Peter Bynoe
Peter Bynoe was born in Boston, Massachusetts, United States on March 20th, 1951 and is the American Lawyer And Businessman. At the age of 73, Peter Bynoe biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.
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Bynoe began his professional career in 1976 at Citibank. After deciding he didn't like working for a large corporation, he left New York and moved to Chicago in 1977. He was hired by James Lowry, a management consultant whom he had met at Harvard. While with Lowry's firm, Bynoe made a name for himself as someone who could break down racial barriers and get diverse groups to work together. He also became known for his work in minority business development. By 1982, Bynoe passed the Illinois bar examination. He left Lowry and Associates in 1982, at which time he founded and managed Telemat Ltd., a business consulting firm.
His career path changed in 1987 when Harold Washington, whose election campaign he had worked for and contributed to, called Bynoe to inform him that the Chicago White Sox were threatening to leave Chicago. From January 1988 to June 1992, Bynoe served as the Executive Director of the Illinois Sports Facilities Authority, a joint venture of the City of Chicago and State of Illinois, which gave him complete supervisory, planning and executing responsibility for the $250 million construction of New Comiskey Park for the Chicago White Sox, which was completed as scheduled and well within its budget. He also became known in Chicago for his business relationships with such influential sports stars as Michael Jordan, a former client with whom he remained friends.
In November 1989, Bynoe and Bertram Lee purchased the Denver Nuggets. Lee and Bynoe had worked together in Boston years earlier, and Bynoe thought of Lee as a mentor. They had kept in touch, and were involved in several real estate dealings together. But the Nuggets deal was problematic from the start. In fact, it almost fell through because Lee did not have the resources everyone, Bynoe among them, thought he had. Media reports depicted Lee as a wealthy and successful businessman who was a financier with offices in two cities, and formerly part owner of Boston's WNEV-TV. But Lee and Bynoe were unable to meet the deadline to purchase the team from then-owner Sidney Shlenker. It would later be revealed that Lee had problems raising the needed capital. It was Bynoe, with the assistance of David Stern, Jay Pritzker, and Jerrold Wexler, who salvaged the transaction over the course of six months. The mainstream media reported that Lee and Bynoe were now the first two blacks to own a major sports team, but several of the black newspapers pointed out that the two men were actually managing general partners rather than owners, because the revised agreement to purchase the team meant they owned only a 37.5% stake in the team. Bynoe sold his interest in the franchise in August 1992. Communications Satellite Corporation's (COMSAT) Video Enterprises subsidiary put up 62.5% of the $65 million needed to purchase the Nuggets.
Bynoe was hired in 2008 by Chicago-based Loop Capital Markets LLC. Bynoe serves as Managing Director of Corporate Finance.
In August 2013, Bynoe left his executive role at Loop Capital Markets LLC to become CEO of Rewards Network, a company controlled by investor Sam Zell that offers loyalty programs for restaurants.