Steve Bisciotti | |
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Steve Bisciotti speaks at the Baltimore Ravens' Super Bowl XLVII homecoming celebration.
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Born |
April 10, 1960 (age 56) Philadelphia, Pennsylvania |
Residence | Millersville, Maryland |
Citizenship | United States |
Education | Salisbury State University |
Occupation | co-founder of Aerotek, owner of the Baltimore Ravens |
Net worth | US$3.3 billion (September 2015) |
Board member of |
Associated Catholic Charities Mother Seton Academy |
Spouse(s) | Renée (Foote) |
Children | two: Jason, Jack |
Stephen J. Bisciotti (born April 10, 1960) is the current majority owner of the Baltimore Ravens of the National Football League. He founded a family of technical staffing companies known as Allegis Group, which owns Aerotek and TEKsystems.
Steve Bisciotti came from a working-class Italian-American family in a Baltimore suburb. His parents, Bernard and Patricia Bisciotti, moved to Severna Park, Maryland, in March 1961.
Growing up, Bisciotti loved sports. His father took the children to Baltimore Orioles and Colts games. In his senior year at Severna Park High School, he played on the football team, though he has said he "wasn't much of a high school athlete."
In 1982, Bisciotti graduated from Salisbury State University in Maryland with a degree in liberal arts. A year later, at 23, he and his cousin Jim Davis started Aerotek, a staffing company in the aerospace and technology sectors. Running the company out of a basement office with secondhand equipment, Bisciotti and Davis produced $1.5 million in sales in the first year. Aerotek grew into the Allegis Group, which is now the largest privately held staffing firm in the United States and 4th in the world. Bisciotti's involvement in the sports business has brought more attention to his once low-profile company.
On March 27, 2000, NFL owners approved the sale of 49% of the Ravens to Bisciotti. In the deal, Bisciotti had an option to purchase the remaining 51% for $325 million in 2004 from Art Modell. On April 9, 2004 the NFL approved Steve Bisciotti's purchase of the majority stake in the club.
One of the first projects Bisciotti directed as owner of the Ravens was to build the team's state-of-the-art training and practice facility, dubbed "The Castle," which opened in October 2004.