Felix Sabates

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Félix Sabates, Jr.
Born (1945-09-09) September 9, 1945 (age 79)
Camagüey, Cuba
Occupation Team owner, Chip Ganassi Racing with Felix Sabates

Feliciano Sergio "Félix" Sabates, Jr.[1][2][3] (born September 9, 1945) is a Cuban-born entrepreneur and philanthropist living in the United States.

He is currently a partner in Chip Ganassi Racing teams, which fields teams in the NASCAR Sprint Cup Series (as Chip Ganassi Racing with Felix Sabates), GRAND-AM Rolex Sports Car Series and the Verizon IndyCar Series.[4] Sabates previously owned his own NASCAR team, SABCO Racing, until the end of the 2000 season when Chip Ganassi and Sabates became partners.[5]

Early life

Felix Sabates was born in Camagüey, Cuba, living there until the age of 15. Sabates is the oldest of seven children — three boys (Feliciano "Felix" Jr., Jose, Arturo "Art") and four girls (Silvia, Yoyi, Manty, Rosita) — of Dr. Feliciano Sabates and Maria Tavio.[3][4][6][7] Sabates' grandfather grew sugar until a fire destroyed the business in the 1930s. Sabates' family then founded a jewelry store in 1936. The family would later found several successful business including import and export, jewelry, optical stores, insurance sales, sugar, cattle, service stations and pharmacies, many of which bore the family name.[6][8] Sabates attended military school as a teenager, first in Havana, and later in Camagüey. According to Sabates, he was a bunkmate with one of the sons of Fidel Castro.[6]

Following the Cuban Revolution, the newly established communist government headed by Fidel Castro proceeded to nationalize many businesses and strip citizens of individual wealth. This included the assets of Sabates' family.[6][8] After joining anti-Castro forces, in June 1960, at the age of 15, Felix was put on a flight to Miami by his parents. He was the first member of the family to enter the United States of America. Five of his six brothers and sisters would later arrive in the U.S. under Operation Peter Pan, sent to Albuquerque, New Mexico and placed in foster care. Sabates' mother and youngest brother Art fled in 1963, while his father arrived in 1966 after being restricted by the Castro administration.[6][8]

Sabates initially settled in Boston, Massachusetts with his aunt and uncle, before moving to Columbia, Missouri. In between, Sabates lived in motels and worked several odd jobs, including washing pots and pans at a hospital.[6][9] Eventually, the family would reconvene in Lexington, North Carolina (where his mother originally settled), in a resettlement site for Cuban refugees established by an American-based Catholic charity.[6][9]

In Lexington, Sabates began working 12-hour shifts in a furniture factory. One year later in 1964, after an encounter with the Ku Klux Klan, his family moved to Charlotte, North Carolina, and he began working at National Car Rental as a parking lot attendant and washing cars at the Charlotte Airport.[6][9] Later, Sabates began working at the City Chevrolet car dealership in Downtown Charlotte (later purchased by fellow NASCAR owner Rick Hendrick), offering to work for free on the condition that if he out sells the other salesman within a month, that he would be compensated and offered a permanent sales position. Sabates was successful with record car sales.[6][9] When a local newspaper article had recounted this story about the top salesman, it caught the eye of a local businessman who proceeded to offer him a different sales position with potential growth as a manufacturer's representative.

Business success

In 1969 at the age of 25, Sabates accepted a position as a salesman for Top Sales Company, Inc. (TSC) which distributed retail products. Sabates would purchase the company in 1974. Early products distributed by TSC included Atari game consoles and Teddy Ruxpin teddy bears.[6][10] At its peak, TSC became the largest, most successful manufacturer’s representative company in the United States with over $12 billion in sales. In 2000, Sabates sold TSC to his employees at what was considered a well below market rate to “reward the people that helped him build the business.”[2][8]

In 1988, Sabates purchased a Hatteras Yacht dealership in Stuart, Fla. and within two years Sabates had turned it into the largest Hatteras dealership in the world. Sabates, along with his partner John Dane, followed that up with the purchase of the number one custom superyacht builder in the world - Trinity Yachts in 2000. He also owns IYC, one of the largest yacht management, charter, brokerage and new construction yachts companies in the world, with offices in Monaco, the Bahamas, Saint Martees and the U.S. He is also the president and CEO of FSS Holdings, Inc., a North Carolina-based holding company with holdings in several U.S. and international companies.

