Robert C. McNair
From Wikipedia, the free encyclopedia
Robert C. (Bob) McNair (born 1937 in Tampa, Florida) is an American businessman and the owner of the National Football League team, the Houston Texans in Houston, Texas and Thoroughbred horse racing's Stonerside Stable in Paris, Kentucky.
McNair grew up in western North Carolina and graduated from the University of South Carolina in Columbia, where he was initiated into the Sigma Chi Fraternity, in 1958 with a Bachelor of Science degree. His future wife, Janice, attended nearby Columbia College. In 1998, they established the McNair Scholar Program University of South Carolina and in 1999, Robert McNair received an honorary doctor of humane letters degree from the university.
The McNairs have been residents of Houston, Texas since 1960 where he founded cogeneration company Cogen Technologies, which was sold in 1999 to Enron. Today, McNair retains ownership in power plants in New York and West Virginia. McNair now serves as Chairman and Chief Executive Officer of The McNair Group, a financial and real estate firm that is headquartered in Houston, Texas. He is also the owner of Palmetto Partners, Ltd., a private investment company that manages the McNairs' public and private equity investments, and is Chairman of the McNair Foundation. In June 2000, McNair formed a biotechnology investment firm, Cogene Biotech Ventures, where he serves as company chairman.
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[edit] Houston Texans football club
Committed to bringing a National Football League team to the city of Houston, McNair formed Houston NFL Holdings in 1998. On October 6, 1999, the NFL announced that the 32nd NFL franchise had been awarded to McNair. His Houston Texans debuted in 2002. Much to his dismay, McNair has yet to find success with his NFL franchise.
[edit] Stonerside Stable
Robert and Janice McNair have become major participants in American Thoroughbred flat racing and breeding. Since 1994 they have owned Stonerside Stable, a 1,500-acre thoroughbred horse farm in Paris, Kentucky. They also owned a historic 106-acre horse farm near Saratoga Race Course in Saratoga Springs, New York but in early 2007 sold it for $17.4 million to the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. Stonerside also has a training facility in Aiken, South Carolina.
Stonerside has won 59 Graded stakes races including the 1997 Breeders' Cup Distaff. Somee of the horses they have raced include Coronado's Quest, Ajina, Congaree, and Bob and John. Stonerside was also co-breeder of Fusaichi Pegasus, winner of the 2000 Kentucky Derby.
[edit] Public service & recognitions
Robert McNair is a member of the Texas Business Hall of Fame and is a current or past member of the Boards of Trustees of a number of institutions including Rice University, Baylor College of Medicine, Houston Grand Opera, the Museum of Fine Arts, and other Houston are organizations. He is a recipient of the Anti-Defamation League's Torch of Liberty Award.
