President - Age 72
Jim Bailey has devoted most of his 45-year business career to negotiating and completing sports, real estate and other complex business transactions. For twenty-one of those years (from 1978 until 1999) he served as Executive Vice President of the Cleveland Browns and Baltimore Ravens National Football League franchises. In that capacity, he was responsible for all the business, financial and legal operations of those teams, including the relocation of the Cleveland Browns franchise to become the Baltimore Ravens in 1996. As the chief business administrator of those organizations, Mr. Bailey directed a staff of more than 100, obtained and managed all financing for the teams, and negotiated player contracts.
After his tenure with the NFL teams, Mr. Bailey became the Chief Executive Officer of Manchester Resorts, a San Diego based resort and hotel developer and operator. In that capacity, he directed operations of its flagship property, the Manchester Grand Hyatt hotel in downtown San Diego, as well as the development of all new properties. Those efforts included obtaining $230 million of financing for the construction of a 750-room expansion tower to the Manchester Grand Hyatt.
In 2001, Mr. Bailey left Manchester Resorts to return to the sports industry. He established a consulting practice serving clientele in the sports business, including both team owners and local authorities, primarily in connection with the construction and financing of new or renovated venues – stadiums, ballparks and arenas including the financing for a new ballpark in downtown Nashville, Tennessee for the Nashville Sounds, a study for a University of Minnesota/Minnesota Vikings joint-use football stadium on the U of M campus in Minneapolis and the primary business plan for the L.A. Memorial Coliseum for the University of Southern California.
Prior to embarking on his career in the NFL, Mr. Bailey practiced law in Cleveland, Ohio for seven years, where he specialized in real estate and complex business transactions.