Robert Kraft worked for his father-in-law, Jacob Hiatt in his paper packaging business. In 1968 Kraft acquired half of the company and in 1972 bought it out. In the same year, he created the Kraft group, which led both the trade in wood and its products, as well as a sports division.
To learn more about his sports business, Kraft teamed up with some associates in 1975 to buy the Boston Lobsters, although it was closed in 1978 due to the closure of the World Team Tennis League. Along with some partners, in 1985, in Massachusetts, he obtained a large piece of land surrounding Foxboro Stadium (then called Sullivan’s Stadium), with the aim of buying it back, which he later did in 1988.
In 1994, Robert Kraft bought the New England Patriots team, and incidentally, the team qualified for the playoffs after a list of failures. Later in 1996, they made it to the Super Bowl; this had only happened once since their conception. With Robert Kraft on board and changes to team structure and hierarchy, the New England Patriots became one of the most successful teams in the NFL with the biggest names in the sport such as Tom Brady ; quite a remarkable change from their normal trend!
Also, Kraft decided to rename the stadium to Gillette Stadium based on the suggestions offered. He then built the stadium with structures for a hotel, retail store, restaurant, and theater. Robert Kraft is also the founder of the New England Revolution, although they have yet to achieve the same level and success as the Patriots on the field.
