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  4. Chicago Bears
Chicago Bears logo
Sports

Who Owns Chicago Bears?

Chicago Bears are owned by the McCaskey family, who have controlled the team since its founding in 1920. Virginia Halas McCaskey served as principal owner from 1983 until her death in February 2025 at age 102. The family holds approximately 80% of the franchise through a trust, with the remaining 20% owned by the estate of Pat Ryan and Andy McKenna.

Parent Company

McCaskey Family

Founded

1920

Status

Private

Headquarters

Lake Forest, Illinois, USA

luxurypremiumUnited StatesOfficial Website

Who Owns Chicago Bears?

  • Parent Company: McCaskey Family
  • Ownership Type: Wholly owned
  • Company Type: Privately Held
BrandParent CompanyOwnership Type
Chicago BearsMcCaskey FamilyWholly owned

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AmazonChicago Bears on Amazon

History of Chicago Bears

  • Founded: 1920
  • Founders: George Halas, Edward "Dutch" Sternaman

The Chicago Bears franchise was founded in 1920 as the Decatur Staleys in Decatur, Illinois, by George Halas and Edward "Dutch" Sternaman. The A.E. Staley Manufacturing Company sponsored the team, and Halas was hired as a player-coach. The team moved to Chicago in 1921 and became the Chicago Staleys for one season before adopting the Bears name in 1922.

George Halas, known as "Papa Bear," led the team as player, coach, and owner for decades. He was also a co-founder of the National Football League itself. Under Halas's leadership, the Bears won nine NFL championships across the 1920s, 1930s, 1940s, and 1963. The 1940 championship game produced the most famous result in franchise history: a 73-0 victory over the Washington Redskins, still the largest margin of victory in NFL history.

The Bears were known for their tough, defensive-minded style of play. The team introduced the T-formation offense, which revolutionized football strategy. Halas also signed the NFL's first African American player in the modern era, signing halfback Walter "Whirlwind" Palmer in 1920, though Fritz Pollard is more widely recognized as the first African American NFL player and coach.

Halas died on October 31, 1983, at age 88. Ownership passed to his daughter Virginia Halas McCaskey, who became one of the few women to hold such a powerful position in professional sports. Her brother, George "Mugs" Halas Jr., had been groomed to take over the team but died of a heart attack in 1979, putting Virginia in line to inherit.

Virginia turned operational control over to her eldest son, Michael McCaskey, who served as president and CEO from 1983 until 1999. Ted Phillips then replaced Michael as president, with Michael moving to chairman until his retirement in 2011. Michael McCaskey died on May 16, 2020, at age 76. George McCaskey succeeded Michael as chairman in 2011 and continues in that role.

In 1985, the Bears won Super Bowl XX, defeating the New England Patriots 46-10. The 1985 Bears defense is widely regarded as one of the greatest in NFL history. The team has not returned to a Super Bowl since that season, marking the longest active championship drought among NFL teams that have won a Super Bowl.

The Bears play their home games at Soldier Field on Chicago's lakefront. The stadium opened in 1924 and was renovated in 2003 at a cost of $690 million. The renovation was controversial because it significantly altered the historic character of the structure. Soldier Field's seating capacity of approximately 61,500 is among the smallest in the NFL.

In 2021, the Bears agreed to purchase a 326-acre property in Arlington Heights, Illinois, on the site of the former Arlington International Racecourse, for $197.2 million. This purchase initiated a multi-year stadium search that has included proposals for a downtown Chicago lakefront domed stadium, the Arlington Heights site, and a site in Hammond, Indiana near Wolf Lake. In June 2026, the Bears' board of directors voted to advance the stadium development project in Hammond, Indiana, though Arlington Heights was not fully eliminated. The team has pledged $2 billion toward stadium construction and targets an opening between 2030 and 2031. The Soldier Field lease runs through 2033.

About McCaskey Family

Who owns the Chicago Bears?
The McCaskey family owns approximately 77.5% of the Chicago Bears, with the Ryan family holding the remaining approximately 22.5%. The McCaskey family's ownership dates to 1920 when George Halas founded the franchise. Following the death of Virginia Halas McCaskey in February 2025, her son George McCaskey serves as the franchise's control person and chairman of the board.

Is the McCaskey family ownership publicly traded?
No, the McCaskey family's ownership of the Chicago Bears is not publicly traded. It operates as a private family ownership structure. The Bears are one of the few NFL franchises not owned by a billionaire or corporate entity, maintaining a family business structure that has been in place for over 100 years.

How much are the Chicago Bears worth?
The Chicago Bears are valued at approximately $8.8 billion as of 2025, based on the August 2025 transaction in which the McCaskey and Ryan families absorbed a 2% stake from the late Andrew McKenna. Forbes valued the team at $8.2 billion, while CNBC valued it at $8.9 billion. The franchise has appreciated from $100 in 1920 to approximately $8.8 billion, one of the greatest asset appreciations in sports history.

