Bob Young's Red Hat sold to IBM

The owner of the Hamilton Tiger-Cats sold all his shares when he left the company, which IBM just purchased for US$34B.

Don’t feel sorry for Bob, though, as he walked away with several hundred million dollars when he sold. His gain was a huge gain for the CFL. We need a lot more guys like him. There are plenty of billionaires in Canada, but unfortunately, few have the community spirit of Bob Young.