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Portland's new minor league basketball team is leveraging its high-profile owners to launch a young professional group.
The Maine Red Claws Young Leaders Program grew out of many people dealing with the team expressing interest in meeting one or more of the team's owners, which includes such heavyweights as Bill Ryan, chairman of TD Bank, and Michael Dubyak, CEO of Wright Express, says Jana Spaulding, the team's director of public and community relations. "It's kind of a who's who of businessmen in the state of Maine," Spaulding says. "These are people that people want to know."
The program -- a partnership with the Portland Press Herald and Propel, the young professionals group affiliated with the Portland chamber -- is open to 150 individuals willing to pay $300. Membership brings one season ticket, access to pre-game talks with coaching staff, plus invites to 10 special events, each of which includes one of the team owners or other business person as a guest speaker. Spaulding says the events will offer an "intimate setting" and allow "complete off-the-record exchanges between these individuals and these speakers."
So far, Spaulding says about 80 people have signed up for the program. Most are young professionals "eager to expand their own horizons," Spaulding says. "[The program] was designed for up-and-coming business leaders rather than well-established people in the community. They can get out of it as much as they put into it."
The program is being marketed as an opportunity for young professionals to rub elbows with some well-known businessmen, but the team's motives are not completely selfless. "These are our future season ticket holders and business partners," Spaulding says. "It gives us an opportunity to grow those relationships from an early stage over the next several years."
Also, Spaulding says the team's owners see the program as an opportunity to scout for young talent. "It's definitely a give and take," she says.
The Red Claws ownership group is a who's who of area business leaders. Bill Ryan Jr., owner of Oxford Plains Speedway, says having a stake allows him to contribute to family-friendly entertainment that adds to the city's vitality. "We're all in it to make money," he says, "but nobody's depending on it to pay their light bill." Here's a list of the 15-member group:
William Ryan Chairman of the board, TD Banknorth, Portland
William J. Ryan Jr. Owner, Oxford Plains Speedway, Oxford
Jon Jennings Red Claws general manager; former assistant coach and scout, Boston Celtics
Michael Dubyak Chair, president and CEO, Wright Express Corp., South Portland
Rowland Moriarty Vice chair, Wright Express Corp., South Portland; chair, CRA International, Boston
Stephen Goodrich Founder and CEO, PowerPay, Portland
John Leonard President and CEO, MEMIC, Portland
Joseph DiLorenzo CFO, Plymouth Rock Studios, Plymouth, Mass.; former CFO, Boston Celtics
Drew Gilman Owner, NEPW Logistics Inc., South Paris
Stephen Griswold Real estate developer and owner, Portland
Barry Hobbins Attorney and state senator for District 5, Saco
Jed Troubh Partner, First New York Securities, New York, N.Y.; Falmouth resident
Ken Troubh Founder and president, NR&C Co., Portland
Ted Tye Managing partner, National Development, Newton, Mass.
Theodore West President, Atlantic National Trust, Portland
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
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