Sabates owns and operates, with his partner Terry Taylor, a Mercedes Benz dealership that is a four-time recipient of the - the Best of the Best Award given to only the top 10 percent of dealers nationwide. He also operates the largest volume Infiniti dealership in North Carolina as well as Hyundai, Mazda, Sprinter and Smart Car auto dealerships. A Sabates owned Bentley dealership closed in 2015.

Other ventures

Auto racing

In 1987, Sabates became a NASCAR team owner with the purchase of a Hendrick Motorsports research and development team from Charlotte businessman, Rick Hendrick (who also owns Chevrolet dealerships).[7][9][10] The team would be known as SABCO Racing. Sabates' first driver in 1989 was third-generation racer Kyle Petty (Sabates was a huge fan of his father, Richard Petty).[9] In 1992, Sabates' team branched out into the Busch Series. Petty found his groove in the Winston Cup circuit, finishing in the top-five in the final point standings for the season. The team fielded both cars in the Winston Cup circuit the following year and Petty again finished top-five in total points.

SABCO Racing changed to Team SABCO at the beginning of the 1996 season. Sabates expanded his operation to two teams.[10] Drivers for SABCO included Sterling Marlin, Bobby Hillin, Jr., Tommy Kendall, Kenny Irwin, Jr., Kenny Wallace, Bobby Hamilton, Robby Gordon, Greg Sacks, Wally Dallenbach Jr., Joe Nemechek, Jeff Green, and Ted Musgrave.[10]

In 2001 Sabates' Sabates partnered with Chip Ganassi to become Chip Ganassi Racing with Felix Sabates. Ganassi would purchase an 80 percent stake in the team, with Sabates retaining the remaining 20 percent.[5] Later on, he became responsible for hiring the first Latino driver in NASCAR's Sprint Cup Series in 2006, former Indy 500 champion Juan Pablo Montoya.[9] Prior to the 2009 NASCAR Sprint Cup season, due to financial woes, the team merged with Dale Earnhardt, Inc. to form Earnhardt Ganassi Racing. The team would revert to the Ganassi Racing name in 2014.[11]

Currently, the team's drivers include Jamie McMurray in the No. 1 car & Kyle Larson in the No. 42. In his nearly 30 seasons in the NASCAR Sprint Cup Series, Sabates’ teams have 17 wins, 130 top-five and 352 top-10 finishes as well as 40 poles in nearly 1800 starts. His team made the Chase for the NASCAR Sprint Cup in 2009, finished in the top five in points in three different seasons and won the 2010 Daytona 500 and Brickyard 400.[9] In addition, Sabates and Ganassi also field a Daytona Prototype in the Grand-Am Rolex Sports Car Series, where the team has won an unprecedented five Rolex 24 At Daytonas and six championships in just nine years of operation. Their No. 01 team is the winningest team in series history with 40 victories.Past drivers include Luis Diaz, Stefan Johansson and Cort Wagner. Their GRAND-AM operation is the winnest team in history with 40 wins, including five Rolex 24 at Daytonas and six championships in just nine years in the series.[9]

