Find out who owns the Detroit Red Wings, the owner's net worth, source of wealth and ownership history.
The Detroit Red Wings are a household franchise based in Detroit, Michigan. The team was founded in 1926 and is one of the original six franchises in the NHL.
The Red Wings are also a successful franchise in the NHL, having won eleven Stanley Cup championships.
Who owns the Detroit Red Wings?
The Detroit Red Wings are owned by Ilitch Holdings, the holding company founded by Mike Ilitch in 1999 and currently owned by the Ilitch family.
Detroit Red Wings ownership structure
Ilitch Holdings
Ilitch Holdings, Inc. is a holding company that provides professional and technical services to its companies and brands that was founded and owned by Mike and Marian Ilitch.
These businesses are as follows as of May 2025:
Little Caesars Pizza
Detroit Red Wings (NHL)
Detroit Tigers (MLB)
Olympia Entertainment
Olympia Development
Olympia Parking
Blue Line Food Service Distribution
Champion Foods
313 Presents
Little Caesars Pizza Kit Fundraising Program, Hockeytown Cafe, and a variety of venues owned by these businesses.
Ilitch Holdings subsidiaries also manage other companies, most especially arenas and stadiums across the United States.
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Net worth
According to figures from Forbes, Marian and the Family have a net worth of $6.9B.
Club net worth & valuation
The Detroit Red Wings are valued at $2.125 billion, according to figures from Forbes.
Club Ownership History
The Detroit Red Wings franchise was founded in 1926 as the Detroit Cougars but changed to the Detroit Falcons before rebranding to the Detroit Red Wings in 1932. Mike Ilitch acquired the franchise in 1982 for $8.5 million.
Club Details
The Detroit Red Wings Hockey Club plays its home games at the Little Caesars Arena located in Detroit.