ken Kendrick says World Series run is due to learning from past mistakes". The Arizona Republic. Retrieved 2023-12-19.
- ^ "Arizona Diamondbacks Team History & Encyclopedia".
- ^ "Ken Kendrick, Managing General Partner, Arizona Diamondbacks, speaks at Terry Leadership Speaker Series - Multimedia - Terry College of Business - University of Georgia". Archived from the original on 2016-03-02. Retrieved 2016-02-17.
- ^ "Diamondbacks formally introduce pitcher Zack Greinke".
- ^ "Salt River Fields At Talking Stick receives prestigious honor from Architectural Record Magazine". WSMV. Archived from the original on 2016-03-01. Retrieved 2023-10-13.
- ^ "No. 6: Arizona Diamondbacks". 11 September 2013.
- ^ "Arizona Diamondbacks CEO Derrick Hall won't let his cancer change the best workplace in sports". 31 January 2012.
- ^ Cluff, Jeremy. "Diamondbacks' Ken Kendrick appointed to National Baseball Hall of Fame Board of Directors". The Arizona Republic. Retrieved 2023-12-19.
- ^ Layman, Matt (2020-05-14). "D-backs' Ken Kendrick added to Baseball Hall of Fame board of directors". Arizona Sports. Retrieved 2023-12-19.
- ^ "Ken Kendrick | Honorary Degrees | West Virginia University". honorarydegrees.wvu.edu. Retrieved 2023-12-19.
- ^ "Ken Kendrick Appointed to Board of Directors for National Baseball Hall of Fame and Museum | Baseball Hall of Fame". baseballhall.org. Retrieved 2023-12-19.
- ^ "Holy Grail: The T206 Honus Wagner". ESPN. Archived from the original on February 28, 2013. Retrieved 10 August 2016.
- ^ Sullivan, Paul (2018-03-23). "Trading Cards: A Hobby That Became a Multimillion-Dollar Investment". The New York Times. ISSN 0362-4331. Retrieved 2023-12-19.
- ^ Bates, Greg (2022-08-06). "Ken Kendrick's $100M Diamondbacks Collection stands out at The National". Sports Collectors Digest. Retrieved 2023-12-19.
- ^ "Opening 25-year-old baseball cards with D-backs owner Ken Kendrick". Yahoo! Sports. 2016-03-31. Retrieved 2023-12-19.
- ^ Faller, Mark. "Diamondbacks owner Ken Kendrick's baseball cards on display in Scottsdale". The Arizona Republic. Retrieved 2023-12-19.
- ^ "Investor Group Led by Nat Turner Completes Acquisition of Collectors Universe". Business Wire. 2021-02-22. Retrieved 2023-12-19.
- ^ "Ken Kendrick Appointed to Board of Directors for National Baseball Hall of Fame and Museum | Baseball Hall of Fame". baseballhall.org. Retrieved 2023-12-19.
- ^ "Ken Kendrick - Managing General Partner | Arizona Diamondbacks". MLB.com.
- ^ "WVUToday Archive". wvutoday-archive.wvu.edu. Retrieved 2023-12-19.
- ^ "WVU Today | WVU announces $40M partnership to expand economics education through innovative Chambers College programs". 22 February 2022.
- ^ Layman, Matt (2020-03-17). "D-backs, MLB teams to establish $1 million funds for impacted workers". Arizona Sports. Retrieved 2023-12-19.
- ^ "Arizona Diamondbacks donate $1M to coronavirus relief efforts". FOX 10 Phoenix. 2020-03-23. Retrieved 2023-12-19.