Robert Kraft's purchase of the Patriots was years in the making before the deal was officially announced on February 26, 1994.
A longtime fan of the team, he strategically planned out the acquisition – parlaying an acquisition of the parking lots from original owner Billy Sullivan into a winning bid for Foxboro Stadium in bankruptcy court. It was a gamble, as the next two owners made plans to move the franchise to Jacksonville and St. Louis, respectively. But Kraft couldn't bear to see that happen, and finally purchased the third piece of the puzzle for a record $172 million – the most expensive price paid for a professional sports franchise to that point, before the 1994 season.