Chicago Bears Owner Virginia McCaskey Passes Away at 102, Leaving a Lasting Legacy

Virginia McCaskey, the longtime owner of the Chicago Bears, passed away this week at the age of 102. She leaves behind a significant legacy after leading the team for over four decades.

McCaskey took control of the franchise in 1983 following the passing of her father, George Halas. Under her leadership, the Bears made 14 playoff appearances and competed in two Super Bowls, securing a championship victory in 1985.

Ownership and Control of the Bears

Throughout nearly its entire history, the Bears have remained within the McCaskey family. With Virginia’s passing, questions have arisen about the future of the team’s ownership and leadership.

While the McCaskey family holds the majority stake in the franchise, Virginia personally owned around 20% of the team, as reported by Crain Currency. When George Halas passed away in 1983, his controlling interest was divided among his 13 grandchildren, including Virginia’s 11 children and two additional grandchildren. Despite this division, Virginia retained control over voting rights, holding an 80% say in team matters, according to ESPN.

Other Bears Stakeholders

In 1990, two of Halas’ grandchildren sold their ownership shares to Chicago businessman Pat Ryan, who, along with a partner, acquired approximately 20% of the team, according to the Chicago Tribune.

Ryan, the former CEO of Aon Corporation, is widely recognized for his philanthropic efforts through the Patrick and Shirley Ryan Foundation. He also previously chaired Northwestern University’s Board of Trustees, with Welsh-Ryan Arena and Ryan Field named in his honor.

The Future of Bears Ownership

McCaskey’s 20% stake is expected to be divided among family members to reduce the tax burden associated with ownership transfers, Crain Currency reports. However, the bigger question concerns who will inherit control of the voting rights.

It is anticipated that Virginia’s son, George McCaskey, who has been chairman of the board since 2011, will assume control of the shares’ voting power. However, no official announcement has been made, and both the McCaskey family and Pat Ryan have consistently declined to comment on the matter.