Who is the control person for the Chicago Bears?
George McCaskey serves as the franchise's control person, the designated individual who represents the team to the NFL on ownership matters. He has served as chairman of the board since 2011 and became control person following the death of his mother Virginia McCaskey in February 2025.

When did Virginia McCaskey die?
Virginia Halas McCaskey died in February 2025 at age 102. She had served as principal owner of the Bears since 1983, when she inherited control from her father George Halas. She was the first woman to serve as the primary owner of an NFL franchise and the longest-tenured owner in the league at the time of her death.

How much revenue do the Chicago Bears generate?
The Bears reported approximately $627 million in total revenue for 2025, with EBITDA of approximately $74 million. The team carries minimal debt at approximately 1% of franchise value. Revenue is generated through NFL national revenue sharing, ticket sales, sponsorships, merchandise, and game-day operations at Soldier Field.

Will the McCaskey family sell the Bears?
The McCaskey family has consistently expressed their intention to maintain ownership of the Bears indefinitely. Family members have often stated they plan to own the team "until the second coming." Despite the franchise's massive appreciation in value to $8.8 billion, the family has shown no interest in selling, prioritizing tradition and legacy over financial optimization.

What is the McCaskey family's relationship with the Ryan family?
The Ryan family, led by Pat Ryan Sr., owns approximately 22.5% of the Bears. Pat Ryan Sr. and Andrew McKenna purchased approximately 20% of the team from two of Halas's grandchildren in 1990. The Ryans have since added a small amount of equity and are among the largest minority shareholders in the NFL. The McCaskey and Ryan families are the only two families invested in the Bears.

  • Founded: 1920
  • Headquarters: Chicago, Illinois, USA
  • Company Type: Privately Held
  • Revenue: $627 million (Bears franchise revenue, 2025)
  • Employees: approximately 200

Visit McCaskey Family website

View full company profile for McCaskey Family

Where Is Chicago Bears Made / Based?

  • Headquarters: Lake Forest, Illinois, USA

Chicago Bears Categories & Tags

FootballNflProfessional SportsChicagoHistoric Franchise

Chicago Bears Sustainability & Ethics

The Chicago Bears participate in the NFL's Green Initiative program, which aims to reduce the environmental footprint of league operations across all stadiums. Soldier Field has implemented energy-efficient lighting systems, waste reduction programs, and water conservation measures. The stadium features solar panel installations and recycling systems that divert a significant portion of waste from landfills.

The Bears Care charitable foundation, established in 2005, has issued grants totaling more than $31.5 million to 225 qualifying agencies. The foundation focuses on improving the quality of life for people in the Chicago area, particularly disadvantaged children and their families. Bears Care also supports health awareness programs focusing on breast cancer and ovarian cancer.

The team has implemented sustainable game day operations including compostable food service containers, reduced plastic usage in concessions, and a food donation program that distributes unsold food to local charities and food banks throughout Chicago. The Chicago Bears Youth Football Camps serve over 10,000 children annually, providing football instruction and character development programs.

The organization has implemented player safety protocols including concussion management programs and investment in medical facilities. These measures respond to growing concern about the long-term health effects of football-related head injuries.

Awards & Recognition

The Chicago Bears hold the record for most NFL championships with nine titles, including eight pre-Super Bowl era championships (1921, 1932, 1933, 1940, 1941, 1943, 1946, 1963) and one Super Bowl (Super Bowl XX in 1985). The 1985 team is widely regarded as one of the greatest single-season teams in NFL history, with a defense that set records for fewest points allowed in a 16-game season.

The franchise has produced 28 Pro Football Hall of Fame inductees, including founder George Halas, legendary running back Walter Payton, linebacker Dick Butkus, and coach Mike Ditka. George Halas was inducted as a charter member of the Hall of Fame in 1963.

The 1985 Bears' "Super Bowl Shuffle" music video became a cultural phenomenon, reaching number 75 on the Billboard Hot 100 chart. The team's 73-0 victory in the 1940 NFL Championship Game remains the largest margin of victory in league history.

The Bears Care foundation has received multiple awards for community service and philanthropic impact. The foundation's youth football programs, educational initiatives, and health campaigns have been recognized by local and national organizations.

Chicago Bears Recalls & Controversies

The Bears, like all NFL teams, have been affected by the league's concussion crisis. The NFL agreed to a $765 million settlement with former players in 2013 (later increased to approximately $1 billion) over concussion-related injuries and the long-term health effects of repeated head trauma. The Bears have implemented comprehensive player safety protocols and medical monitoring programs in response to these concerns. The settlement remains in effect, with claims continuing to be processed as of 2026.

The 2003 renovation of Soldier Field was highly controversial. The $690 million project dramatically altered the historic character of the stadium, which had been designated a National Historic Landmark in 1987. The renovation resulted in the loss of the landmark designation. Critics compared the new design to a "spaceship" landed inside a classical colonnade. The project was funded largely through hotel tax revenue, drawing criticism about the use of public funds for a private sports facility.