Charlotte sports

In 1988, Sabates became one of the founding owners of the original Charlotte Hornets basketball team (now the New Orleans Pelicans). Sabates played an intricate part negotiating with the NBA to grant franchise rights to Charlotte. Sabates sold his interests in 1991.[10] After starting the first professional indoor soccer league in the 1980s, he was one of the first investors in the World Football League. Also in the 1990s, he established The Charlotte Professional Sports Team, Inc, along with Hornets executive Carl Scheer, and his NASCAR driver, Kyle Petty, and his father Richard Petty. The company returned professional hockey to Charlotte for the first time since 1977, when the ECHL placed the Charlotte Checkers expansion franchise in Charlotte for 1993.[10] In 1996, the Checkers won the Jack Riley Cup championship after competing in the ECHL for just three years. Soon after, the team was sold at a then-record price for a minor-league professional franchise, to Tim Braswell, who sold the team in 2000 to George Shinn and Ray Woolridge, the Hornets owners.[10] Sabates and Carl Scheer would buy back the team in 2002. In November 2005, the Checker's hit an all-time attendance record of 10,894.

Sabates is also the only person that had ownership in the Hornets to now also have an ownership stake with Michael Jordan in the current Charlotte Hornets (formerly Bobcats) franchise.

Civic leader

In addition to his successes in sports, Sabates also focuses much attention on civic activities. Sabates has served on the Board of Directors for Carolinas Health Care Systems for the past 27 years. He also serves on the Board of Directors for the University of North Carolina at Charlotte, the Applica Corporation, Simpson Products, the Charlotte Chamber of Commerce and he also was the co-chair of a North Carolina Institute of Medicine Task Force on Latino Health.[12] Additionally Sabates was appointed to two terms on the North Carolina Banking Commission. In fact, he has been appointed to commissions by three different North Carolina governors, Jim Martin (R), Mike Easley (D) and most recently by Governor Pat McCrory (R) to vice chairman of the Oversight committee of the Airport Authority of North Carolina which oversees the Charlotte airport, the sixth busiest in the world.

Philanthropist

Sabates is also well known for his many philanthropic contributions and has received several honors and awards for his work. Belmont Abbey College in North Carolina has named its dining hall after him,[13] Elon College and UNC Charlotte bestowed upon him Honorary Doctorate degrees,[2] and he received a "Special Blessing" in writing from Pope John Paul II. Sabates became a member of the philanthropic Dream Makers Society of the Boys and Girls Club of Broward County, Fla., in recognition of his 12-year commitment to and support of special fund raising events. In his honor, the Felix Sabates Athletic Center was dedicated in Fort Lauderdale, Fla., in November 2000. The facility is the largest Boys and Girls Club in the state. He is also a large contributor to the North Carolina Health Care System Foundation, the Allegro Foundation to benefit children with special needs, as well as the Levine Children's Hospital that bears a special plaque in his honor is in the main lobby.

Political affiliation

Felix is a member of the Republican Party and supports local Republicans as well as former Presidents of the United States, George H. W. Bush and George W. Bush. During Governor Jim Martin's term in office of the state of North Carolina, Felix set another first and became the first Cuban to be appointed to a position in N.C. by Governor Jim Martin to the Banking Commission of North Carolina. Felix served for two terms under the Governors term in office.

Personal life

Sabates has three children, and six grandchildren. Sabates began divorce proceedings with his wife Carolyn in 2010.[1][14] His daughter Mimi is married to former NASCAR Busch Series team owner Armando Fitz.[15][16]

On August 2, 2014, Sabates' 18-year-old grandson Feliciano "Chany Boy" Sabates IV was fatally shot at a party in Palm Beach Gardens, Florida.[1]

References

  1. ↑ 1.0 1.1 1.2 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ 2.0 2.1 2.2 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ 3.0 3.1 Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ 4.0 4.1 Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ 5.0 5.1 Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ 6.0 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 6.9 Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ 7.0 7.1 Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ 8.0 8.1 8.2 8.3 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ 9.0 9.1 9.2 9.3 9.4 9.5 9.6 9.7 9.8 Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ 10.0 10.1 10.2 10.3 10.4 10.5 10.6 Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Latino Health Task Force – Projects of the NC IOM
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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