Boston Lobsters In 1974, Kraft, Harold Bayne, Herbert Hoffman, Bob Mades, and Paul Slater purchased the
Boston Lobsters of
World TeamTennis (WTT). The group spent heavily to lure a number of top players, including
Martina Navratilova, and the Lobsters became one of the best teams in WTT. Following the 1978 season, Kraft announced that the franchise would fold. The league itself folded soon thereafter. Kraft took advantage of the fact that the Sullivans owned the stadium but not the surrounding land, and it was the beginning of a quest to buy the stadium and the Patriots. Sullivan's family was reeling from a series of bad investments, principally
The Jackson Five 1984 Victory Tour, for which they had to pledge Sullivan Stadium as collateral. Those problems ultimately forced Sullivan to sell controlling interest of the team in 1988, while the stadium lapsed into bankruptcy. In 1988, Kraft outbid several competitors to buy the stadium out of bankruptcy court from Sullivan for $22 million. The stadium was considered to be outdated and nearly worthless, but the purchase included the stadium's lease to the Patriots which ran through 2001. Kraft placed a bid on the
Patriots franchise as well, but he lost the bidding to
Victor Kiam. Sullivan and Kiam then tried to move the team to
Jacksonville, but Kraft refused to let them break the lease. Kiam was nearly brought down by bad investments of his own and was forced to sell the Patriots to
James Orthwein in 1992. Future
St. Louis/Los Angeles Rams owner
Stan Kroenke offered more money ($200 million) with intent to move to St. Louis. However, Orthwein would have not only been saddled with all relocation expenses, but any legal expenses from breaking the lease. When Kraft let it be known that he would go to court to enforce the covenant and force Kroenke to stay in Foxboro, Orthwein was in an untenable position. He had little choice but to accept Kraft's offer, the highest ever made for an NFL team at the time. In 2023, the Patriots were one of the most valuable franchises in the NFL, estimated by
Forbes to be worth $7 billion. . In 1998, Kraft considered moving the Patriots to
Hartford, Connecticut, based on an offer that the state of Connecticut would finance a new stadium, but he terminated the deal just before it became binding to instead build a new stadium in Foxborough with Massachusetts infrastructure funding. In 2002, Kraft financed a $350-million stadium for the Patriots initially called
CMGI Field but renamed
Gillette Stadium. In 2007, he began to develop the land around Gillette Stadium, creating a $375-million open-air shopping and entertainment center called
Patriot Place. The development included "
The Hall at Patriot Place presented by Raytheon," a multi-story museum and hall of fame attached to the stadium, and the "CBS Scene", a
CBS-themed restaurant. On January 27, 2000, Kraft traded a first round
draft pick to the
New York Jets for the rights to hire
Bill Belichick as head coach. The trade was met with criticism at the time, but proved to be successful after Belichick led the Patriots to win six Super Bowl championships, nine conference championships, and 16 division titles. In 2000, the Patriots drafted quarterback
Tom Brady in the sixth round, who would be the team's starter from 2001 to 2019. The relationship between Kraft, Belichick, and Brady has been credited with producing
one of the most successful sports dynasties in football, although in later years the personal relationship between the three grew strained. in 2012 Under Kraft's ownership, the Patriots experienced sustained success for the first time in franchise history. While they appeared in
Super Bowl XX under the Sullivans, this was one of only six playoff appearances in 34 years. Indeed, that
Super Bowl season saw only the second playoff victory in franchise history. However, the Patriots have made the playoffs 21 times in Kraft's 27 years as owner. They have won 19
AFC East titles, including all but three since 2001 and 11 in a row from 2009 to 2019. The Patriots represented the AFC in the
Super Bowl in
1996 (lost),
2001 (won),
2003 (won),
2004 (won),
2007 (lost),
2011 (lost),
2014 (won),
2016 (won),
2017 (lost),
2018 (won), and
2025 (lost). After having never won more than 11 games prior to Kraft's arrival, the Patriots have won at least 12 games 14 times, including finishing the
2007 regular season undefeated before losing to the
New York Giants in
Super Bowl XLII. In 2005, during a visit to
Saint Petersburg, Kraft gave Russian President
Vladimir Putin his third
Super Bowl ring. Kraft released a statement some days after the visit claiming that it was a gift out of "respect and admiration" for the Russian people and Putin's leadership. Kraft later said that he did not originally intend to give the ring as a gift and that his statement had been issued under pressure from the White House after Putin had kept the ring. The ring is on display with state gifts at the Kremlin. Former Patriot
Ryan O'Callaghan wrote in his book that Kraft supported him when he publicly came out as gay in 2017. According to O'Callaghan, Kraft invited him to a reception and said, "What you did took a lot of courage. I'm so proud of you" and that he would be "forever a Patriot." In June 2024, Kraft enshrined former Patriot
Tom Brady into the
Patriots Hall of Fame and announced that Brady's jersey number 12 would be retired and would not be worn by anyone else. Brady said "I am Tom Brady, and I am a Patriot." Over 60,000 Patriots fans attended the ceremony.
Soccer at a 2018
New England Revolution game In 1996, Kraft founded the
New England Revolution, a charter member of
Major League Soccer which began playing alongside the Patriots at Foxboro Stadium. Kraft also owned the
San Jose Clash (later
San Jose Earthquakes) from 1998 to 2000. In November 2005, Kraft met with
Rick Parry, the chief executive of English
Premier League team
Liverpool. Kraft was rumored to be interested in investing money into the 2004–05
Champions League winners. He told
BBC Radio 5 Live: "Liverpool is a great brand and it's something our family respects a lot. We're always interested in opportunities and growing, so you never know what can happen." However, the club was eventually sold to American duo
George Gillett and
Tom Hicks. Liverpool is now owned by
Fenway Sports Group, owners of fellow Boston-based sport team the
Boston Red Sox. In October 2017, Kraft said that he was "still intrigued" by the possibility of buying a
Premier League football club, but that he was concerned about the lack of a
salary cap in British football. that are scheduled to be held at Kraft's Gillette Stadium In 2017, Kraft was named the Honorary Chairman of the board of directors for the successful joint
Canadian-Mexican-American bid for the
2026 FIFA World Cup. In 2019, Kraft hired
Bruce Arena as head coach and sporting director of the New England Revolution. In 2020, the team had their first playoff win in six years.
Esports Blizzard Entertainment announced in July 2017 that Kraft bought ownership in the
Boston Uprising, one of the first seven teams for the professional
esports Overwatch League. They played in Season 1 of the Overwatch League. Preseason for the league began December 6, 2017, and the regular season started on January 10, 2018. Boston Uprising finished third in the Overwatch League's inaugural season. ==Philanthropy==