The Bears' ongoing stadium search has generated significant public debate. The team's consideration of moving to Hammond, Indiana has drawn criticism from Illinois lawmakers and Chicago fans who want the team to remain in the state. The franchise's request for public infrastructure funding, while pledging $2 billion of its own money for construction, has sparked debate about the appropriate use of taxpayer dollars for professional sports venues.

The team has faced criticism from fans and media regarding on-field performance, coaching decisions, and management choices during extended periods of poor results. The Bears have not won a playoff game since the 2010 season, the longest active playoff drought among teams that have won a Super Bowl.

Chicago Bears Ownership: Pros & Cons

Advantages

  • +Historic family ownership spanning over 100 years, providing rare continuity in professional sports
  • +Strong brand recognition and loyal fan base built over a century of operation
  • +Deep community ties through Bears Care foundation and Chicago market presence
  • +NFL franchise value appreciation, with the team worth approximately $6.4 billion as of 2024
  • +Family trust structure designed to maintain control across generations

Considerations

  • -Family succession challenges and estate tax implications as ownership passes to the next generation
  • -Limited capital resources compared to billionaire individual owners who can self-fund stadium projects
  • -Pressure to maintain competitive spending in a league where player salaries and facilities costs continue rising
  • -Balancing family tradition with the need for business innovation and modern stadium revenue
  • -Extended championship drought since 1985 creating fan frustration and media scrutiny

Frequently Asked Questions About Chicago Bears

Sources & Further Reading

  • Chicago Bears Official Website -
  • NFL Official Team Directory -
  • Pro Football Hall of Fame: Chicago Bears -
  • Forbes: Chicago Bears Valuation 2024 -
  • ESPN Chicago Bears Team Page -
  • Chicago Tribune Bears Coverage -
  • Chicago Sun-Times Bears Coverage -
  • Reuters: Virginia Halas McCaskey Obituary -
  • NFL Concussion Settlement Information -
  • Soldier Field Official Website -

Competitors to Chicago Bears

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Green Bay PackersGreen Bay Packers
Green Bay Packers Inc
USA
1919
PremiumUnited statesAll Genders
Los Angeles RamsLos Angeles Rams
Kroenke Sports Entertainment
United States
1936
PremiumUnited statesAll Genders
Mumbai City FCMumbai City FC
City Football Group
India
2014
Mass marketIndiaAll Genders
Yokohama F. MarinosYokohama F. Marinos
City Football Group
Japan
1972
Mass marketRegionalAll Genders

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Japanese professional football club based in Yokohama, competing in the J1 League. Founded in 1972 as Nissan Motors FC, now owned by City Football Group.

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Competitive Analysis

Market Positioning: Chicago Bears competes with 4 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Chicago Bears

Looking for brands with different ownership structures? These similar brands are not owned by McCaskey Family, giving you alternative choices that support different corporate structures.

Arc'teryxSports

Arc'teryx

Owned by Amer Sports Inc.

Canadian premium outdoor apparel and equipment brand known for technical mountain clothing, owned by Amer Sports (NYSE: AS), which is majority-owned by Anta Sports.

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Arc'teryx is owned by Amer Sports Inc., a public company, a different structure than Chicago Bears's parent.

PatagoniaSports

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Owned by Patagonia, Inc.

American premium outdoor apparel brand known for technical gear and environmental activism, headquartered in Ventura, California.

outdoor-appareltechnical-gearenvironmental-activism
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Patagonia operates independently without a large parent corporation.

Al HilalSports

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Owned by Public Investment Fund (Saudi Arabia)

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Al Hilal is owned by Public Investment Fund (Saudi Arabia), a state owned company, a different structure than Chicago Bears's parent.

Klutch Sports GroupSports

Klutch Sports Group

Owned by Klutch Sports Group LLC

Sports management agency founded in 2012 by Rich Paul, headquartered in Los Angeles. Represents nearly 200 NBA, NFL, MLB, and WNBA players. Ranked No. 5 on Forbes 2025 Most Valuable Sports Agencies list with $351 million in commissions.

sports-marketingtalent-representationbasketball
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Klutch Sports Group operates independently without a large parent corporation.

TNT SportsSports

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Owned by Warner Bros. Discovery

British sports broadcasting channel offering live coverage of Premier League football, UEFA competitions, and other major sports events across the UK and Ireland.

sports-broadcastingfootballpremier-league
Publicly Traded

TNT Sports is owned by Warner Bros. Discovery, a public company, a different structure than Chicago Bears's parent.

Toronto Blue JaysSports

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Owned by Rogers Communications Inc.

Canadian professional baseball team based in Toronto, Ontario, competing in MLB's American League East division.

baseballmlbprofessional-sports
Publicly Traded

Toronto Blue Jays is owned by Rogers Communications Inc., a public company, a different structure than Chicago Bears's parent.

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Last reviewed: August 1, 2026 · Reviewed by Who Brands Editorial Team