Bruins owner Jeremy Jacobs gives control of team to his 6 children

Longtime Boston Bruins owner Jeremy Jacobs has given control of the team to his six children, he told Kevin Dupont of The Boston Globe.

"I have given it to my kids," Jacob said. "They are paying me some of the proceeds that come out of this. It happened this year. This was done on the basis that the longevity is going to continue in the hands of the Jacobs children, and the next generation will have it."

Jacobs has owned the team for 44 years, purchasing the Original Six franchise in 1975 for roughly $10 million. The Bruins were estimated to be worth $925 million in 2018, according to Forbes.

The 80-year-old owns and operates Delaware North, a hospitality and food service company which was founded by his father and uncles.

Jacobs was inducted into the Hockey Hall of Fame in the builders' category in 2017 and saw his Bruins win their lone Stanley Cup of his tenure in 2011.