Investments in Sports
In addition to his donations to colleges for improvements to their sports facilities, Alfond demonstrated his support of sports in other ways.
In 1978, a group purchasing the Boston Red Sox was looking for a Maine sportsman to join them. Alfond was the obvious choice and ever since Dexter has been a limited partner in the franchise. When Dexter was sold to Berkshire Hathaway in 1993, the Alfond family retained its stake in the team, a stake that remains in the hands of two of his sons.
In the 1980s Alfond helped sponsor Kevin Mahaney in the latter's effort to compete in the Olympics. Mahaney later earned a silver medal in sailing at the 1992 Summer Olympics.
Along with other investors, Alfond helped create Belgrade Lakes Golf Club, a course close to his summer home. The club has been recognized as among the best public golf courses in the country. In 2002, Golf Digest recognized the course as the only five-star public golf course in the Northeast.
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Famous quotes containing the words investments and/or sports:
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Thy sports are fled and all thy charms withdrawn;
Amidst thy bowers the tyrant’s hand is seen,
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One only master grasps the whole domain,
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